The BIS's Financial Stability Institute Advisory Board

The Financial Stability Institute (FSI) was jointly created in 1998 by the BIS and the Basel Committee on Banking Supervision. The FSI’s main objectives are to: (i) promote sound supervisory standards and practices globally and support full implementation of these standards in all countries; (ii) keep supervisors updated with the latest information on market products, practices and techniques; (iii) provide a venue for policy discussion and sharing of supervisory practices and experiences; and (iv) promote cross-sectoral and cross-border supervisory contacts and cooperation. These objectives are achieved through the production of FSI Insights on policy implementation and other publications, meetings and conferences with senior officials and FSI Connect, the BIS’s web-based learning tool for financial sector supervisors.

The  FSI of the Bank for International Settlements (BIS) assists financial sector authorities worldwide in strengthening their financial systems. Since the beginning of 2017, the FSI has been implementing a new strategy that includes achieving closer interaction with central banks and financial supervisory agencies, which are its main stakeholders. As part of these efforts, the BIS has decided to reactivate the FSI Advisory Board that was originally created in 1998 and ceased to operate some time later.
Strategic advice
The Advisory Board will provide strategic advice to help the FSI continue to meet its mandate in a way that is responsive to the changing needs of its key stakeholders around the world. To achieve this objective, the Advisory Board will comprise a small but diverse group of central bank Governors, heads of financial sector supervision and chairs of standard-setting bodies and regional supervisory groups (see annex for the complete list of Advisory Board members).
Supporting financial sector authorities
Jaime Caruana, BIS General Manager, remarked “The reactivation of the FSI Advisory Board reinforces the BIS’s commitment to supporting financial sector authorities worldwide as they intensify efforts to implement international financial regulatory standards.”
Fernando Restoy, Chair of the FSI, welcomed the participation of senior officials in the Advisory Board and expressed gratitude for their support in keeping the FSI’s work relevant and useful for financial sector authorities worldwide.
Source: https://www.bis.org/