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QFINANCE Top 5 Stories of the Week

QFINANCE brings to you its top 5 financial news stories of the week, along with relevant QFINANCE articles and definitions to fill you in on background details. Stories this week include G20 decisions on how to prevent another crash, Zoellick's calls for a new gold standard, and revelations from George W Bush's newly published memoir.

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World Bank chief calls for gold standard review

Robert Zoellick, president of the World Bank, wrote in the Financial Times that a modified global gold standard could be necessary to head off currency imbalances.


Cameron will “take Britain’s relationship with China to a new level”

UK Prime Minister David Cameron has said that he will aim to secure more than 40 business deals during his visit to China.


FSA pushes for frequent changes of auditor in big companies

The Financial Services Authority has suggested that rotating auditors more frequently could help mitigate the overwhelming influence of the Big Four.


Bush’s government was “blindsided” by the crisis

George W Bush revealed in his memoirs that the crisis came as a shock, as he “assumed any major credit credit troubles would have been flagged by regulators or ratings agencies."


G20: Early warning system is necessary to head off future crisis

Group of 20 leaders have decided that early warning indicators must be put in place to identify economic imbalances, after emergency talks on Ireland’s debt.


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