Italy's top banker has central role at G-20 summit

09/25/2009 | Wall Street Journal, The

Mario Draghi, head of Italy's central bank, is playing a key role at the Group of 20 nations summit, as he heads the committee that today will present recommendations to avoid another financial crisis. Draghi's Financial Stability Board will also offer proposals on bankers' pay, seeking the means to control performance links that increase risk. European leaders are pressing for strict limits on pay, but the U.S. is more concerned about linking pay decisions to capital requirements.

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