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Mark Carney’s appointment last Friday as chairman of the Financial Stability Board, the world’s top banking watchdog, is a central banker’s dream. Plus, he’ll have an old school friend from his Oxford days serving as second-in-command. Great gig, right? Well…
About the FSB: The Financial Stability Board is the updated version of the Basel, Switzerland-basedFinancial Stability Forum, which was created in 1999 by the G7 to improve information-sharing among finance ministers and central bankers in the aftermath of the Asian financial crisis. The FSB itself came to life ten years later, after …
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