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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.
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| It is one of the organisations hosted by the [[Bank for International Settlements]] (BIS) in Basel.
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| Its seeks to:
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| * identify and assess potential sources of stress in global financial markets
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| * further understanding of the structure of financial markets and
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| * promote improvements to their functioning and stability.
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| The CGFS also oversees the collection of the BIS international banking and financial statistics.
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| 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.
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| 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.
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Latest revision as of 09:29, 27 July 2023
Summary
Importing files from local file repository