Financial Stability Board

The Financial Stability Board (FSB) is an international organization established to coordinate the work of national financial authorities and international standard-setting bodies in order to develop and implement policies in the interest of financial stability. It was created in 2009 as a successor to the Financial Stability Forum, which had been established in 1999 following the Asian financial crisis.

The FSB brings together senior representatives from central banks, financial regulators, and treasury departments from G20 member countries, as well as representatives from major international financial institutions and standard-setting bodies. Its primary functions include assessing vulnerabilities affecting the global financial system, identifying and overseeing regulatory and supervisory issues, and promoting coordination and information-sharing among financial authorities.

The organization has played a central role in the post-2008 financial crisis regulatory reform agenda, including the development of Basel III banking standards, oversight of systemically important financial institutions, and monitoring of shadow banking. The FSB reports directly to the G20 Leaders and Finance Ministers, making it a key player in global financial governance and macroprudential policy.