In the balance: global regulation walks a tightrope

FSB evaluation could maintain international standards or accelerate their decline

Frustrated by years of internal party disputes over membership of the European Union, former British prime minister David Cameron decided to settle the issue once and for all by holding a referendum in June 2016. History will record that it did not go as planned; instead of quelling the rebels, it handed them a victory and divided the nation.

Now, the Financial Stability Board – the financial regulatory arm of the G20 nations – is embarking on its own Cameron-esque gambit. In July, the FSB fina

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