2  BIS central bankers’ speeches  •  Because the FSB is a creation of the G-20 Leaders, it has the weight of the G-20 behind it. The G-20 provides direction and receives regular progress updates from the FSB on the financial reform agenda. This close working relationship gives the FSB the political leverage it needs to be effective.
On this basis, OFT arrived at the conclusion that any charge exceeding the monetary threshold of £ may not be fair and tenable. It is estimated that the consumers had paid £ million more than what was reasonable last year.