Has the Financial Stability Board (FSB) achieved its objectives in practice?

By Pierre-Louis Mouchel

After the sub-prime crisis, economists recommended establishing a global financial authority, modeled on the WTO, with broad cooperation and effective enforcement mechanisms. Thus, to respond to the economic urgency in terms of financial regulation, the G20 created the Financial Stability Board (FSB) in April 2009 in London.

Moreover, there was a real desire among G20 leaders to build a more robust and more stable institution. One can see this evidence by the willingness at the 2011 G20 meeting to establish the FSB "on an enduring organizational basis." It was first and foremost a desire to strengthen the capacity and governance of the FSB. Compared to the FSF, the FSB was given a responsibility to the States' political leaders, giving it greater authority in terms of global economic governance. But has the FSB achieved its objectives in practice ?

• Format: Paperback
• Language: English
• ISBN: B0B92HRM83
• ISBN13: 9798846392854
• Release Date: August 2022
• Publisher: Independently Published
• Length: 38 Pages
• Weight: 0.14 lbs.
• Dimensions: 0.1" x 6.0" x 9.0"