Q. Consider the following statements about Financial Stability Board:
It is based in London
It has succeeded Financial Stability Forum
Its members are only G-20 Countries
Which among the above statements is/ are correct?
Answer: Only 2
Notes: The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the 2009 G-20 London summit in April 2009 as a successor to the Financial Stability Forum. The Board includes all G-20 major economies, FSF members, and the European Commission. It is based in Basel, Switzerland