NIIGATA, Japan -- Group of Seven finance ministers will take measures to prevent future bank failures like that of based Silicon Valley Bank in the U.S., according to a draft of their final statement to be released on Saturday, Nikkei has learned.
The bloc's finance chiefs and central bank governors, who are wrapping up a three-day meeting, will also reaffirm that "our financial system is resilient," noting the effectiveness of regulatory reforms implemented after the 2008 global financial crisis.
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