Financial Stability Board (FSB)
The Financial Stability Board (FSB) was established in February 1999 as the Financial Stability Forum (FSF) by the ministers of finance and central bank governors of the G7 based on proposals by Hans Tietmeyer, then the president of the Bundesbank. The G20 summit in April 2009 then established the FSB with a broader mandate and an extended circle of members. The FSB is tasked with identifying any vulnerabilities in the international financial system and proposing and monitoring implementation of any action needed to address them. In this context, the FSB coordinates regulatory and supervisory policy in financial sector issues at an international level and promotes cooperation and information exchange among the relevant authorities.
The FSB's members comprise central banks, finance ministries and supervisory authorities from the G20 countries as well as Hong Kong, the Netherlands, Spain, Singapore and Switzerland, the European Central Bank, the European Commission and all committees and organisations with a major role in global financial stability analysis and regulatory debate. In addition, the FSB has now also extended exchange with numerous other countries. The FSB thus plays a pivotal role in the international debate on financial stability. The Bundesbank contributes its analyses and positions to the debate.