WASHINGTON (CNNMoney.com) -- Leaders of G-20 nations committed Friday to a timeline to establish and enforce new rules aimed at spurring financial firms around the globe to improve capital cushions and avoid taking risk.
They agreed to keep working to stimulate economies and stabilize financial systems following the worst financial crisis in decades.
"We brought the global economy back from the brink, we laid the groundwork today for longtime prosperity as well," President Obama said at a press conference after the summit concluded. "Still we know there is much further to go."read more
