Paris - In the future, no country, no institution and no financial product must be allowed to remain beyond market regulation, the French and German finance ministers said in Paris on Tuesday.
France's Christine Lagarde and her German counterpart Peer Steinbrueck also agreed that action must be taken in the future against any financial centre that does not cooperate in the fight against tax fraud and money laundering.
The Organization for Economic Cooperation and Development (OECD) is to prepare a "black list" of uncooperative countries for the next G20 summit, to be held in London on April 2.