What We Do
The Financial Stability Board: Unlocking the Black BoxHigh-Level Panel on the Governance of the Financial Stability Board
High-Level Panel on the Governance of the Financial Stability Board
This High-Level Panel initiative, coordinated by Domenico Lombardi of the Brookings Institution and funded by U.S. Connect, is part of a wider project that brings together three major institutions—the African Economic Research Consortium, New Rules for Global Finance, and the Brookings Institution itself—to examine and promote efforts towards global regulation of the financial system that is effective, inclusive, transparent and accountable.
The objective of this initiative is to set up a High-Level Panel to evaluate the current FSB governance framework, on the basis of standards to be formulated by the Panel itself. These may include, for instance, actual outcomes vis-à-vis the FSB’s own Charter; transparency; arrangements to ensure that access to the FSB for non-financial stakeholders is comparable to that for financial sector stakeholders; the suitability for the FSB of an Independent Evaluation Office similar to the IMF’s IEO; possible constituency or rotational representation for non-represented countries; and relationships with international organizations and forums such as, for instance, the BIS, the IMF and the G20.
Final Report: Recommendations from the High-Level Panel on FSB Governance