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MAY 11, 2013 - Yahoo! News

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G7 to press on with bank reforms, gives Japan free pass

By William Schomberg AYLESBURY, England (Reuters) - Group of Seven finance officials agreed on Saturday to press on with measures to deal with failing banks and gave a green light to Japan's efforts to galvanize its economy. British finance minister George Osborne said the finance ministers and central bankers meeting outside London focused on unfinished banking reforms. The emergency rescue of Cyprus in March acted as a reminder of the need to finish an overhaul of the banking sector, five years after the world financial crisis began. ...

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