The Financial Stability Board (FSB) and the G20 have emphasized their ongoing collaboration to enhance the resilience of the global financial system. Their joint efforts focus on identifying vulnerabilities, developing policies, and monitoring their implementation to ensure that international financial markets remain stable.
The FSB works closely with G20 members to address systemic risks and improve regulatory frameworks. By coordinating responses to emerging threats, both organizations aim to prevent disruptions that could affect economies worldwide.
"The FSB’s mandate is to promote international financial stability by coordinating national financial authorities and international standard-setting bodies as they work toward developing strong regulatory, supervisory and other financial sector policies," an FSB spokesperson stated. "We also monitor and make recommendations about the global financial system in order to strengthen its resilience."
Recent initiatives include reviewing existing regulations, enhancing information sharing among member countries, and conducting stress tests on major financial institutions. These measures are designed to detect weaknesses early and respond promptly.
Ongoing dialogue between the FSB and G20 ensures that policy actions are aligned with broader economic objectives. The two bodies regularly assess market developments, adapt strategies as needed, and support implementation at the national level.
This collaborative approach aims to foster a more robust international financial environment capable of withstanding future shocks.