‘Significant work remains’ to fix global finance, says FSB

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The Financial Stability Board (FSB) yesterday said many areas of global finance are still looking shaky, and called for "prompt action" to address outstanding issues.

In a statement at its annual meeting yesterday, the FSB said financial markets have improved in recent months, but medium-term risks remain due to weak growth prospects and high levels of sovereign debt in many countries. Accommodative monetary policy by central banks poses "challenges" for institutional investors, and the FSB said

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