FSB confirms Carney as next chair

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Mario Draghi, the new European Central Bank president, on Friday morning confirmed Mark Carney as his successor as chair of the Financial Stability Board (FSB).

In a press briefing in Cannes, where global leaders are gathered for a Group of 20 summit, Draghi revealed the news. The FSB is the facilitator for global financial regulation reform, making Carney's background in the industry very useful.

Carney, 46, was appointed to serve a seven-year term as governor of the Bank of Canada in February

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