The world's leading nations have agreed "tough new regulations" to prevent another global financial crisis, US President Barack Obama has said.

These relate to the amount of money banks have to hold in reserve and to excessive pay for bankers.

Mr Ban pledged to review security procedures in Afghanistan and take Sony VGP-BPS8 all necessary measures to protect its staff there.

White House spokesman Robert Gibbs said President Barack Obama was confident that existing security arrangements were appropriate. "The administration is confident that there
 

Speaking at the end of a two-day G20 summit, Mr Obama also outlined plans to give emerging economies a greater say in the global economy.

The G20 will effectively replace the G8 group of developed economies.

Global leaders also announced a deal to shift the balance of voting in the International Monetary Fund (IMF) towards growing nations such as China at the summit the US city if

Pittsburgh.

'Reckless few'

"We have taken bold and concerted action锛堝崗鍚屽姩浣滐級 to forge a new framework for strong, sustainable and balanced growth," said US President Barack Obama.

"We have agreed tough new financial regulations to ensure that the reckless few can no longer be allowed to put the global financial system at risk."

He said that leading nations would now be allowed to assess each others' economic policies.

Mr Obama added that the leaders had agreed rules to ensure that executive pay would be linked to long term financial performance.

Many have criticised excessive bonuses as encouraging the kind of short term risk-taking that contributed to the financial crisis.

Despite Mr Obama's declaration, the G20 fell short of agreeing specific rules on the capital reserves that banks need to hold. "We commit to developing by end-2010 internationally

agreed rules to improve both the quantity and quality of bank capital and to discourage excessive [borrowing]," a statement from the G20 leaders said following the summit. It added

are the appropriate resources to conduct an Sony VGP-BPS10 election and that the will of the Afghan people won't be thwarted锛堝弽瀵癸紝闃荤锛?" Mr Gibbs told reporters in Washington. The head of the
 

UN mission in Afghanistan, Kai Eide, said laptop computer batteries he could not yet give details of the nationalities of the victims, although the US embassy has confirmed one of the dead was an American.

UN officials initially said six of its workers had been killed, but TOSHIBA PABAS057 later revised the figure to at least five dead and nine wounded. In addition to the UN staff, two Afghan security personnel
 

and a civilian were killed.

Afghan President Hamid Karzai said the attack was "an inhuman act". Nato Secretary General Anders Fogh Latitude D610 Battery Rasmussen also condemned the attack. "The victims of these terrorist
 

attacks were devoted to helping the Sony VGP-BSP9 Afghan people build better lives. In targeting them, the Taliban has demonstrated once again that it is truly an enemy of the Afghan people."

that the rules will be phased in once financial conditions improve and recovery is "assured".

The leaders also fell short of agreeing a cap on bonuses, agreeing instead that bonus payments should not be guaranteed for many years, should be deferred in part, and should not

exceed a percentage of the bank's revenue.

'Fudging it'"We designated the G20 to be the premier forum for our international economic co-operation," the statement said.It added that the global leaders would shift "at least 5%"

of the quota of votes within the IMF from "over-represented countries to under-represented countries". It described under-represented countries as "dynamic锛堝姩鎬佺殑锛屾湁鍔涚殑锛?

emerging markets and developing countries". Emerging economies will also get a greater say at the World Bank. The leaders also pledged to continue pumping money into their

economies until "a durable recovery is secured". But there will be no formal announcement that the G20 will replace the G8 until 2011, said the BBC's economics editor Stephanie

Flanders. "The leaders would have liked formally to announce the handover today in Pittsburgh, but the Canadians - who are chairing the G8 next year - kicked up such a fuss锛堝ぇ鎯婂皬

鎬紝灏忛澶у仛锛?that they had to fudge锛堟暦琛嶏紝鍥為伩锛?it," she said.

There will now be a G20 meeting on the sidelines of Canada's G8 Summit next June, where most of the economic business of the day will be discussed.

But, formally at least, the economic side of the G8 will live on another year.

The IMF has 186 member-states. It lends money to countries that are facing problems, but in return economic changes have to be made by those countries. Currently, China wields锛?/p>

浣跨敤锛屾尌鑸烇級 3.7% of IMF votes compared with France's 4.9%, although the Chinese economy is now 50% larger than that of France.

The IMF has been criticised in the past as being a group of developed countries trying to lay down the law to struggling countries, which is why the decision to give growing nations

more votes is important.

"If you talk to the Chinese or talk to anyone from emerging markets they say the IMF doesn't have legitimacy锛堝悎娉曪紝閫傚綋锛?and... we don't trust the IMF to come and rescue us in a

crisis," Simon Johnson, former chief economist at the IMF, told the BBC. "They don't trust it because it's US and West Europe-dominated. That's not fair... and the IMF doesn't function

properly as a result." Nobel prize-winning economist Amartya Sen welcomed the change in voting rights, but said that, "on their own, they won't be able to achieve much... It's not just a

question of voting rights, but also a question of broadening the dialogue".