The Financial Stability Board (FSB) brings together authorities responsible for financial stability, central banks of the most significant financial centres, relevant international organisations and sector-specific standard-setting bodies.
The FSB's mandate is to:
Members of the FSB undertake to seek permanent financial stability, maintain the openness and transparency of the financial sector, implement international regulatory standards and participate in periodic peer reviews.
Switzerland is a member of the FSB. The Swiss National Bank (the SNB) and the State Secretariat for International Finance (SIF) represent Switzerland on the FSB's decision-making committees. FINMA works closely with the SNB and SIF on FSB matters and represents Switzerland on the FSB's Standing Committee on Regulatory and Supervisory Cooperation. FINMA is also represented in a number of FSB working groups.