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UK's Brown says G-20 to create new oversight body

UK's Brown says G-20 to create new oversight body

British Prime Minister Gordon Brown says the Group of 20 leading industrial and developing nations have agreed to create a new supervisory body to flag potential problems in the global financial system.
Brown says the G-20 will create a new financial stability board to ensure cooperation across frontiers, to spot risks to the world economy and _ together with the International Monetary Fund _ provide "the early warning mechanism that this new global economy needs."
Brown says it is essential that the world does everything necessary to "rebuild trust" and make sure "a crisis such as this" never happens again.


Updated : 2021-10-20 12:35 GMT+08:00