Shaw Capital Management Headlines: Financial Stability Board’s strong outreach in Global Financial
resilience is expected
http://fsckorea.
wordpress.
com/category/press-release/
2010/10/18 by Lee, Ki Yeon (kiyeon.
m.
lee@gmail.
com)
Korea will be the first...
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Shaw Capital Management Headlines: Financial Stability Board’s strong outreach in Global Financial
resilience is expected
http://fsckorea.
wordpress.
com/category/press-release/
2010/10/18 by Lee, Ki Yeon (kiyeon.
m.
lee@gmail.
com)
Korea will be the first emerging economy to host the Financial Stability Board meeting on the 20th of
October, 2010.
In its third plenary meeting in Basel, Switzerland, the board decided to have the fourth
event in Seoul before the G20 summit.
Since Korea is also the chair country of upcoming G20 forum, a
Financial Services Commission official said that Korea will be able to take the lead in reforming the
financial framework.
The Financial Stability Board (FSB) was established in April 2009 as the successor to the Financial
Stability Forum (FSF).
The FSF was founded in 1999 by the G7 Finance Ministers and Central Bank
Governors to promote stability in the international financial system.
Yet, among the leaders of G20
countries, there had been a broad co
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