Understanding FSB: Global Financial Stability Guardian.

The Financial Stability Board (FSB) is an essential international organization formed in 2009, following the global financial crisis of 2008. Headquartered in Basel, Switzerland, the FSB serves as a key player in global financial governance.

Its membership comprises influential representatives from 24 countries, central banks, regulatory authorities, and major international financial bodies such as the International Monetary Fund (IMF) and World Bank.

The FSB’s primary role is to assess and monitor risks and vulnerabilities in the global financial system. It works to harmonize regulatory frameworks and promotes effective best practices across major financial centers, thereby enhancing global financial stability and resilience.