Knowledge Base

Which body is responsible for promoting standards for the banking sector in collaboration with the FSB?

The International Organization of Securities Commissions (IOSCO)

The International Association of Insurance Supervisors (IAIS)

The Basel Committee on Banking Supervision (BCBS)

The Committee on Payments and Market Infrastructures (CPMI)

Which body collaborates with the FSB on Early Warning Exercises?

The World Bank

The World Trade Organization (WTO)

The International Monetary Fund (IMF)

The Organisation for Economic Co-operation and Development (OECD)

What was the main reason for the creation of the Financial Stability Board (FSB) in 2009?

To strengthen national banking regulations

To create an effective coordination mechanism after the 2008 crisis

To replace the IMF in its surveillance functions

To standardise global accounting practices

What is the minimum total loss-absorbing capacity (TLAC) required for global systemically important banks?

10% of risk-weighted assets

18% of risk-weighted assets

25% of risk-weighted assets

30% of risk-weighted assets

The FSB has the power to create binding financial standards for its members.

True

False

Decisions within the FSB are made by majority vote.

True

False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Assessment of vulnerabilities affecting the global financial system

Support for cross-border crisis management

Coordination of the work of sectoral standard-setting bodies

Categories:

Prevention

Crisis management

Coordination