Despite the failure of drawing detailed measures on bank levy, the G20 leaders came up with a larger-frame resolution, or a five- step principle, that will be a guideline for countries to consider when they devise ways to regulate the banking sector.
With the remaining challenge to harmonize the ongoing disputes on the bank levy issue, the Busan G20 meeting will be followed by the June 2010 Toronto Summit and the November 2010 Seoul Summit where more practical outcomes are expected.