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Subjects / Resolution and Recovery

Newsletter April 09: Pivotal role for the new Financial Stability Board

Simon Turmaine | April 21, 2009

The newly established Financial Stability Board (FSB), which is set to be one of the keystones in the new international financial architecture, will not be a global regulator. Its role will be to develop and foster adherence to international financial regulatory and supervisory standards and practices that national authorities implement, says the Board’s secretary general Svein Andresen in answer to e-mail questions from GRR.

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