Regulators to cooperate on rules to combat crisis

Financial regulators from the world's leading economies are set to draft recommendations to avert global instability in response to the recent market turmoil.

The Financial Stability Forum, which brings together regulators from 12 national central banks, including representatives from all of the G7, announced on Thursday that it intended to organise a working group to carry out the work.

"The turmoil in global financial markets in recent months has raised important concerns that require careful

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