Those included regulating hedge funds, introducing forms of capital control and vastly increasing the powers of the monetary fund.
Another area of concern is over potential legislation to regulate hedge funds.
Since then, these financial regulators have all expressed concern that further moves to regulate either hedge funds or derivatives could prove harmful or inadequate.
He said he was committed to continuing the commission's consideration of whether it should regulate hedge funds more tightly.
The agency also regulates hedge funds, and can bring both suits and fines against companies and individuals.
And it faces the possibility of major changes in the law that regulates funds.
Then there is the Investment Company Act of 1940, which regulates mutual funds.
The G20 intends to regulate only speculative funds that pose a systemic risk.
It must be stressed that this directive is the first European legislative act to regulate hedge funds and private equity.
The rule coincides with waning enthusiasm for regulating hedge funds.