At the height of the international financial crisis and following the G-20 summit in London in 2009, a new body—the Financial Stability Board (FSB)—was established to formulate and oversee the implementation of regulatory, supervisory and other financial sector policies. The FSB acts as a convening forum for national authorities responsible for financial stability in significant financial centers, central bankers, international financial institutions, sector-specific international groupings of regulators and supervisors, and standard-setting organizations.
Despite the importance of this recently-established organization, there is extremely limited knowledge as to how the FSB operates and is governed. Against this background, the objective of this website is to examine and promote efforts towards an effective, inclusive, transparent and accountable global regulation of the financial system.
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This initiative, coordinated by Domenico Lombardi of the Brookings Institution and funded by U.S. Connect, is part of a wider project that brings together three major institutions—the African Economic Research Consortium, New Rules for Global Finance, and the Brookings Institution itself—to examine and promote efforts towards global regulation of the financial system that is effective, inclusive, transparent and accountable.