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Basel, Switzerland (GenevaLunch) – Switzerland has been given two seats on the Financial Stability Board (FSB), based in Basel: one for the Swiss National Bank and the other for a representative of the Swiss Federal Department of Finance. The FSB is a regulatory body created 3 April from the advisory group known as the Financial Stability Forum that was set up at the end of the 1990s, and where Switzerland has had only one seat. The new FSB was mandated by the G20 when the group met in London in early April.

Related: Guardian, UK on how the new board will work

Posted by Ellen Wallace on 9 April 2009 at 19:19 | permalink
Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
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News story, GenevaLunch, 9 April 2009.

Filed under: Politics

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Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.