National bank supervisors must improve co-operation, says FSB
Despite progress on supervising systemically important banks, relationships between supervisors across borders are still lukewarm
More work is needed to encourage effective co-operation between jurisdictions supervising global banks, the Financial Stability Board (FSB) warned on May 26.
A peer review team organised by the FSB to examine jurisdictions' supervisory frameworks for systemically important banks found "significant steps" had been taken, but identified several areas that could be improved.
Ravi Menon, who chairs
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