Financial Stability Board and Global Economy Meeting: Difference between pages

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''Financial markets supervision''.
The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular [[Bank for International Settlements]] (BIS) bimonthly meetings.


(FSB).


The Financial Stability Board was established by the G20 to coordinate, at the international level, the work of national financial authorities and international standard setting bodies (SSBs).
The two main roles of the Meeting are to:


- monitor and assess developments in the world economy and the global financial system.


The Board is established to:
- provide guidance to, and receive reports from, the Basel-based central bank committees: the [[Committee on the Global Financial System]] (CGFS), [[Committee on Payments and Market Infrastructures]] (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the [[Markets Committee]].


# Develop and promote the implementation of effective regulatory, supervisory and other financial sector policies, and
# Thereby promote international financial stability.


The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP and meetings are observed by Governors from several other central banks.


The FSB consists chiefly of central banks, government departments and other national financial and monetary authorities, international standard setting bodies and other groupings.


In the event of future crises, the FSB stands ready to coordinate cross-border crisis management.
==See also==
 
* [[Central bank]]
 
* [[EM]]
== See also ==
* [[Gross domestic product]]
* [[Basel Committee on Banking Supervision]]
* [[Basel III]]
* [[EDTF]]
* [[Moral hazard]]
* [[Standard Setting Body]]
* [[G20]]
* [[MCT]]

Revision as of 10:52, 29 July 2021

The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular Bank for International Settlements (BIS) bimonthly meetings.


The two main roles of the Meeting are to:

- monitor and assess developments in the world economy and the global financial system.

- provide guidance to, and receive reports from, the Basel-based central bank committees: the Committee on the Global Financial System (CGFS), Committee on Payments and Market Infrastructures (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the Markets Committee.


The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP and meetings are observed by Governors from several other central banks.


See also

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