One concrete result of initiatives to enhance global co-operation in financial regulation was announced on Thursday night when the Financial Stability Forum decided to enlarge its membership to include all the countries of the Group of 20 leading advanced and emerging nations.
Established after the Asian financial crisis in 1999, the FSF was originally a small club of the group of seven finance ministers, central bank governors and financial regulators, with participation from Australia, Hong Kong, Singapore, the Netherlands and Switzerland.
