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Financial Stability Board should concentrate on genuinely systemic risks, review finds

Summary by WTVB
LONDON, Oct 14 (Reuters) - The Financial Stability Board, the global watchdog for financial risks, should be more selective in prioritising new work ​and focus on vulnerabilities that are genuinely ‌cross-border, cross-sectoral and systemic, a review o...

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Lean Right

This body, set up by the G20 in 2009, responsible for monitoring the risks to the system, reported that the proposed principles are based on the idea that financial stability is the basis for sustainable economic growth, which in turn strengthens financial stability.

·Lisboa, Portugal
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The Financial Stability Council (FSB) today proposed to the financial authorities eight principles to modernise the supervision of banking institutions, after some countries have criticized the constraints to economic growth resulting from capital and liquidity requirements.

·Portugal
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WTVB broke the news on Wednesday, October 14, 2026.
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