Just ran across this that goes right down the line that the Grant Jeffrey video goes I just posted.

PM wants global constitution for financial system

Prime Minister Gordon Brown called on Friday for a world constitution to regulate the financial system and said he hoped for agreement on a range of regulation issues at G8 and G20 meetings in coming months.

Speaking at an international conference on progressive politics, Brown also said now was not the time to put a fragile economic recovery at risk by withdrawing fiscal support, but to make 2010 a year of growth.

Brown said a global solution was required to transform financial services, which he defined as follows:

“Common rules for capital and liquidity, common standards for supervision, common rules for bonuses and a shared way of assessing the contribution banks should make to society, free of the unfair and disproportionate use of regulatory and tax havens which penalise countries doing the right things.”

Referring specifically to discussions with the International Monetary Fund and with other countries on the idea of a global levy on banks, Brown said he hoped for agreement at an upcoming G8 meeting in Canada and a G20 meeting in South Korea.

Read entire article at UK Reuters.com

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