Basel working group calls for 'explicit' financial stability mandate

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Explicit and clear financial stability mandates will reduce the risk of boundary disputes and provide central banks with sufficient clout to respond to systemic risks, a report by the Central Bank Governance Group has said.

The 83-page report, published on Tuesday by the Bank for International Settlements and produced by a study group of central bankers chaired by Stefan Ingves, the governor of the Riksbank, examines the new and enhanced financial stability role at central banks and addresses a

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