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

Rolf H. Weber and Dominic N. Staiger
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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

IJFS, 2014, vol. 2, issue 1, 1-21

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.

Keywords: best practices; compliance; FSB; soft law; systemic risks (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2014
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