This week, however, we must also attach the same level of priority and sense of urgency to making progress on the issue of regulation of financial markets.
But progress on reforming regulations is being held back by disagreement among experts about which of the six obstacles are the most important--or even if all of them should be considered regulatory obstacles.
Despite the progress on common bank regulation, the summit shaped up to be a humiliation for Van Rompuy at the hands of the Germans.
Only a few weeks ago, Obama's presidency was, while not quite in peril, at risk of being sidelined by assorted scandals, a still stagnant economy, failure to make progress on gun regulations and an absence new and compelling ideas.
However, while President Trump and Congress are making excellent progress at reversing some of the worst and most recent of President Obama's regulations and seem intent on reducing regulation in general, progress on the other fronts is less certain.
On the day of his inauguration, he froze progress on all developing regulations for at least 60 days for review.
Throughout 2011, ARC convened the selected country teams twice to present progress on their regulation improvement projects and share challenges and lessons learned with their peers and experts.
Mr Barroso added that if roadblocks to progress on regulation arose at the April G20 summit, they'd likely come from emerging markets, notably China.
And we will need a learning system to share progress on regulation and governance of the technology, within the UK and beyond, for instance with Eurocontrol," it adds.
And while progress on new financial regulations has occurred, he said, "very little has been done" to overhaul banking supervision and crisis resolution.
