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Financial Stability Board Charter

Published online by Cambridge University Press:  27 February 2017

Chris Brummer*
Affiliation:
Georgetown University Law Center

Abstract

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Type
International Legal Documents
Copyright
Copyright © American Society of International Law 2012

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References

Endnotes

1 Financial Stability Board Charter art. 23, June 19,2012, available at http://www.financialstabilityboard.org/publications/r_120809.pdf [hereinafter Financial Stability Board Charter]; see also Financial Stability Board Charter art. 16, Sep. 25. 2009, available at http://www.fmancialstabilityboard.org/publications/r_090925d.pdf [hereinafter Original Financial Stability Board Charter].

2 G-20 London Summit, Declaration on Strengthening the Financial System (Apr. 2, 2009), http://g20.org/images/stories/canalfinan/docs/uk/08deps.pdf.

3 For an in depth treatment of this architecture, see generally Chris Brummer, Soft Law and the Global Financial System (2012).

4 In November 2008, the G-20 asked the IMF and the Financial Stability Board (“FSB”) to collaborate on regular Early Warning Exercises (“EWEs”), which “assesses low probability but high impact risks to the global economy and identifies policies to mitigate them. It integrates macroeconomic and financial perspectives on systemic risks, drawing on a range of quantitative tools and broad-based consultations.” See Int’l Monetary Fund [IMF], Factsheet: IMF-FSB Early Warning Exercise (Sept. 12,2012), http://www.imf.org/exter-nal/np/exr/facts/ewe.htm.

5 See Financial Stability Board Charter, supra note 1, art. 18.

6 Ahdieh, Robert B., Imperfect Alternatives: Networks, Salience, and Institutional Design in Financial Crisis, 79 U. Cin. L. Rev. 527, 549 (2010)Google Scholar.

7 Helleiner, Eric, The Limits of Incrementalism: The G20, FSB and the International Regulatory Agenda, 2 J. Glob. Dev. 1 (2012)Google Scholar.

8 Financial Stability Board, Report to the G20 Los Cabos Summit on Srengthening FSB Capacity, Resources, and Governance (June 12,2012), http://www.financialstabilityboard.org/publications/r_ 120619c.pdf [hereinafter High Level Report].

9 See Financial Stability Board Charter, supra note 1, art. 4.

10 See High Level Report, supra note 8.

11 See Financial Stability Board Charter, supra note 1, art. 20.

12 See id. arts. 14-17

13 See id. art. 13.

14 See id. art. 2.

15 See id. ¶ 5.