The Financial Stability Forum was a group consisting of major national financial authorities such as finance ministries, central bankers, and international financial bodies. Where is the headquarters of Financial Stability Forum?

BANKING GENERAL KNOWLEDGE

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

A	Beijing
B	Vienna
C	New York
D	Basel

Explanation:

Detailed explanation-1: -The Financial Stability Forum (FSF) was a group consisting of major national financial authorities such as finance ministries, central bankers, and international financial bodies. It was first convened in April 1999 in Washington.

Detailed explanation-2: -The Financial Stability Board is headquartered in Basel, Switzerland. It is funded by the Bank for International Settlements. The Board includes the European Commission and all major G20 economies.

Detailed explanation-3: -The Financial Stability Forum was convened by the G7 Finance Ministers and Central Bank Governors in April 1999 to promote international financial stability through information exchange and international co-operation in financial supervision and surveillance.

Detailed explanation-4: -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-5: -The FSB is hosted and funded by the Bank for International Settlements under a five-year agreement executed between the two in January 2013. The bank bears the majority of the FSB’s operating expenses, and the FSB does not have any assets, liabilities, or revenue.

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