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Bailey: FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors
The FSB was created during the Global Financial Crisis to ensure global cooperation on financial regulation and improve the resilience of the global financial system. The reforms put in place by the FSB since then have helped contain the fallout from more recent crises including the COVID pandemic. Our remit remains just as important today. The shocks of recent years, and indeed of recent months, have emphasised the importance of financial stability and the implementation of globally agreed standards such as Basel III. The need for global cooperation is as clear today as it was 15 years ago: not just to prevent ... (full story)
Added at 1:06pm
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BOEs Bailey: Uncertainty continues to weigh on growth expectationshttps://t.co/HLN8OT6dHr
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