World leaders are expected to give FSB more clout

10/10/2011 | Reuters

The Financial Stability Board is expected to gain increased authority to implement rules governing financial markets. The FSB remains tiny given its mandates, although it has been adding staff. "It is time to make the necessary changes to the governance of the Financial Stability Board so as to underpin its monitoring function," according to a letter by European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy.

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