Committee on the Global Financial System and File:120px-ACT Timeline 2004.png: Difference between pages

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(CGFS).
== Summary ==
 
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The Committee on the Global Financial System monitors developments in global financial markets for central bank Governors.
 
It is one of the organisations hosted by the [[Bank for International Settlements]]  (BIS) in Basel.
 
 
Its seeks to:
* identify and assess potential sources of stress in global financial markets
* further understanding of the structure of financial markets and
* promote improvements to their functioning and stability.
 
 
The CGFS also oversees the collection of the BIS international banking and financial statistics.
 
Originally set up as the Euro-currency Standing Committee in 1971 with a mandate to monitor international banking markets, its focus was the monetary policy implications of growing off-shore deposit and lending markets.
 
Reflecting the turning of attention to financial stability and structural changes in the financial system more broadly, [[G10]] Governors renamed the Committee and revised its mandate in 1999.

Latest revision as of 09:29, 27 July 2023

Summary

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