Swiss devise $3.25B deal for UBS to aquire 'too big to fail' Credit Suisse
The Financial Stability Board designated the two biggest Swiss banks as so important economically they are 'too big to fail.'
Financial Stability Board
The Financial Stability Board (FSB) is an international body that promotes global financial stability by coordinating national financial authorities. The FSB was established by the G-20 nations in 2009 in response to the 2008 global financial crisis, and its secretariat is hosted by the Bank for International Settlements in Basel, Switzerland.
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Proportion of developing countries in organizations
Share of members of international organizations defined as developing countries.
Envoy says 126 nations seek carbon neutrality
The top U.N. official for global climate action said 65% of the world body's 193 member nations will seek net zero carbon emissions by 2050.
Global financial regulator presses for more U.S. engagement
The Financial Stability Board monitors and recommends ways of strengthening the world's financial architecture.