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 banks regulators through holding seminars and acting as a clearing housefor 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.
The FSI has released 11 occasional papers, of which two have detailed the expectations of the various global regulators regarding Basel II implementation in their jurisdictions.
- ^A speech John G. Heimann on the role of the FSI
- ^“Press release: BIS appoints new Chairman of the Financial Stability Institute”. bis.org. 31 October 2000. Retrieved 21 May 2016.
- ^“Fernando Restoy appointed Chair of the Financial Stability Institute of the Bank for International Settlements” (PDF). bde.es. Banco de España. 29 July 2016. Retrieved 29 July 2016.
- ^“Financial Stability Institute (FSI) publications”. bis.org. Retrieved 21 May 2016.