UK prime minister Gordon Brown has revealed that the world's leading economies are moving closer to agreeing a worldwide banking tax.
According to Mr Brown, support is growing regarding the idea of a global levy on banks around the world.
Talking to the Financial Times he said: "I'm interested in the way support is building up for international action. People are now prepared to consider the best mechanism by which a levy could be raised."
He also spoke of a shift in opinions in favour of a global levy following the announcement from US president Barack Obama of a $90 billion ($58 million) tax to recover the money spent bailing out banks during the financial crisis.
The prime minister is hopeful that a deal will take place at the G20 summit in June and that the International Monetary Fund (IMF) will also back the global tax.
If such a levy did not take place it could lead to banks taking, "reckless risks at the expense of the customers", Mr Brown recently commented.
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