'Crypto Week' pushes bitcoin to record high as lawmakers weigh 3 key bills in DC

The FSB was created during the Global Financial Crisis to ensure global cooperation on financial regulation and improve the resilience of the global financial system. The reforms put in place by the FSB since then have helped contain the fallout from more recent crises including the COVID pandemic. Our remit remains just as important today. The shocks of recent years, and indeed of recent months, have emphasised the importance of financial stability and the implementation of globally agreed standards such as Basel III. The need for global cooperation is as clear today as it was 15 years ago: not just to prevent crises, but because ultimately a resilient system allows the efficient allocation of capital, enabling the G20 to focus on sustainable growth. I remain as committed as ever to upholding the FSB’s mission: international coordination of effective regulatory, supervisory and other financial sector policies in the interest of global financial stability. I look forward to working with you – the FSB’s principal sponsors – on these critical tasks. BOEs Bailey: Uncertainty continues to weigh on growth expectations https://t.co/HLN8OT6dHr