The Financial Stability Board (FSB) has been established to address vulnerabilities and to develop and implement strong regulatory, supervisory and other policies in the interest of financial stability.
What's New
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Latest publications On 9 January 2010, the FSB launched a peer review on compensation and announced its framework for strengthening adherence to international standards. Peer review on compensation and invitation for feedback The FSB has launched a peer review of implementation of the FSB Principles for Sound Compensation Practices and their Implementation Standards. The review template was developed to collect from national authorities information to be used as a basis for the review, along with any feedback that financial institutions and other stakeholders may wish to provide to the FSB by 1 February 2010. Framework for strengthening adherence to international standards Under this framework, the FSB will foster a race to the top. FSB member jurisdictions will lead by example and undergo periodic peer reviews. The FSB is finalising procedures to encourage all countries and jurisdictions to raise their level of adherence to international cooperation and information exchange standards. On 7 November 2009, the FSB published four reports submitted to G20 Finance Ministers and Central Bank Governors meeting in St Andrews: Progress in implementing the G20's recommendations for strengthening financial stability This report provides an overview of progress since the G20 Leaders Summit in September 2009. Exit from extraordinary financial sector support measures This note reviews policies to withdraw from exceptional financial support measures. It includes a report by the staffs of the International Association of Deposit Insurers and the International Monetary Fund on strategies to unwind temporary deposit insurance arrangements. Guidance to assess the systemic importance of financial institutions, markets and instruments: This report by the IMF, Bank for International Settlements and FSB responds to a request made by the G20 Leaders in April 2009 to develop guidance on this subject for use by national authorities. The financial crisis and information gaps This report by the staff of the IMF and the secretariat of the FSB sets forth proposals for strengthening data collection to better capture the build-up of risk in the financial sector, improve data on international financial network connections, monitor the vulnerability of domestic economies to shocks, and improve the communication of official statistics. |