Euro zone and Financial Stability Board: Difference between pages

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The collective name for the 19 countries adopting European Monetary Union (EMU) in full.
''Financial markets supervision''.
Sometimes written 'Eurozone', 'eurozone' or 'Euro-zone'.


More formally known as the 'euro area' and more informally as 'euroland'.  
(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 19 countries in the euro area are:


Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
The Board is established to:


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


The nine European Union countries which are not in the euro area are:


Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom (UK).
The FSB consists chiefly of central banks, government departments and other national financial and monetary authorities, international standard setting bodies and other groupings.




====Brexit====
In the event of future crises, the FSB stands ready to coordinate cross-border crisis management.
A referendum in the UK in June 2016 resulted in a vote for the UK to begin the process of leaving the EU.  




== See also ==
== See also ==
* [[Central bank]]
* [[Basel Committee on Banking Supervision]]
* [[Eurobond]]
* [[Basel III]]
* [[European Central Bank]]
* [[EDTF]]
* [[European Financial Stability Facility]]
* [[Moral hazard]]
* [[European Monetary Union]]
* [[Standard Setting Body]]
* [[European Union]]
* [[G20]]
* [[Grexit]]
* [[MCT]]
 
[[Category:Long_term_funding]]

Revision as of 12:42, 30 October 2016

Financial markets supervision.

(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 Board is established to:

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


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