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In 15 years, the Financial Stability Board has become the “guardian” of global financial stability
[En 15 ans, le Conseil de stabilité financière est devenu le « gardien » de la stabilité financière mondiale]

Author

Listed:
  • Clément Bourgey
  • Camille Riesi
  • Inès Rispal

Abstract

Since its creation in April 2009, the Financial Stability Board (FSB) has undeniably contributed to making the global financial system more resilient. The institution’s credibility has grown over the years, as a result in particular to the operating methods that have enabled it to carry out rigorous and innovative work, and to establish “rules of the game” that foster a harmonised implementation across sectors and jurisdictions. In the current context of unprecedented challenges that know no borders, such as the changes linked to the digitalisation of finance and the financial risks associated with climate change, it is even more important for the FSB to maintain a strong commitment to risk monitoring and prevention, particularly within the G20 framework. Depuis sa création en avril 2009, le Conseil de stabilité financière (CSF, ou FSB en anglais) a indéniablement contribué à rendre le système financier mondial plus résilient. L’institution a gagné en crédibilité au fil des années, en particulier grâce à des modalités d’action qui lui ont permis de réaliser des travaux rigoureux et novateurs, et d’établir des « règles du jeu » favorisant une application harmonisée entre secteurs et juridictions. La préservation d’un engagement fort du CSF dans le suivi et la prévention des risques, notamment dans le cadre du G20, s’avère encore plus nécessaire dans le contexte actuel d’apparition d’enjeux inédits qui ne connaissent pas de frontières, tels que les mutations liées à la numérisation de la finance et les risques financiers tenant au changement climatique.

Suggested Citation

  • Clément Bourgey & Camille Riesi & Inès Rispal, 2024. "In 15 years, the Financial Stability Board has become the “guardian” of global financial stability [En 15 ans, le Conseil de stabilité financière est devenu le « gardien » de la stabilité financièr," Bulletin de la Banque de France, Banque de France, issue 254.
  • Handle: RePEc:bfr:bullbf:2024:254:02
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