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Cybercrime concerns replace crisis firefighting at global finance watchdog

New FSB leadership outlines its priorities, as former chair Mark Carney warns on global growth

The Financial Stability Board, the global finance watchdog, has laid out its agenda for the year ahead: it will focus on new risks to the banking system from fintech and cyberattacks.

The FSB, chaired for the past seven years by the governor of the Bank of England, Mark Carney, has been under new leadership since US Federal Reserve vice-chair Randal Quarles — a former Carlyle partner — took over on December 2.

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