The Financial Stability Institute (FSI) is one of the bodies hosted by the Bank of International Settlements (BIS) at its headquarters in Basel, Switzerland.
| 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 |
Purpose
editEstablished 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
editThe 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
edit- Josef Tosovský, 1 December 2000 – 31 December 2016.[3]
- Fernando Restoy, 1 January 2017– present.[4]
Publications
editThe FSI has released 11 occasional papers,[5] of which two have detailed the expectations of the various global regulators regarding Basel II implementation in their jurisdictions.
See also
editReferences
edit- ^ "Market Analysis, Trade Execution and Risk Management". Retrieved 2024-06-22.
- ^ "A speech John G. Heimann on the role of the FSI" (PDF). Archived from the original (PDF) on 2012-10-19. Retrieved 2006-10-28.
- ^ "Press release: BIS appoints new Chairman of the Financial Stability Institute". bis.org. 31 October 2000. Retrieved 21 May 2016.
- ^ "Fernando Restoy appointed Chair of the Financial Stability Institute of the Bank for International Settlements" (PDF). bde.es. Banco de España. 29 July 2016. Retrieved 29 July 2016.
- ^ "Financial Stability Institute (FSI) publications". bis.org. Retrieved 21 May 2016.