The Financial Stability Board (FSB) is an international body for the global financial system, has placed India in the league of countries that are compliant or largely compliant on the implementation of priority area reforms. In which among the following year FSB was established?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Financial Stability Board (FSB) is an international body for the global financial system, has placed India in the league of countries that are ‘compliant or largely compliant’ on the implementation of priority area reforms. In which among the following year FSB was established?

A	2001
B	2009
C	2003
D	2015

Explanation:

Detailed explanation-1: -FSB assesses financial stability risks of decentralised finance. Report provides an overview of the main features and vulnerabilities of Decentralised Finance (DeFi), assesses potential financial stability risks and draws policy implications.

Detailed explanation-2: -FSB was established in 2009 under the aegis of G20 by bringing together the national authorities, standard setting bodies and international financial institutions for addressing vulnerabilities and developing and implementing strong regulatory, supervisory and other policies in the interest of financial stability.

Detailed explanation-3: -The Framework The Standing Committee on Assessment of Vulnerabilities (SCAV), which is the FSB’s main mechanism for identifying and assessing risks in the financial system.

Detailed explanation-4: -The FSB promotes global financial stability by coordinating the development of regulatory, supervisory and other financial sector policies and conducts outreach to non-member countries. It achieves cooperation and consistency through a three-stage process.

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