The FSB is an unusual combination of international standard-setting bodies (including those mentioned above) and a range of national authorities responsible for financial stability: treasury departments and ministries of finance, central banks, and financial supervisory agencies. 2 Major international organizations such as the BIS and the International Monetary Fund (IMF) also participate.
3 At the request of the G-20 in April 2009, the Financial Stability Forum's name was changed to the Financial Stability Board, its membership was expanded to add the emerging market countries from the G-20, and its mandate was strengthened. The financial crisis has underscored the importance of the original motivation for creating what is now the FSB.