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Subjects / Shadow Banking

Newsletter Jul/Aug 2009: Industry delivers global standards to FSB

Simon Turmaine | August 6, 2009

The first draft of a global best practices code for hedge funds, drawn up by the industry itself, in Europe and the US, was sent to the Basel-based Financial Stability Board (FSB) in Basle in mid June. The FSB is coordinating the international policy response to the two-year old financial crisis, and is charged with, in effect, approving and monitoring global standards that help underpin financial stability.

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