In the European Union this goal is pursued mainly through the activity of the Economic and Financial Committee in its Financial Stability Table set-up, comprising representatives from ministries of finance, central banks and the supervisory committees in banking, securities and insurance, as well as the ESCB/Eurosystem.
At the level of the G-10, this goal is pursued by the Financial Stability Forum and other sectoral committees. The globalisation of financial systems also affects the role of central banks in the design of financial regulation and supervision. This role is played by central banks because they either have a direct supervisory responsibility or act in an advisory capacity to governments.