FSF may open up to emerging markets

The chairman of the Financial Stability Forum has agreed to extend his organisation’s membership to more emerging economies, as some observers have called for greater inclusion beyond developed countries in developing new financial regulations.

Mario Draghi, chairman of the FSF, said Thursday in a statement: "We strongly support the call to broaden the FSF's membership to include key emerging market economies and will be working to rapidly achieve that objective."

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions