On December 10, 2021, it was announced that Lael Brainard, the current Governor of the US Federal Reserve Board, was appointed for a two-year term as Chair of the Financial Stability Board’s (FSB) Standing Committee on Assessment of Vulnerabilities (SCAV). Brainard succeeds Klaas Knot, President of De Nederlandsche Bank, who served as Chair of SCAV since September 2016. The SCAV “monitors and assesses vulnerabilities in the global financial system and proposes to the FSB Plenary actions needed to address them.” These assessments spotlight macro-financial vulnerabilities stemming from structural flaws within the financial system.

More information on the SCAV appointment is available here.