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FSI – Financial Stability Institute

kasi — Wed, 02 Apr 2008 16:39:19 +0000

Institution: Financial Stability Institute
Abbreviation: FSI
Type: Public
Founded: 1999
Members Total: not applicable
Membership in: not applicable
Membership of: not applicable
Description: The Bank for International Settlements and the Basel Committee on Banking Supervision jointly created the Financial Stability Institute (FSI) in 1999 to assist financial sector supervisors around the world in improving and strengthening their financial systems.
Working Group: not applicable
Outreach: Regional seminars are organised jointly by the FSI and regional supervisory groups in various locations around the world. The topics for each workshop are chosen by the FSI in close consultation with the heads of the regional groups. Participation in these workshops is limited to delegates from the organisations represented on the regional supervisory group.
Reporting to: BIS
Website:www.bis.org/fsi/aboutfsi.htm
Highest Organ:
Chair: not applicable
Seat: Basel
Function: Scientific Advisory to the BIS
Standards: not applicable

Topics of this post: basel, bis, financial architecture, financial stability, fsi, Organisations, public, scientific advisory

IFC – Irving Fisher Committee on Central Bank Statistics

kasi — Wed, 02 Apr 2008 16:38:18 +0000

Institution: Irving Fisher Committee on Central Bank Statistics
Abbreviation: IFC
Type: Public
Founded: 1997
Members Total: 61 Central Banks, Centre for Latin American Monetary Studies (CEMLA), Central American Monetary Council (SECMCA)
Membership in: Institute of International Statistics (ISI)
Membership of:
Description: The Irving Fisher Committee on Central Bank Statistics (IFC) is a forum of central bank economists and statisticians, as well as others who want to participate in discussing statistical issues of interest to central banks. The IFC is established and governed by the international central banking community and operates under the auspices of the Bank for International Settlements (BIS). It is associated with the International Statistical Institute (ISI).
Working Group:
Outreach:
Reporting to:
Website:www.bis.org/ifc/
Highest Organ: Executive
Chair: Mr Jan Smets, Director at the National Bank of Belgium and alternate Board member of the BIS
Seat: Basel
Function:
Standards:

Topics of this post: basel, bis, central banks, financial architecture, ifc, irving fisher commitee, Organisations, public, scientific advisory

CGFS – Committee on the Global Financial System

kasi — Wed, 02 Apr 2008 16:34:37 +0000

Institution: Committee on the Global Financial System
Abbreviation: CGFS
Type: Public
Founded: 1971
Members Total:
Membership in: FSF
Membership of: ECB
Description: The Committee has a mandate to identify and assess potential sources of stress in global financial markets, to further the understanding of the structural underpinnings of financial markets, and to promote improvements to the functioning and stability of these markets.
Working Group: Financial stability and local currency bond markets, Institutional investors, global savings and asset allocation, Housing finance in the global financial market
Outreach: –
Reporting to: G10
Website:http://www.bis.org/about/factcgfs.htm
Highest Organ: –
Chair: Donald L Kohn, Vice Chairman of the Board of Governors of the Federal Reserve System
Seat: Basel
Function: Monitors developments in global financial markets for the central bank Governors of the G10 countries.
Standards: –

Topics of this post: basel, central banks, cgfs, donald l. kohn, ecb, financial architecture, financial stability, fsf, g10, Organisations

CPSS – Committee on Payment and Settlement System

kasi — Wed, 02 Apr 2008 16:33:29 +0000

Institution: Committee on Payment and Settlement System
Abbreviation: CPSS
Type: Public
Founded:
Members Total:
Membership in: FSF
Membership of: ECB
Description:
Working Group: Sub-Group on Foreign Exchange Settlement Risk, Working group on clearing and settlement arrangements for OTC derivatives, Working group on system interdependencies
Outreach: The Committee has developed relationships with many non-CPSS central banks in order to help strengthen payment systems globally. This involves a number of different activities including participation by some of the central banks in certain of the Committe
Reporting to: G10
Website:http://www.bis.org/cpss
Highest Organ:
Chair: Timothy F Geithner, President and Chief Executive Officer of the Federal Reserve Bank of New York.
Seat: Basel
Function:To monitor and analyse developments in domestic payment, settlement and clearing systems as well as in cross-border and multicurrency systems. The Committee also focuses on standard-setting activities.
Standards:

Topics of this post: basel, bis, cpss, ecb, financial architecture, fsf, g10, Organisations, settlements

IADI – International Association of Deposit Insurers

kasi — Wed, 02 Apr 2008 16:31:33 +0000

Institution: International Association of Deposit Insurers
Abbreviation: IADI
Type: Public
Founded: 2000
Members Total: 50 (Member Directory)
Membership in:
Membership of:
Description:
The International Association of Deposit Insurers (IADI) is a separate legal entity domiciled at the Bank for International Settlements in Basel, Switzerland. IADI was created following the work of the study and working groups on deposit insurance (1999 – 2001) by the Financial Stability Forum to consider the usefulness of setting out guidance and then to develop approaches to help policymakers design and improve the effectiveness of deposit insurance systems.

The objectives of the Association are to contribute to the stability of financial systems by promoting international cooperation in the field of deposit insurance and to encourage wide international contact among deposit insurers and other interested parties. In particular, the Association aims to:
- enhance the understanding of common interests and issues related to deposit insurance;
- set out guidance to enhance the effectiveness of deposit insurance systems, with such guidance taking into account different circumstances, settings and structures;
- facilitate the sharing and exchange of expertise on deposit insurance issues through training, development and educational programmes;
- provide advice on the establishment or enhancement of effective deposit insurance systems.
Working Group:
Outreach: Regional Committees for Africa, Asia, Eurasia, the Caribbean and Latin America
Reporting to: FSF
Website:www.iadi.org
Highest Organ: General Meeting of Members
Chair: Jean Pierre Sabourin, President and Chief Executive Officer of the Canada Deposit Insurance Corporation
Seat: Basel
Function:
Standards: Core Principles for Effective Deposit Supervision

Topics of this post: basel, bis, central banks, deposit insurance, financial architecture, financial stability, fsf, iadi, insurance, Organisations, public

JF – Joint Forum

kasi — Wed, 02 Apr 2008 16:27:30 +0000

Institution: Joint Forum
Abbreviation: JF
Type: Public
Founded: 1996
Members Total: 3
Membership in:
Membership of: BCBS, IOSCO, IAIS
Description:
Working Group: Risk Assessment and Capital; Conglomerate Supervision; Customer Suitability.
Outreach:
Reporting to:
Website:http://www.bis.org/bcbs/jointforum.htm
Highest Organ: The Joint Forum usually meets three times per year.
Chair: John C Dugan, Comptroller of the Currency, United States
Seat: Basel
Function: To discuss regulation on financial conglomerates.
Standards:

Topics of this post: basel, bcbs, bis, conglomerates, financial architecture, financial regulation, iais, iosco, jf, Organisations, public

BCBS – Basel Committee on Banking Supervision

kasi — Wed, 02 Apr 2008 16:26:19 +0000

Institution: Basel Committee on Banking Supervision
Abbreviation: BCBS
Type: Public
Founded: 1974
Members Total: 13
Membership in: FSF, JF
Membership of:
Description: The Basel Committee on Banking Supervision is forum for regular cooperation on banking supervisory matters. Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. It seeks to do so by exchanging information on national supervisory issues, approaches and techniques, with a view to promoting common understanding.
The Committee uses this common understanding to develop guidelines and supervisory standards in areas where they are considered desirable. In this regard, the Committee is best known for its international standards on capital adequacy; the Core Principles for Effective Banking Supervision; and the Concordat on cross-border banking supervision.
Working Group: Accord Implementation Group, Policy Development Group, Accounting Task Force, International Liaison Group
Outreach: The Committee maintains links with supervisors not directly participating in the committee with a view to strengthening prudential supervisory standards in all the major markets.
Reporting to: G10
Website:http://www.bis.org/bcbs
Highest Organ:
Chair: Nout Wellink, President of the Netherlands Bank.
Seat: Basel
Function:
Standards: Basel I, Basel II

Topics of this post: banking supervision, basel, bis, central banks, financial architecture, financial regulation, fsf, jf, Organisations, public

BIS – Bank for International Settlements

kasi — Wed, 02 Apr 2008 16:23:30 +0000

Institution: Bank for International Settlements
Abbreviation: BIS
Type: Public
Founded: 1930
Members Total: 55
Membership in: FSF
Membership of: ECB
Description: The Bank for International Settlements (BIS) is an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks. The BIS fulfils this mandate by acting as:
- a forum to promote discussion and policy analysis among central banks and within the international financial community
- a centre for economic and monetary research
- a prime counterparty for central banks in their financial transactions
- agent or trustee in connection with international financial operations
Working Group:
Outreach:
Reporting to:
Website:www.bis.org
Highest Organ: General Meeting
Chair: Jean-Pierre Roth (Chairman of the Governing Board of the Swiss National Bank)
Seat: Basel (Head office), Two representative offices in the Hong Kong Special Administrative Region of the People’s Republic of China and in Mexico City.
Function: Banker of Central Banks
Standards: not applicable

Topics of this post: basel, bis, central banks, financial architecture, Organisations, public

G10 – Group of Ten

kasi — Wed, 02 Apr 2008 15:39:39 +0000

Institution: Group of 10
Abbreviation: G10
Type: Public
Founded: 1964
Members Total: 11
Membership in:
Membership of: BIS, OECD, European Commission, IMF
Description: The Group of Ten is made up of eleven industrial countries (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States) which consult and co-operate on economic, monetary and financial matters. The Ministers of Finance and Central Bank Governors of the Group of Ten usually meet once a year in connection with the autumn meetings of the Interim Committee of the International Monetary Fund. The Deputies of the Group of Ten meet as needed, but usually between two and four times a year. Ad hoc committees and working parties of the Group of Ten are set up as needed.
The Group of Ten (G-10) refers to the group of countries that have agreed to participate in the General Arrangements to Borrow (GAB), a supplementary borrowing arrangement that can be invoked if the IMF’s resources are estimated to be below member’s needs. The GAB was established in 1962, when the governments of eight IMF members—Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, and the United States—and the central banks of two others, Germany and Sweden, agreed to make resources available to the IMF for drawings by participants, and, under certain circumstances, for drawings by nonparticipants. The GAB was strengthened in 1964 by the association of Switzerland, then a nonmember of the Fund, but the name of the G-10 remained the same.
Working Group:
Outreach:
Reporting to:
Website:http://www.bis.org/publ/g10.htm
Highest Organ: Minister and Governors Meeting
Chair:
Seat: Basel
Function:
Standards:

Topics of this post: basel, bis, central banks, ec, finance ministers, financial architecture, g10, imf, oecd, Organisations, public

FSF – Financial Stability Forum

kasi — Wed, 02 Apr 2008 10:59:00 +0000

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