Financial Stability Board (FSB)
Since 2007, Switzerland has been a member of the FSB (known as Financial Stability Forum until April 2009) (www.financialstabilityboard.org). The Federal Department of Finance and the Swiss National Bank each have one representative on the FSB. The FSB combines in a single body the national authorities responsible for financial stability, international financial institutions, international groups representing regulatory and oversight authorities, and the central banks’ committees of experts. Membership in the FSB enables Switzerland to strengthen cooperation and coordination in the oversight of the international financial system, and contribute to reducing systemic risks. It also gives Switzerland the opportunity to actively participate in the international dialogue on the early identification of issues relevant to stability, in particular in the areas of financial market regulation and supervision, and international financial systems.