| answer text |
<p>The Financial Stability Board (FSB) works to establish and promote the implementation
of effective financial sector policies that build financial stability at the international
level. The FSB monitors and assesses vulnerabilities affecting the global financial
system and proposes actions needed to address them. One of the ways it does this is
through the semi-annual joint early warning exercise in conjunction with the IMF.</p><p>
</p><p> </p><p> </p><p>The risks raised by the FSB tend to be relevant to the UK,
as a global financial centre. In his role as Chairman, the Governor of the Bank of
England keeps G20 Finance Ministers, including the Chancellor of the Exchequer, updated
on the activities of the FSB.</p><p> </p>
|
 |
