Financial Stability Institute
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| Abbreviation | FSI |
|---|---|
| Formation | 1999 |
| Founder | Bank of International Settlements and Basel Committee on Banking Supervision |
| Founded at | Basel, Switzerland |
| Purpose | Co-ordination between national banks and financial regulators |
| Location | |
Region served | Worldwide |
| Products | Co-ordination between national financial regulators, Publishing papers on the financial system |
Parent organization | Bank of International Settlements |
| Website | www |
The Financial Stability Institute (FSI) is one of the bodies hosted by the Bank of International Settlements (BIS) at its headquarters in Basel, Switzerland.
Established in 1999 by the BIS and the Basel Committee on Banking Supervision, its primary role is to improve the co-ordination between national banks regulators through holding seminars and acting as a clearing house for information on regulatory practice.
History
The FSI was set up in response to the East Asian financial crisis of 1997, as the result of a perceived weakness in co-ordination between national regulators in matters of training and general understanding of financial systems.[1] As a result, its work is concentrated in the regulators of the non-G-10 nations.[2]
Chairmans
- Josef Tosovský, 1 December 2000 – 31 December 2016.[3]
- Fernando Restoy, 1 January 2017– present.[4]
