In collaboration with the international financial institutions, the FSB will address vulnerabilities affecting financial systems in the interests of global financial stability.
The G20 Leaders at the Pittsburgh Summit endorsed the Charter formally establishing the Financial Stability Board (FSB).
In April 2009 the G20 Leaders agreed that the former Financial Stability Forum (established in 1999) be re-launched as the FSB, with a broadened mandate to promote financial stability, expanded membership, stronger institutional basis and enhanced capacity. The re-launched FSB began work to address its mandate immediately following the Summit on the basis of the G20 Leaders’ April agreement. The Charter endorsed by G20 Leaders today in Pittsburgh formally establishes the FSB and sets out its objectives, mandate, membership and organisational processes.
The Objectives of the FSB are to coordinate at an 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 interests of global financial stability.
© Financial Stability Board
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