Financial Stability Board
The Financial Stability Board is an international body that promotes global financial stability by developing, implementing, and monitoring regulatory, supervisory, and policy frameworks. Working with members that include central banks, ministries of finance, regulatory authorities, and leading international organizations, the FSB coordinates national financial authorities and standard-setting bodies to strengthen resilience across the financial sector. Its mandate is to reduce systemic risks, establish best practices, and ensure consistent regulation worldwide, while responding to emerging challenges in international markets. The FSB is composed of 25 jurisdictions, 24 national financial authorities, 10 international organizations, and six Regional Consultative Groups (RCGs), serving as a central forum for global cooperation and policymaking to build a more secure, transparent, and resilient financial system.
FINANCIAL STABILITY BOARD
The Financial Stability Board is an international body established in 2009 to monitor and make recommendations about the global financial system.
It plays a central role in promoting international financial stability by coordinating national financial authorities and international standard-setting bodies to strengthen regulation, supervision, and resilience across markets.
The FSB brings together key representatives from the European Commission, international standard-setting bodies such as BCBS, IAIS, IOSCO, IASB, and CPMI, as well as major financial organizations including the IMF, World Bank, BIS, OECD, ECB, CGFS, and ECB Banking Supervision.
Its membership includes central banks, finance ministries, and regulatory and supervisory authorities from 25 jurisdictions, along with 10 international organizations and six Regional Consultative Groups (RCGs).
Member jurisdictions include Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Mexico, the Netherlands, Republic of Korea, Russia, Saudi Arabia, Singapore, South Africa, Spain, Switzerland, Turkey, the United Kingdom, and the United States.
FSB MAJOR COMMITTEES
Standing Committee on Assessment of Vulnerabilities (SCAV) – Identifies and evaluates vulnerabilities in the global financial system and proposes policy actions to mitigate potential risks.
Standing Committee on Supervisory and Regulatory Cooperation (SCR) – Focuses on financial stability issues related to the supervision and regulation of financial institutions, markets, and instruments.
Standing Committee on Standards Implementation (SCSI) – Conducts peer reviews of FSB member jurisdictions to assess their compliance with international financial standards and policy frameworks.