Published by Zeb BhamMervyn King's ambitions to stabilise the pound and introduce reforms that will help to avoid another financial crisis will require strong political support at both a national and international level.Such is the claim of Tracy Corrigan, columnist and assistant editor of the Telegraph, who has claimed that the Bank of England governor suggestion this week that the International Monetary Fund and the G20 group should be merged may fall on deaf ears."Unless governments have the political will to create a mechanism to tackle the entrenched economic and financial flaws in the system, Doomsday will indeed come round again soon," she declared.Elsewhere, the paper's economics editor Edmund Conway responded to recent suggestions that a new global currency exchange akin to Bretton Woods will be the answer to instability in international markets, adding that a super-currency will be no panacea and will need to be accompanied by wholesale international regulatory reform if it is to have any positive impact.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site