The Financial Stability Board (FSB) was established to promote financial stability at the international level. As an international forum for national supervisory authorities, the FSB serves as a coordination and exchange platform and develops regulatory and supervisory recommendations for action. For example, in its Country Peer Review of Germany, the FSB concluded that the Financial Stability Committee could improve its communication channels to enable market participants to better understand the macroprudential framework. In addition, the FSB systematically evaluates reforms. For example, it is examining the extent to which reforms to curb the too-big-to-fail problem have worked.
The FSB is also responsible for the international coordination of regulatory and supervisory policies within the financial sector. It also contributes to the smoother exchange of information between the relevant institutions.
The FSB was established in 2009 by the Group of 20 major industrialised and emerging market economies (G20). Germany is represented on the FSB by the Federal Ministry of Finance, the Bundesbank and the Federal Financial Supervisory Authority (BaFin).