Swedish deputy governor says IMF ready for global surveillance role


A deputy governor of Sveriges Riksbank, Barbro Wickman-Parak, says the IMF is the organisation best suited to take responsibility for the surveillance of the global financial system.

Speaking in Stockholm to Global Challenge, a Swedish think tank, Wickman-Parak said global public institutions were not strong enough during the financial crisis. To achieve stability, institutions will need to be rooted in co-operation, as legitimacy is a "precondition for effectiveness", she said.


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