DEFINITION
Financial Stability Board

"Financial Stability Board": (FSB). The Financial Stability Board was established by the G20 to coordinate, at the international level, the work of national financial authorities and international standard setting bodies (SSBs). The Board is established to: (1) Develop and promote the implementation of effective regulatory, supervisory and other financial sector policies, and (2) Thereby promote international financial stability. The FSB consists chiefly of central banks, government departments and other national financial and monetary authorities, international standard setting bodies and other groupings.
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