OREANDA-NEWS. December 14, 2012. VTB officials on December 12 presented on the strategy of the Business 20 (B20) "Financial Stability Taskforce at Priorities for the Russian G20 Presidency: the Business View", the first in a series of official events during the Russian presidency of the G20 and B20.

The B20 brings business leaders together to advise G20 leaders on key economic issues, and has established seven taskforces for 2013. Andrey Kostin, VTB Bank President and Chairman of the Management Board, heads the Financial Stability Taskforce, which is working on proposals to help restore confidence in the financial system. Other participants will be drawn from leading international financial institutions, stock exchanges and national business associations.
Issues for discussion draw on the agendas of previous G20 and B20 meetings, and also include new priorities proposed by Russia such as improvement of financial regulation and financial markets infrastructure; reform of the international monetary system; development of private companies’ debt strategies; broader access to financial resources; and sovereign debt management in the event of unforeseen circumstances.

VTB President Andrey Kostin has attended B20 meetings since 2010 as the only representative of the Russian banking community.