Brazil fails to realise Latam financial stability grouping

The Central Bank of Brazil

The leaders of South America's central banks came together in Buenos Aires on Friday to discuss prospects for financial stability in the region – but a grouping of seven of their number, announced by the Central Bank of Brazil (CBB) two months ago to work together on financial stability, appears to have sunk without trace.

At the end of March, Brazil's central bank put out a statement announcing the launch of a Group for Financial Stability and Development, established with the assistance of the

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