Canada’s Finance Minister, Jim Flaherty, said Saturday that the significant commitment seen from international leaders — with specific focus on President Obama — to “end the economic crisis” and to “deal with toxic assets” is praiseworthy.

English Prime Minister Gordon Brown also responded after the meeting to say that he expected massive change was to take place in market regulation, an issue which has been gaining interest and public opinion for months and is currently being seen in such pop-culture issues as Jim Cramer’s financial “expertise” and action with regard to hedge funds.

A joint statement released from the unified group to say that cumulatively they would “fight all forms of protectionism,” and “maintain open trade and investment,” and finalized with a short piece about hedge fund managers needing stringent requirements to “register and disclose appropriate information to assess the risks they pose.”

President Obama “has demonstrated a clear intention to deal with this issue,” said Flaherty to reporters after leaving his meeting with G20 leaders in England, citing specifically plans to engage in simulations with big banks to determine how market conditions would effect the international economies.

A summit in London next month, the Leaders’ London Summit will see leaders of all of the G20 countries to discuss their methods and unified agreements for dealing with a global financial crisis.

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