They discussed the importance of continuing to take resolute steps to foster a durable recovery and to strengthen financial regulation, looking ahead to the G20 meeting in Canada.

WHITEHOUSE: Press Briefing by Deputy Press Secretary Bill Burton

These efforts include steps to improve corporate governance and banking practices, overhaul the legal frameworks, and strengthen prudential regulation and supervision of financial institutions.

CNN: REFORM IS CRUCIAL

Closely related to this third group of activities is a critical question that we as a country now face: how to strengthen our financial system, including our system of financial regulation and supervision, to reduce the frequency and severity of bouts of financial instability in the future.

FORBES: Reducing Systemic Risk

Indeed, regulation can serve to strengthen market discipline, for example, by mandating a transparent disclosure regime for financial firms.

FORBES: Transcript