BoE Backs New Regulatory Links As G-20 Plan Global Clearing Bank
REGULATIONS
A plea for increased co-operation between international regulatory authorities to prevent systemic risk crises in the financial markets has been made by Michael Foot, executive director of the Bank of England (BoE).
Meanwhile, in a separate development, an alliance of leading international banks calling itself the Group of Twenty (G-20), is apparently examining the feasibility of a creating a new global clearing bank to reduce risks in the foreign exchange market.
Speaking at the annual meeting of
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