TORONTO -(Dow Jones)- Leaders of the Group of 20 developed and developing nations have scrambled together a basic accord on plans to toughen financial regulations, but it was clear by the end of this weekend's summit in Toronto that they also sowed a fair degree of discord.

In general, countries whose banks survived the recent financial crisis are taking the view that they have already proven the worth of their regulatory frameworks and so aren't willing to pay the price for others' errors. That left the world divided between crisis-battered U.S. and Europe on one side and the rest of the...

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