Basel Committee, FSF expand membership

The Basel Committee on Banking Supervision and the Financial Stability Forum (FSF) have expanded to include a host of emerging-market economies.

Mario Draghi, the chairman of the forum and the governor of the Bank of Italy, said on Thursday that the FSF would invite members of the G20 that were not already represented to join the forum. He added that the FSF would also invite Spain and the European Commission to join.

The other new members are Argentina, Brazil, China, India, Indonesia, Korea

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