FSB's Draghi is optimistic about progress on reform

06/15/2010 | Reuters

Mario Draghi, chairman of the Financial Stability Board, said the board made enough progress at its latest meeting for leaders from the Group of 20 to make concrete decisions on regulatory reform for the financial industry. "We made good progress in the area of reform of Basel II and in the area of what to do with systemically important financial institutions, especially in the area of infrastructure, market infrastructure consolidation with respect to [over-the-counter] derivatives trading," Draghi said.

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