FSB: No Need For Treaty, Swiss Law OK For Now
The Financial Stability Board, the global financial reform body that was created by Group of 20 leaders without a formal legal status, does not believe it needs the legitimacy of an international treaty to carry out its work right now, the FSB said in a report to the G20. Instead, the [...]
The Financial Stability Board, the global financial reform body that was created by Group of 20 leaders without a formal legal status, does not believe it needs the legitimacy of an international treaty to carry out its work right now, the FSB said in a report to the G20.
Instead, the FSB, whose legitimacy has been questioned, said it could be given a legal form by creating an association under Swiss law and a draft of the articles should be formulated.
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