Global banks want greater role for FSF

An enhanced Financial Stability Forum (FSF) should regulate the most important financial institutions, the global banking industry has said.

In a letter to George W. Bush, America's president, ahead of this weekend's G20 summit in Washington DC, the Institute of International Finance (IIF), a global trade body for the banking industry, has called on officials to set up a council under the auspices of the FSF to supervise the top 30 to 40 global financial services institutions.

"Effective regu