Jan. 18 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner, European Central Bank President Jean-Claude Trichet and their Group of Seven counterparts face few distractions when they meet in an Arctic outpost to rein in diverging policies on the future of bank regulation.
Canadian Finance Minister Jim Flaherty will host G-7 finance chiefs and central bankers Feb. 5-6 in Iqaluit, a town 195 miles south of the Arctic Circle. He says he’ll press for more unity after the U.S., U.K. and France imposed levies on banks or bonuses even after Group of 20 leaders in September promised to “raise standards together.”
“We’re trying to have a synchronized approach and clearly some jurisdictions are going in different directions,” Flaherty said in a Jan. 12 interview in Swift Current, Saskatchewan.
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