Financial Stability Board
Share
The Financial Stability Board (FSB) is an international body that promotes global financial stability and coordinates the regulation and supervision of the global financial system. It was established in 2009 in response to the global financial crisis and operates as a forum for cooperation among national authorities and international standard-setting bodies.
Identifying and assessing systemic risks: The FSB monitors and assesses vulnerabilities and risks to the global financial system. It identifies potential threats and imbalances that could have systemic implications and works to mitigate those risks.
Developing and promoting financial standards: The FSB promotes the development and implementation of internationally agreed standards and policies for the financial sector. It works closely with standard-setting bodies, such as the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions, to establish robust and consistent regulatory frameworks.
Policy coordination and cooperation: The FSB fosters international cooperation and coordination among national authorities and international organisations. It facilitates the exchange of information and best practices, supports policy dialogue, and encourages consistent policy implementation across jurisdictions.
Assessing and addressing systemically important institutions: The FSB identifies systemically important financial institutions and develops policies to enhance their resilience and reduce the risks they pose to the global financial system. It works to ensure that these institutions are subject to appropriate regulation, supervision, and resolution frameworks.
Monitoring and peer reviews: The FSB conducts assessments and peer reviews of its member jurisdictions to evaluate the implementation of agreed policies and standards. It assesses the effectiveness of regulatory and supervisory frameworks, identifies areas for improvement, and promotes adherence to international standards.
Crisis management and resolution: The FSB promotes effective crisis management and resolution frameworks to address financial distress and potential failures of financial institutions. It encourages the development of resolution regimes that can facilitate the orderly resolution of cross-border institutions without disrupting the stability of the financial system.
The FSB is composed of representatives from central banks, finance ministries, and regulatory authorities from various countries, as well as international organisations. It collaborates with other international bodies, such as the International Monetary Fund and the World Bank, to address global financial stability challenges and promote the resilience of the international financial system.
Identifying and assessing systemic risks: The FSB monitors and assesses vulnerabilities and risks to the global financial system. It identifies potential threats and imbalances that could have systemic implications and works to mitigate those risks.
Developing and promoting financial standards: The FSB promotes the development and implementation of internationally agreed standards and policies for the financial sector. It works closely with standard-setting bodies, such as the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions, to establish robust and consistent regulatory frameworks.
Policy coordination and cooperation: The FSB fosters international cooperation and coordination among national authorities and international organisations. It facilitates the exchange of information and best practices, supports policy dialogue, and encourages consistent policy implementation across jurisdictions.
Assessing and addressing systemically important institutions: The FSB identifies systemically important financial institutions and develops policies to enhance their resilience and reduce the risks they pose to the global financial system. It works to ensure that these institutions are subject to appropriate regulation, supervision, and resolution frameworks.
Monitoring and peer reviews: The FSB conducts assessments and peer reviews of its member jurisdictions to evaluate the implementation of agreed policies and standards. It assesses the effectiveness of regulatory and supervisory frameworks, identifies areas for improvement, and promotes adherence to international standards.
Crisis management and resolution: The FSB promotes effective crisis management and resolution frameworks to address financial distress and potential failures of financial institutions. It encourages the development of resolution regimes that can facilitate the orderly resolution of cross-border institutions without disrupting the stability of the financial system.
The FSB is composed of representatives from central banks, finance ministries, and regulatory authorities from various countries, as well as international organisations. It collaborates with other international bodies, such as the International Monetary Fund and the World Bank, to address global financial stability challenges and promote the resilience of the international financial system.
