Canada’s Macklem supports greater autonomy for FSB

Bank of Canada

Tiff Macklem, senior deputy governor at the Bank of Canada, on February 7 said that while there was no evidence the Financial Stability Board (FSB) lacked authority, the organisation would need to be placed on a more secure footing to fulfil its objectives.

At the Rotman Institute for International Business in Toronto, Ontario, Macklem said: "Some commentators are concerned that the FSB lacks the authority to enforce the rules, and have argued that it must evolve to a treaty-based organisation

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