“We’re in the midst of a fundamental restructuring of that financial services industry” | Carney
This piece in the FT talks about the FSB (Financial Stability Board). I had to remind myself that the FSB is the G20 designate to fix the banking system, and not the KGB successor.
The quote in the title indicates the goal of the group but the reality of the need for this piece indicates that it is not being taken too seriously yet, hence we must remember … FSB. The good news is that the FSB has one of the better and clear thinking Central Bank governors in Mark Carney. The challenge that is faces is critical for the world.