FSB to hold non-compliant G-20 countries to account, says Carney
The Financial Stability Board (FSB) plans to identify G-20 countries that "drag their feet" or "bend the rules" when it comes to implementing new financial rules and regulations. It also plans to "hold them to account", according to Mark Carney, governor of the Bank of Canada and chairman of the FSB.
Carney used a speech to the Canadian Club of Montréal today (November 8) to discuss outstanding issues remaining to improve the global regulatory framework, covering areas such as shadow banking as
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