More NewsG20 Endorses FSB’s Charter to Promote Financial Stability

G20 Endorses FSB's Charter to Promote Financial Stability

The G20 leaders at the Pittsburgh Summit endorsed the Charter to formally establish the Financial Stability Board (FSB).

In April 2009, the G20 leaders agreed that the former Financial Stability Forum will be re-launched as the FSB, with a broadened mandate to promote financial stability, expanded membership, stronger institutional basis and enhanced capacity. The Charter sets out its objectives, mandate, membership and organisational processes.

The FSB’s objective is to co-ordinate at the international level the work of national financial authorities and international standard setting bodies (SSBs) in order to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies. In collaboration with the international financial institutions, the FSB will address vulnerabilities affecting financial systems in the interest of global financial stability.

Mario Draghi, governor of the Bank of Italy, chairs the FSB. Its secretariat is located in Basel, Switzerland, and hosted by the Bank for International Settlements.

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

3m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

3m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi