Stevens Says G-20 Should Focus on Reform Implementation in 2014

March 26 (Bloomberg) -- RBA Governor Glenn Stevens says G20 should focus on implementing rule changes in the financial system rather than adding new reforms when Australia takes over the presidency next year.

* “To task the regulatory community and the financial

industry with further wholesale changes from here would risk

overload,” Stevens said in the text of a speech today in

Sydney. “By 2014 we will have reached a point in the

financial regulatory sphere where the G20 should be looking

for careful and sustained efforts at implementation of the

regulatory reforms that have already been broadly agreed.” * Watch speech live now: click BBTV 108708030 <GO>

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To contact the reporter on this story: Grant Clark in Singapore at +65-6212-1101 or gclark@bloomberg.net

To contact the editor responsible for this story: Grant Clark at +65-6212-1101 or gclark@bloomberg.net

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