Financial Stability Board
International coordinating body for global financial stability
The Financial Stability Board (FSB) was established by the G20 in 2009 in the wake of the financial crisis. Its mandate consists of promoting international financial stability by coordinating regulatory, supervisory and other financial sector measures. The FSB brings together national authorities responsible for financial stability (central banks, supervisory authorities, finance ministries), international organisations and standard-setting bodies.
The SNB represents Switzerland together with the Federal Department of Finance (FDF) in the FSB Plenary. The SNB is also a member of the Steering Committee and the Standing Committee on Assessment of Vulnerabilities. In the other committees (Standing Committee on Supervisory and Regulatory Cooperation, Standing Committee on Standards Implementation, Standing Committee on Budget and Resources) and working groups, Switzerland's representation is shared between the Swiss Financial Market Supervisory Authority (FINMA), the FDF and the SNB, who collaborate closely to formulate Switzerland's position.
Risks in the financial system
The FSB assesses risks in the financial system and the appropriate measures to address such risks. In this context, the FSB has been involved in a number of financial system reforms.