Financial Stability Board
From ACT Wiki
Financial markets supervision.
(FSB).
The Financial Stability Board was established by the G20 to coordinate, at the international level, the work of national financial authorities and international standard setting bodies (SSBs).
The Board is established to:
- Develop and promote the implementation of effective regulatory, supervisory and other financial sector policies, and
- Thereby promote international financial stability.
The FSB consists chiefly of central banks, government departments and other national financial and monetary authorities, international standard setting bodies and other groupings.
In the event of future crises, the FSB stands ready to coordinate cross-border crisis management.
