FSB opens up to non-members with outreach proposal

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The Financial Stability Board (FSB) on Wednesday unveiled a proposal to expand its reach through the establishment of regional consultative groups designed to give non-members a bigger voice in the global reform debate.

The Basel-based board said the move was borne out of a need to ensure consistent implementation of reforms across the board to avoid arbitrage. "At the same time, to be globally applicable, reforms need to take into account differences across countries in legal systems, financial

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