**Finance ministers from the world’s most powerful economies have agreed a series of measures to try to regulate the global banking system.**The G20 meeting in London did not agree on specific limits on the amounts individual bankers get paid - something France and Germany had pressed for.
Britain, the US and Canada opposed the idea, agreeing to ask the Financial Stability Board to examine the issue.
They agreed banks ought to hold more capital as a cushion against losses.
UK Chancellor Alistair Darling said all bankers were obliged “to make sure that their pay practices are responsible”.
Mr Darling said that ministers were determined to stop banks and financial institutions getting themselves into positions where they could be brought down.
He said individual salary caps would not be workable.
The chancellor added that every single banker had to realise they would not be here if it had not been for the efforts of countries and taxpayers.
He also revealed that tax havens would have until March 2010 to start to comply with financial regulations.