Financial Stability Board

The Financial Stability Board coordinates the ongoing development and promotion of measures to enhance stability between sector-specific standard-setting bodies. It helps national authorities to implement effective regulatory and supervisory measures and also acts as the interface between sector-specific standard-setting bodies and the G20.

The Financial Stability Board (FSB) brings together authorities responsible for financial stability, central banks of the most significant financial centres, relevant international organisations and sector-specific standard-setting bodies.

The FSB's mandate is to:

  • assess and address vulnerabilities affecting the financial system;
  • promote coordination and information exchange;
  • monitor market developments and their implications for regulatory policy;
  • advise on and monitor best practice in meeting regulatory standards;
  • undertake strategic reviews and coordinate sector-specific standard-setting bodies;
  • set guidelines for and support the establishment of supervisory colleges;
  • support contingency planning for cross-border crisis management;
  • collaborate with the International Monetary Fund (IMF) to conduct Early Warning Exercises.

Members of the FSB undertake to seek permanent financial stability, maintain the openness and transparency of the financial sector, implement international regulatory standards and participate in periodic peer reviews.

Switzerland is a member of the FSB. The Swiss National Bank (the SNB) and the State Secretariat for International Financial Matters (SIF) represent Switzerland on the FSB's main committees. FINMA works closely with the SNB and SIF on FSB matters and represents Switzerland on the FSB's Standing Committee on Regulatory and Supervisory Cooperation. FINMA is also represented in a number of FSB working groups.