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Page last updated at 07:57 GMT, Monday, 25 January 2010

'Stepping stone' towards global action on banking

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Finance ministry officials from the world's richest economies are meeting in London today to discuss how to avoid a repeat of the financial crisis of 2008.

The meeting, which is to be chaired by the City Minister Lord Myners, has received added urgency in light of President Obama's comments last week urging that banks' activities be radically curbed. Business editor

Robert Peston discusses whether it is too little too late.

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