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Subjects / Resolution and Recovery

Newsletter October 08: Global body wanted to coordinate regulation

Simon Turmaine | October 14, 2008

WASHINGTON – A call for the creation of global regulatory coordinating body has come from one of the most influential international banking industry associations. It is contained in a letter to the 24 finance ministers from developed and developing countries on the International Monetary and Financial Committee (IMFC), a powerful body that provides policy advice to the International Monetary Fund (IMF), the Washington-based multilateral agency.

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