FSB strives to coordinate risk-prevention efforts

03/25/2010 | Financial Times (tiered subscription model)

The Financial Stability Board decided that regulators working on risk-prevention efforts should regularly report to the board, sources said. The FSB is concerned that efforts related to over-the-counter derivatives, banks' capital requirements and clearinghouses are starting to diverge, making global coordination increasingly difficult. "It's been a recent development," one source said. "It's really trying to get it more coordinated rather than having disparate pieces of work going on, which all have slightly different agendas."

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