De Larosiere, Dodge to lead new global watchdog

Jacques de Larosiere and David Dodge are to head a private-sector-sponsored international monitoring group tasked with assessing risk and fostering stability.

The Institute of International Finance (IIF), a trade body for the global finance industry, will serve as secretariat of the group.

De Larosiere, a former managing director of the International Monetary Fund and a former governor of Banque de France, and Dodge, a former governor of the Bank of Canada, will be joined by Gyorgy Suranyi, a