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Int. J. Financial Stud. 2014, 2(1), 82-102; doi:10.3390/ijfs2010082
Article

Financial Stability Board: Mandate and Implementation of Its Systemic Risks Standards

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Received: 3 December 2013 / Revised: 13 January 2014 / Accepted: 7 February 2014 / Published: 28 February 2014
(This article belongs to the Special Issue The Future of Banking Regulation and Financial Stability)
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Abstract

The aim of this essay is to provide an overview of the Financial Stability Board’s (FSB) mandate and tools to safeguard financial stability and reduce systemic risks based on the methodological perspective of a legal analysis. It examines some of the recommendations that the FSB has published, with the aim of enhancing financial stability. In the second part of the paper, the complex problems that arise from implementing soft law recommendations, and the discretion granted to regulatory authorities, are discussed.
Keywords: best practices; compliance; FSB; soft law; systemic risks best practices; compliance; FSB; soft law; systemic risks
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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Weber, R.H.; Staiger, D.N. Financial Stability Board: Mandate and Implementation of Its Systemic Risks Standards. Int. J. Financial Stud. 2014, 2, 82-102.

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Int. J. Financial Stud. EISSN 2227-7072 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert