Vatican called for world central bank, “a supranational authority with universal jurisdiction"

 2-25-13     The BIS/FSB’s member institutions include the central banks of the G20, as well as the International Monetary Fund (IMF), World Bank, the European Central Bank (ECB), the Organisation for Economic Co-operation and Development (OECD), and several International standard-setting bodies and other groupings, such as the Committee on the Global Financial System (CGFS), which is also headquartered with the BIS in Basel and is chaired by William C Dudley (CFR), president and chief executive officer of the Federal Reserve Bank of New York.

   The cooperative push by both the Russian Financial Stability Board and global banking Insiders’ FSB for what they call “International Financial Architecture Reform” has in common the effort to transform the International Monetary Fund into a global Federal Reserve, with vast new powers. This cooperative effort mystifies many observers. “How could these seemingly opposite forces be working for a common goal?” they ask. Those who are stumped by this seemingly incongruous collaboration obviously are not familiar with the history of the IMF and the 1944 United Nations Monetary and Financial Conference at Bretton Woods that produced the IMF, the World Bank, and much of the current “architecture” that is responsible for the economic chaos and destruction visited upon our planet since the Second World War.    -W. Jasper

https://www.thenewamerican.com/economy/economics/item/14617-putin’s-kgb-fsb-converging-with-new-imf-banking-fsb

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~2013       To prevent the resumption of the world crisis it is important to strengthen financial regulation.  One of the G20's main tasks is to solve this problem by providing the Financial Stability Board (FSB) with favorable conditions to carry out its reforms. The FSB will lead a group of international standard setting bodies in an effort to address the following topics:

- Monitoring of Basel III implementation among its members;
- Adoption of the methodology for the selection of, and apply a supervisory regime to, domestic systemically important financial institutions (D-SIFIs);
- Promotion of shadow banking regulation;
- Development of the global legal entity identifier (LEI) system;
- Reduction of mechanistic reliance on Credit Rating Agency (CRA) ratings;
- Completion of the over-the-counter derivatives reform;
- Completion of the FSB transformation into a full-fledged international organization and specification of its internal governance rules and procedures.

The working plan will be closely linked to the key G20 events and the current FSB activities. By the G20 Saint Petersburg Summit we expect to have in place:

- The institutionalization process for FSB; (etc.)    http://en.g20russia.ru/docs/g20_russia/outline

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10-24-2011    The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions...“Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority” from Vatican's Justice & Peace Dept. was at times very specific, calling, for example, for taxation measures on financial transactions....It called for the establishment of “a supranational authority” with worldwide scope and “universal jurisdiction” to guide economic policies and decisions.  Such an authority should start with the United Nations as its reference point  http://uk.reuters.com/article/2011/10/24/vatican-economy-idUKL5E7LO1LS20111024