March 12, 2009 / 5:41 PM / 11 years ago

Top market supervisor says agrees FSF expansion

LONDON, March 12 (Reuters) - The Financial Stability Forum has agreed to expand its membership to include China, Russia and other countries, the forum’s chairman, Mario Draghi said on Thursday.

The FSF is made up of central bankers and finance ministers from the main industrialised countries and looks at financial market supervision and surveillance.

“We decided in our meeting to broaden the FSF membership and invite as new members the G20 countries that are not currently in the FSF,” Draghi told a news conference.

Membership has been extended to Argentina, Brazil, China, India, Indonesia, Korea, Mexico, Russia, Saudi Arabia, South Africa and Turkey. Spain and the European Commission are also invited to join.

Reporting by Huw Jones and George Matlock

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