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Financial Stability Board: Mandate and Implementation of Its Systemic Risks Standards

Author

Listed:
  • Rolf H. Weber

    (Institute of Law, University of Zurich, Raemistrasse 74/38, Zurich 8001, Switzerland)

  • Dominic N. Staiger

    (Institute of Law, University of Zurich, Raemistrasse 74/38, Zurich 8001, Switzerland)

Abstract

The aim of this essay is to provide an overview of the Financial Stability Board’s (FSB) mandate and tools to safeguard financial stability and reduce systemic risks based on the methodological perspective of a legal analysis. It examines some of the recommendations that the FSB has published, with the aim of enhancing financial stability. In the second part of the paper, the complex problems that arise from implementing soft law recommendations, and the discretion granted to regulatory authorities, are discussed.

Suggested Citation

  • Rolf H. Weber & Dominic N. Staiger, 2014. "Financial Stability Board: Mandate and Implementation of Its Systemic Risks Standards," IJFS, MDPI, vol. 2(1), pages 1-21, February.
    • Handle: RePEc:gam:jijfss:v:2:y:2014:i:1:p:82-102:d:33547
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    References listed on IDEAS

    as
    1. Barry Eichengreen, 2011. "Out-of-the-Box Thoughts about the International Financial Architecture," Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 13, Edward Elgar Publishing.
    2. Godfrey, Brian & Golden, Brian, 2012. "Measuring Shadow Banking in Ireland using Granular Data," Quarterly Bulletin Articles, Central Bank of Ireland, pages 82-96, October.
    3. Brian Godfrey & Brian Golden, 2013. "Measuring shadow banking in Ireland using granular data," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the Sixth IFC Conference on "Statistical issues and activities in a changing environment", Basel, 28-29 August 2012., volume 36, pages 51-67, Bank for International Settlements.
    4. Menno Broos & Krit Carlier & Jan Kakes & Eric Klaaijsen, 2012. "Shadow Banking: An Exploratory Study for the Netherlands," DNB Occasional Studies 1005, Netherlands Central Bank, Research Department.
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