Ferguson named chairman of FSF

The FSF - created in February 1999 - aims to promote international financial stability through enhanced information exchange and international co-operation in financial supervision and surveillance.

Ferguson was elected to the post following discussions by G7 finance ministers and central bank governors. He will hold the role for a three-year term.

Ferguson took office as vice-chairman of the Fed in 1999 for a four-year term that ends on October 5 this year.

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