Role of FSB ramped up as Carney updates G-20 on progress

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The Financial Stability Board (FSB) is set to become more independent and will see its role broadened after the Group of Twenty (G-20) approved plans to vest the body with a "legal personality" under Swiss law.

The FSB will rely on the Bank for International Settlements (BIS) for all its funding and support-service needs while the transition to becoming an independent organisation is completed. The FSB will also continue to be housed in Basel, at the BIS headquarters. The introduction of a membe

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