Bloomberg News

FSB Seeks Improvements to Audit Rules for International Banks

March 15, 2012

The Financial Stability Board said it’s seeking better rules for audits of banks, including global lenders deemed to be too big to fail.

The FSB said it is targeting improvements in “the information that external audits provide to prudential supervisors and regulators of financial institutions, including systemically important financial institutions (SIFIs),” according to an e-mailed statement.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Peter Chapman at pchapman10@bloomberg.net


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