Financial Stability Institute
The Financial Stability Institute (FSI), is one of the bodies hosted by the Bank of International Settlements (BIS) at its headquarters in Basel. Established in 1999 by the BIS and the Basel Committee on Banking Supervision, its primary role is to improve the co-ordination between national Bank Regulators through holding seminars and acting as a clearing house for information on regulatory practice. 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 systems. As a result, its work is concentrated in the regulators of the non-G-10 nations. Its current Chairman is John G. Heimann.[citation needed]
Publications
The FSI has released a total of 6 occasional papers[1], of which 2 have detailed the expectations of the various global regulators regarding Basel II implementation in their jurisdictions.
References
- http://www.bis.org/fsi/ The FSI Website
- http://www.bos.frb.org/economic/conf/conf44/cf44_11.pdf A Speech John G. Heimann on the role of the FSI
