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Association of Chartered Certified Accountants (ACCA) has proposed re-designing of financial regulatory framework to cater for increasingly complex financial structures, ensuring transparency and stability in financial markets.
According to a press release of the ACCA issued here on Thursday that the G-20 members' meeting in London on April 2, 2009 must establish a new architecture for global financial and economic relations.
A discussion paper of the ACCA about the upcoming summit has been drafted by Arif Masud Mirza, Head of ACCA Pakistan. It says, "the G-20 have many problems to solve, including how to cope with the increasing complexity of financial …