This need for effective coordination is why the G-20 established the FSB in 2009.3 What is the FSB?
The FSB is not only the newest, it is by far the smallest – with only about 25 full-time staff – and probably the least well known of the major international organizations.4 These include such postwar heavyweights as the International Monetary Fund (IMF), the World Bank and the Organisation for Economic Co-operation and Development (OECD).