Knowledge Base

← Describe the role and functions of the Financial Stability Board (FSB) within the international regulatory framework
mcq

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

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