The IMF, World Bank and key regulatory agencies like the Bank for International Settlements (BIS) based in Basel should establish internationally agreed codes of best practices on monetary, financial and fiscal policy and corporate governance.
The European Central Bank cut key interest rates to an all-time low of 0.50% on Thursday.
Meanwhile, the European Central Bank left its key interest rate unchanged at a record low of 0.75 percent.
Traders were also awaiting a European Central Bank press briefing after the central bank left its key interest rates unchanged.
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Last month, India's central bank cut its key interest rate to 7.75% from 8%, the first such move in nine months.
But PWC could not begin work on the second audit because key bank personnel were not available and certain information could not be located.
Lunt said his clients are worried about the financial health of major regional employers, which include two big banks: National City and Key Bank.
The local markets opened higher but fell immediately after the central bank reduced its key lending rate by a quarter of a percentage point.
The U.K.'s central bank cut its key interest rate to 3.0%, from 4.5%, on Thursday, far exceeding many economists' expectations for a 75- or 100-basis-point cut.
U.S. stocks are now turning higher this morning after the European Central Bank cut its key interest rate by a quarter percentage to 1% in an effort to boost the economy.
In an effort to offset slower global growth and stimulate the domestic economy, Australia's central bank lowered its key interest rate from 4.25% at the start of last year to 3% in December.
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With the increase in the European Central Bank's key interest rate to 4.0% from 3.75% a foregone conclusion, investors were far more attentive to the degree of hawkishness in comments by Jean-Claude Trichet, the ECB president.
He remains chairman of the investment bank, a key source of growth for the company, and he will take over for Thomson as head of wealth management until a successor for Krawcheck in the chief financial officer role is found.
India's central bank cut its key lending rate by a quarter of a percentage point to help revive economic expansion, but it warned that higher inflation and a wide current-account deficit may leave little room for further easing.
Mr Browne said the BBA, which was in charge of collating the data used to set Libor - a key bank lending rate which became discredited after revelations of manipulation by banks - would do everything it could to fix the issue.
US-born Mr Diamond was head of Barclays Capital, its investment bank division, when its staff were trying to manipulate the key inter-bank rates.
Befriending the bank staff, who believed he was a successful diamond trader, he gained their trust and acquired a key to the bank's vault.
The Riksbank, Sweden's central bank , raised its key interest rate by a quarter point, to 3%.
The market place, overall, remains quieter as traders and investors await key central bank meetings in the coming days.
The European Central Bank has cut its key interest rate by one half of one percentage point, in 17 months.
"We can't dismiss it entirely, " said Bruce McCain, chief investment strategist at Cleveland's Key Private Bank, referring to the Dow Theory.
Only recently have the inflation levels eased below 4%, prompting the Chinese central bank to cut its key lending rate in June.
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Bruce McCain, chief investment strategist at Key Private Bank says that consumers are spending 60% of what they normally spend during an economic recovery.
In Europe, the Stoxx Europe 600 jumped 1% on continued hopes that the European Central Bank will cut its key interest rate later this week.
The London markets were closed for a holiday Monday, and traders and investors are awaiting key central bank meetings, which helped keep the market place quiet.
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The market place is quieter to start the new trading week, as the London markets are closed for a holiday, and as traders and investors await key central bank meetings.
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In overnight news, the Bank of England kept its key interest rates unchanged, which was expected.
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This involved day-to-day rigging of Barclays' submission to the mechanism that sets this key inter-bank interest rate.
The central bank has also expanded a key stimulus measure aimed at keeping long term interest rates low.
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