BANKING AFFAIRS

Detailed explanation-1: -The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system . It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum (FSF).

Detailed explanation-2: -Meaning of the FSB in English abbreviation for Financial Stability Board: a world organization that advises on safer financial and banking practices: The FSB recently published reports on the implementation of regulatory reforms for strengthening financial stability.

Detailed explanation-3: -This savings fund is a unique recurring deposit plan that lets you invest systematically over a period of time and makes you a millionaire on maturity. Any Resident or NRI customer can open the Millionaire FSF (Federal Savings Fund) deposit.

Detailed explanation-4: -More specifically, the FSB was established to: Assess vulnerabilities affecting the global financial system as well as to identify and review, on a timely and ongoing basis within a macroprudential perspective, the regulatory, supervisory and related actions needed to address these vulnerabilities and their outcomes.

Detailed explanation-5: -The Financial Stability Board is the global body which gives recommendations and monitors the global financial system. Financial Stability Forum (FSF) was the predecessor of the financial stability board.