Putin: Capital markets, financial regulation to be discussed during G20 presidency

President Vladimir Putin proposes discussing financial sector regulation and development of capital markets during Russia's G20 presidency.

At a meeting with finance ministers and central bankers on Friday, Putin proposed focusing the agenda on fundamental tasks: ensuring balanced growth and job creation. Russia's priorities will be stimulating investment, increasing transparency and ensuring effective regulation.

"Within these priorities, we propose discussing the development of capital markets and instruments for financing investment and world trade, and examining issues concerning regulation of the financial sector and its infrastructure on both a global and national scale," Putin said.

Boosting employment, particularly among the most vulnerable groups, is also high on Russia's agenda.

"I reckon that our meeting with labor ministers in July this year will make a weighty contribution to resolving this issue," he said.

The main goal of the G20 and Russia's presidency is the refinement of global institutions of management and creation of new effective tools for eliminating the accumulated disparities and stimulating growth in all regions of the world, Putin said.

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