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Financial Stability Forum

 

Financial Stability Forum

The Financial Stability Forum (FSF) was a group consisting of major national financial authorities such as

  • fsforum.org - main website
  • April 2008 "Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience"
  • List of FSF press releases, at BIS website.

External links

  1. ^ Genesis of the FSF, FSF website.
  2. ^ fsforum.org, main website.
  3. ^ FSF:Who we are.
  4. ^ http://www.fsforum.org/press/pr_090312b.pdf
  5. ^ a b Financial Stability Forum meets in Rome, 29 March 2008, Press release, Website of Bank for International Settlements

References

  • Strengthened prudential oversight of capital, liquidity and risk management
  • Enhancing transparency and valuation
  • Changes in the role and uses of credit ratings
  • Strengthening the authorities' responsiveness to risks
  • Robust arrangements for dealing with stress in the financial system [1]

On April 12, 2008 the FSF delivered a report to the G7 Finance Ministers which details out its recommendations for enhancing the resilience of the financial markets and financial institutions. These are in five areas:

At this meeting, the FSF discussed a report to be delivered to sovereign wealth funds (SWFs). The IMF is working closely with SWFs to identify a set of voluntary best practice guidelines, and is focusing on the governance, institutional arrangements and transparency of SWFs.[5]

The Financial Stability Forum met in Rome on 28–29 March 2008 in connection with the Bank for International Settlements. Members discussed current challenges in financial markets, and various policy options to address them from this point forward.[5]

Meetings and actions

[4]. The FSB includes members of the G20 who were not members of FSF.Financial Stability Board decided to establish a successor to the FSF, the 2009 G-20 London summit At the G20 summit on November 15, 2008 it was agreed that the membership of the FSF will be expanded to include emerging economies, such as China. The [3]

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