FSF and IMF agree differentiation of roles

The Financial Stability Forum (FSF) and the International Monetary Fund (IMF), two of the most prominent multilateral organisations, have moved to clarify their respective roles to prevent a tussle for greater regulatory power.

Senior figures in both the public and private sector are split on whether an enhanced FSF or the IMF is a more appropriate body to supervise against the threat of a global financial market crisis.

But Dominique Strauss-Kahn, the managing director of the IMF, and Mario D