Back مجلس الإستقرار المالي Arabic Борд за финансова стабилност Bulgarian Financial Stability Board Danish Financial Stability Board German Consejo de Estabilidad Financiera Spanish هیئت ثبات مالی Persian Financial Stability Board Finnish Conseil de stabilité financière French वित्तीय स्थिरता बोर्ड Hindi Financial Stability Board ID

Financial Stability Board

Financial Stability Board
AbbreviationFSB
FormationApril 2009
Legal statusSwiss association
HeadquartersBasel, Switzerland
Chair
Klaas Knot
Secretary General
John Schindler
AffiliationsBank for International Settlements
G20
Staff (2017)
33
Websitewww.financialstabilityboard.org Edit this at Wikidata
Formerly called
Financial Stability Forum (FSF)

The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established in the 2009 G20 Pittsburgh Summit as a successor to the Financial Stability Forum (FSF). The Board includes all G20 major economies, FSF members, and the European Commission. Hosted and funded by the Bank for International Settlements, the board is based in Basel, Switzerland,[1] and is established as a not-for-profit association under Swiss law.[2]

The FSB represented the G20 leaders' first major international institutional innovation. U.S. Treasury Secretary Tim Geithner has described it as "in effect, a fourth pillar" of the architecture of global economic governance, alongside the International Monetary Fund, World Bank, and the World Trade Organization.

Unlike some other multilateral financial institutions, the FSB lacks a treaty basis and formal power, and relies instead on an informal and nonbinding memorandum of understanding for cooperation adopted by its members.[3]

  1. ^ "Contact". 24 September 2014.
  2. ^ "Organisational Structure and Governance". 22 October 2020.
  3. ^ Cite error: The named reference brookings was invoked but never defined (see the help page).
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