G20 watchdog urges flexibility for banks to help virus-hit economy
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LONDON (Reuters) - Regulators should use the flexibility built into financial rules to help banks keep funds flowing to the economy during the coronavirus epidemic, the Financial Stability Board said on Friday.The FSB coordinates financial rules for the Group of 20 Economies (G20) and said the global financial system was in better shape to cope with market stress caused by coronavirus than it was in the financial crisis a decade ago.The board, made up of regulators, central banks and treasury..