Financial Stability Board (FSB)

The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system to promote stability. Established in 2009, it brings together central banks, finance ministries, and international organizations to identify and address potential risks to financial stability. The FSB aims to improve regulation and oversight of financial institutions to prevent crises, ensure transparency, and enhance cooperation among countries. Its work helps maintain confidence in the global economy and protects against financial shocks that can impact everyday people's lives.