FSB relaunches global surveillance framework

Bank for International Settlements, Basel
Photo: BIS

The Financial Stability Board unveiled a revamped surveillance framework on September 30, aiming to be more systematic about identifying and tackling global risks.

The framework focuses on the “accumulation of imbalances” in the global financial system, rather than specific shocks that may trigger crises. It is designed to explore risks over various time horizons, including those that are current, those that may “become material” in two to three years, and those that could grow over a longer

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