A representative member body, in which each participant is able to contribute effectively, will improve the FSB’s ability to develop standards and rules that are responsive to the needs of key stakeholders in the global regulatory community, and will lead to greater compliance with global financial standards.
To achieve that resilience, financial regulators focus on vulnerabilities rather than on risks. We identify those vulnerabilities through rigorous monitoring, but they can also be exposed by certain events. Events of all shapes and sizes. Each event, each change, each shock gives us new insights – we learn lessons that help strengthen the stability of the financial system.