The Financial Stability Institute (FSI) is one of the bodies hosted by the
Bank of International Settlements
The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks".
The BIS carries out its work thr ...
(BIS) at its headquarters in
Basel
, french: link=no, Bâlois(e), it, Basilese
, neighboring_municipalities= Allschwil (BL), Hégenheim (FR-68), Binningen (BL), Birsfelden (BL), Bottmingen (BL), Huningue (FR-68), Münchenstein (BL), Muttenz (BL), Reinach (BL), Riehen (BS), ...
,
Switzerland. Established in 1999 by the BIS and the
Basel Committee on Banking Supervision, its primary role is to improve the co-ordination between national
banks
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
regulators
Regulator may refer to:
Technology
* Regulator (automatic control), a device that maintains a designated characteristic, as in:
** Battery regulator
** Pressure regulator
** Diving regulator
** Voltage regulator
* Regulator (sewer), a control dev ...
through holding seminars and acting as a
clearing house
Clearing house or Clearinghouse may refer to:
Banking and finance
* Clearing house (finance)
* Automated clearing house
* ACH Network, an electronic network for financial transactions in the U.S.
* Bankers' clearing house
* Cheque clearing
* Cle ...
for information on regulatory practice.
Purpose
It 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 system
A financial system is a system that allows the exchange of funds between financial market participants such as lenders, investors, and borrowers. Financial systems operate at national and global levels. Financial institutions consist of complex, c ...
s. As a result, its work is concentrated in the regulators of the non-
G-10 nations.
List of chairmans
*
Josef Tosovský, 1 December 2000 – 31 December 2016.
*
Fernando Restoy, 1 January 2017– present.
Publications
The FSI has released 11 occasional papers,
of which two have detailed the expectations of the various global regulators regarding
Basel II
Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. It is now extended and partially superseded by Basel III.
The Basel II Accord was publi ...
implementation in their
jurisdictions.
References
External links
*
The Kids Allowance AppBusiness Advisory ServicesInnovative Financial Solutions
{{Authority control
Financial regulation
International banking institutions
Bank for International Settlements