Question
Which of the following institutions/treaties are engaged
in setting up of financial standards and regulations that influence the global financial system?Solution
GFCs often set financial standards and regulations that influence the global financial system. They are home to some of the world's largest financial institutions, regulators, and standard-setting bodies, such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS). GFCs also play a significant role in shaping global financial policy and regulation.
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