* Focus on scope of overarching supervision of world finance
* Urged to avoid protectionist measures -bank spokesman
* 13 bank chiefs meet UK prime minister in 2-hour roundtable
* Regulation, accounting rules discussed before G20 meet
(Adds quotes from British govt spokesman)
By Steve Slater and Catherine Bosley
LONDON, March 24 Top executives from major U.S.,
Asian, European and African banks urged Britain's prime minister
on Tuesday not to push for short-term regulatory measures that
could damage economic recovery.
Gordon Brown hosted a rare meeting of top world bankers
ahead of a meeting of Group of 20 (G20) leaders in London on
April 2-3 and discussed regulatory reform and the need to avoid
protectionism, a spokesman for the banks said.
One of the major topics was reforming regulatory systems,
including how watchdogs should develop their "macroprudential
oversight for all systemically important financial
institutions," the spokesman said.
Macroprudential oversight is supervision of the entire
financial system, as well as the individual participants in that
Banks also urged Brown and other G20 countries not to impose
short-term actions that would "undermine economic recovery or
the bigger goals of medium-term reform," the spokesman said.
A spokesman for Brown's office said the two sides agreed on
the need to reform regulatory systems across the globe and
ensure "financial firms' governance structures, risk management
and compensation policies support financial stability".
"There was clear agreement about the importance of
supporting the global economy (and) restoring lending by dealing
head on with troubled assets and rejecting protectionism," a
Downing Street spokesman said.
Bankers at the meeting included Josef Ackermann, chief
executive of Deutsche Bank (DBKGn.DE), William Winters, co-head
of investment banking at JPMorgan Chase (JPM.N) and Nobuo
Kuroyanagi, president and chief executive of Japan's Mitsubishi
UFJ Financial Group (8306.T).
The meeting was held against a backdrop of turmoil in
financial markets that is expected to result in far-reaching
Alistair Darling, Britain's finance minister, and Adair
Turner, head of UK regulator the Financial Services Authority,
also attended the meeting.
Other European executives attending the meeting included
Alfredo Saenz, CEO of Santander (SAN.MC), John Varley, CEO of
Barclays (BARC.L), Baudouin Prot, CEO of BNP Paribas (BNPP.PA),
Alessandro Profumo, CEO of UniCredit (CRDI.MI) and Peter Sands,
CEO of Standard Chartered (STAN.L).
They were joined by William Rhodes, vice chairman of Citi
(C.N), Richard Gnodde, co-CEO of Goldman Sachs International
(GS.N) and David Duffy, CEO of South Africa's Standard Bank
(Additonal reporting by Frank Prenesti; Editing by David