By Raphaël MORENON
16 July 2025
The stability of the global financial system is a major issue, and its ups and downs can affect the real economy and, consequently, businesses and individuals. At the heart of the post-2008 crisis surveillance architecture is a unique institution, the Financial Stability Board (FSB). Although it is less well known to the general public than the IMF or the World Bank, its role in coordinating regulations is decisive. Understanding its origins, remit and influence provides a better understanding of the dynamics shaping today's banking and financial environment. It is part of a complex set of international financial institutions, each working at its own level to ensure global regulation and stability. From the Financial Stability Forum to the FSB: a response to the crisis The creation of the Financial Stability Board is not an isolated event, but the culmination of a gradual realisation of the limits of purely national supervision....
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