Hildebrand and Carney vie for FSB chair

Mario Draghi leaves his role as FSB chair on Tuesday

Mario Draghi becomes the next president of the European Central Bank on Tuesday. He leaves behind not only his governorship of the Bank of Italy, but also the role as chairperson of the Financial Stability Board (FSB).

There are believed to be two main candidates to succeed him at the FSB – Mark Carney, the governor of the Bank of Canada and Philipp Hildebrand, the governor of the Swiss National Bank.

Draghi took on his first three-year term as chair in 2006. According to the FSB Charter, the

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