The Financial Stability Board ( FSB), released their report, “FSB Financial Stability Surveillance Framework” to review vulnerabilities including global, cross-border, and cross-sectoral perspectives, and identify and address current and emerging risks to financial stability.
The framework includes four key principles:
- “Focus on vulnerabilities that may have implications for global financial stability;
- scan vulnerabilities systematically and with a forward-looking perspective, while preserving flexibility;
- recognize differences among countries; and
- leverage the comparative advantages of the FSB while avoiding duplication of work.”
More information on the FSB Financial Stability Surveillance Framework is available here.