G20 leaders will aim to implement new rules by the end of 2012 to improve the quality and amount of bank capital, a draft communique showed on Friday.
Indian Prime Minister Manmohan Singh urged the Group of 20, which meets from Thursday, to make a stand against protectionism.
EU leaders will press their G20 partners to introduce ”sanctions” for banks that hand out excessive bonuses, according to a draft summit communique.
G20 finance ministers will discuss next week how to curb excessive bankers’ pay, officials and analysts said.
