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Begun in April 1999 with the blessing of the G7 finance ministers and following the recommendation of Hans Tietmeyer, former president of the Deutsche Bundesbank, the Financial Stability Forum has since done much to bring together on a regular basis, with a small secretariat at the BIS, the national authorities responsible for financial stability in international financial markets. The International Organization of Securities Commissions, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, the World Bank and the Financial Stability Forum established the Public Interest Oversight Board ( Members of the International Organization of Securities Commissions, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, the World Bank and the Financial Stability Forum will staff the new board. |
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