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RESERVE BANK OF AUSTRALIA

Financial Stability Board

The Financial Stability Board (FSB) was formed in April 2009 as the re-establishment of the Financial Stability Forum (FSF), which had existed since 1999. The FSB has a mandate to assess the vulnerabilities affecting the financial system, identify and oversee action to address them, and promote co-operation and information sharing among authorities responsible for financial stability.

The membership of the FSB, which is wider than the FSF, comprises the following countries and international organisations:

FSB Members
Countries International Organisations
* Original FSF member
Argentina Bank for International Settlements*
Australia* Basel Committee on Banking Supervision*
Brazil Committee on the Global Financial System*
Canada* Committee on Payment and Settlement Systems*
China European Central Bank*
France* European Commission
Germany* International Association of Insurance Supervisors*
Hong Kong* International Accounting Standards Board*
India International Monetary Fund*
Indonesia International Organization of Securities Commissions*
Italy* Organisation for Economic Coordination and Development*
Japan* World Bank*
Korea  
Mexico  
The Netherlands*  
Russia  
Saudi Arabia  
Singapore*  
South Africa  
Spain  
Switzerland*  
Turkey  
United Kingdom*  
United States of America*  

Previously, the FSF membership comprised national authorities from the G7 countries, central bank representatives from Australia, Hong Kong, the Netherlands, Singapore and Switzerland, as well as international financial institutions, international regulatory and supervisory groupings, committees of central bank experts and the European Central Bank. The FSF was established by the G7 finance ministers and central bank governors in 1999 to promote international financial stability through enhanced information exchange and international co-operation in financial market supervision and surveillance.