An excerpt from the second paragraph: "The IMF . . . is suggesting governments adopt a 'binding code of conduct across nations' to coordinate how and when they would intercede in troubled firms, and how to share losses from major financial institutions that operate across borders." From further down in the article: ". . .the IMF is endorsing a G-20 idea to have financial firms overseen by 'colleges of supervisors'--essentially regulators from a financial firm's home country and other countries where it does business." more at the link.