April 2, 2008 – 12:59 pm
- Institution: Financial Stability Forum
- Abbreviation: FSF
- Type: Public
- Founded: 1999
- Members Total: 26 Countries with their Finance Ministers, Central Bank Governors and Heads of Supervision Authorities plus several international bodies
- Membership in: none
- Membership of:International Financial Institutions (IMF, Worldbank, BIS, OECD), International Standard Setting, Regulatory and Supervisory Groupings (BCBS, IASB, IAIS, IOSCO), Committees of Central Bank Experts, CPSS, CGFS, European Central Bank
- Description: The Financial Stability Forum (FSF) was convened in April 1999 to promote international financial stability through information exchange and international co-operation in financial supervision and surveillance. The Forum brings together on a regular basis 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. The FSF seeks to co-ordinate the efforts of these various bodies in order to promote international financial stability, improve the functioning of markets, and reduce systemic risk.
- Working Group:The FSF does not have permanent working groups. However, ad hoc working groups have analysed particular issues in greater detail, including the operation of highly leveraged institutions, capital flows, implementation of standards, offshore financial centres, large and complex financial institutions and deposit insurance.
- Outreach:
- Four FSF-Asian-Pacific Regional Meetings with China, India, Korea, Malaysia, New Zealand, Pakistan, Philippines and Thailand
- Four FSF Latin-American Regional Meetings with Argentina, Brazil, Chile, Columbia, Costa Rica, Mexico, Peru, Spain, and Venezuela (only 2nd and 3rd Forum)
- FSF Central- and Eastern-European Regional Meetings with Bulgaria, Czech Republic, Hungary, Poland, Russia, Slovakia, Slovenia, Turkey, Ukraine
- FSF European Regional Meeting with Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, Hungary, Iceland, Israel, Latvia, Lithuania, Norway, Poland, Russia, Sweden, Turkey
- FSF African Regional Meeting with Algeria, Botswana, Ghana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Nigeria, South Africa, Tanzania, Zambia, Zimbabwe
- Reporting to: G7 Finance Ministers and Central Bank Governors, International Monetary and the Financial Committee of the IMF.
- Website: www.fsforum.org
- Highest Organ: Plenary Meeting
- Chair: Mario Draghi, Governor of the Banca d’Italia
- Seat: Basel
- Function: Central body to coordinate central banks, supervision authorities and finance ministers.
- Standards: The FSF has developed reference tools like the Compendium of Standards, a list of key economic and financial standards that are important for sound, stable and well functioning financial systems; the Financial Supervision Training Directory; and a Crisis Management Contact List.
Topics of this post:
basel,
central banks,
finance ministers,
financial architecture,
financial stability,
financial stability forum,
fsf,
g7,
mario draghi,
Organisations,
public,
supervision authorities
See also
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