Overview and Mandate
Name:Financial Stability Board
The FSB brings together national authorities responsible for financial stability in significant international financial centres,
international financial institutions, sector-specific international groupings of regulators and supervisors, and committees
of central bank experts.
- National Authorities Responsible for Financial Stability
- International Financial Centres
- International Financial Institutions
- Financial Regulators
- Financial Supervisors
- Central Bank Experts
- Mark Carney: The FSB is chaired by Mark Carney, Governor of the Bank of Canada.
- Bank for International Settlements: Its Secretariat is located in Basel, Switzerland, and hosted by the Bank for International Settlements.
- Members of the FSB: As obligations of membership, members of the FSB commit to pursue the maintenance of financial stability, maintain the openness
and transparency of the financial sector, implement international financial standards (including the 12 key International
Standards and Codes), and agree to undergo periodic peer reviews, using among other evidence IMF/World Bank public Financial
Sector Assessment Program reports. The FSB, working through its members, seeks to give momentum to a broad-based multilateral
agenda for strengthening financial systems and the stability of international financial markets. The necessary changes are
enacted by the relevant national financial authorities.
- World Bank