The G-20's determination to bring about tougher regulation to curb irresponsible lending and reckless compensation schemes made the headlines. But they also gave their backing to dynamic provisioning, to 'buffers of resources to be built up in good times'.rnRegulators around the world nodded a little too vigorously, perhaps in tacit acknowledgment of their own failure. Some hastily wheeled out their PR machines to exhibit working papers on similar projects they'd beenrndeveloping quietly in previous months.rnAssociation of British Insurers director general Stephen Haddrill, the only UK representative on the Financial Crisis Advisory Group (FCAG), is not entirely convinced.
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