financial stability board extends klaas knot's term until june

The search for a successor to Klaas Knot as chair of the Financial Stability Board has been delayed, as his term has been extended until June 30.

Originally scheduled to end on December 1, Knot will now continue in his position until he retires as governor of the Dutch central bank, completing his maximum two terms.

This decision was made to allow for a more thorough selection process in appointing a new leader who can effectively navigate the complexities of global finance.

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