What Is the Financial Stability Board?

The inaugural meeting of the Financial Stability Board (FSB) was held in the Swiss city of Basel from June 26 to 27. The meeting was attended by 52 high-level representatives from member economies' central banks, regulatory authorities and the Ministry of Finance and 17 representatives from international organizations and international regulatory agencies.

Financial Stability Board

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Financial Stability Board (FSB) inaugural meeting in Swiss cities June 26-27

Global outbreak in 2008

Will strengthen

The Finance Commission was formerly known as

Year 1999,

The following organizations, countries or regions are listed as members of the Financial Stability Board :

2009-2011:

Stable finance should precede the exit mechanism

In the global economic and financial situation, there are many signs that the economy has improved, but the economy and the financial system remain vulnerable.

As financial markets thaw, the global economic recession is showing signs of slowing. In June 2009, the contraction in the manufacturing and services sectors in the Eurozone was the smallest in nine months, while US consumer spending rose in May. The OECD has recently raised its economic forecasts for 30 member countries. This is the first time the agency has raised its economic expectations in two years.

Draghi said that the FSB noted improvements in the global macroeconomic outlook and some financial markets. Banks have increased private sector capital, but restructuring and strengthening bank balance sheets have not been completed. At the same time, the corporate bond market is still issuing strong new bonds.

Similar to the views recently expressed by Lipsky, the first vice president of the International Monetary Fund, Draghi emphasized that the bank's balance sheet should be reorganized and the financing channels such as bank credit and securitization should be strengthened to ensure the sustainable global economy To recover.

Regarding how the market s recent focus on the future will end the exit strategy of fiscal and monetary stimulus, Draghi believes that future policymakers should coordinate the exit strategy, but before tightening monetary policy, the banking system should be repaired and convinced that the economic recovery Sustainable " ^[1] .