It is established in 2009, has headquarters at Basel, Switzerland. G20 initiated the establishment of the Financial Stability Board. India is a member country.
Objectives:
1.Promote international financial stability
2.Coordinate at the international level of work of national financial authorities and standard-setting bodies
3.Develop and promote effective regulatory, supervisory and other financial sector policies
4.Monitor implementation of G20 reforms post-2008 global financial crisis.
Key areas of FSB focus:
1.Crypto-assets regulation and stablecoins
2.Systemically important financial institutions
3.Cybersecurity and operational resilience
4.Climate-related financial disclosures
5.Cross-border resolution frameworks
Important Reports by FSB:
1.Global Monitoring Report on Non-Bank Financial Intermediation
2.Annual report to the G20
3.Progress report on Climate-related Financial disclosures
4.Assessment or risks from crypto-assets
