Financial Stability Board
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum (FSF). The Board includes all G20 major economies, FSF members, and the European Commission. Hosted and funded by the Bank for International Settlements, the board is based in Basel, Switzerland, and is established as not-for-profit association under Swiss law.The FSB represented the G20 leaders' first major international institutional innovation. U.S. Treasury Secretary Tim Geithner has described it as "in effect, a fourth pillar" of the architecture of global economic governance. The FSB has been assigned a number of important tasks, working alongside the International Monetary Fund, World Bank, and the World Trade Organization. Unlike most multilateral financial institutions, the FSB lacks a legal form and any formal power, given that its charter is an informal and nonbinding memorandum of understanding for cooperation adopted by its members.
Excerpt from the Wikipedia article Financial Stability Board (License: CC BY-SA 3.0, Authors).Financial Stability Board
Nauenstrasse, Basel St. Alban
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Geographical coordinates (GPS)
Latitude | Longitude |
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N 47.5481 ° | E 7.5918 ° |
Address
Bank für Internationalen Zahlungsausgleich (BIZ)
Nauenstrasse
4002 Basel, St. Alban
Basel-City, Switzerland
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