Credicorp Securities Headlines: UPDATE 1-Germany, France back SNB chief to lead FSB-paper

http://credicorpsecurities-blog.com/category/recent-events/

ZURICH, Oct 30 (Reuters) - German Chancellor Angela Merkel
and French President Nicolas Sarkozy are backing the candidacy
of the head of Switzerland's central bank to lead the Financial
Stability Board, a newspaper reported on Sunday.
    The FSB, the G20's regulatory task force, is charged with
making sure bank regulations are strong enough to prevent
another financial crisis.
    It has been headed by Mario Draghi, who will take over as
European Central Bank president on Nov. 1. Swiss National Bank
Chairman Philipp Hildebrand and Bank of Canada Governor Mark
Carney are vying for the job.
    Heading the FSB would not require the incumbent to give up
his central bank governorship. An announcement is expected at
the Nov. 3-4 G20 summit.