The first prong of our mandate, now a decade old, is to “assess vulnerabilities affecting the global financial system, and identify and review . . . the regulatory, supervisory, and related actions needed to address them . . . .
"4 The FSB’s primary role, and its principal contribution to international financial regulation, is to look forward—to see past the issues and practices of the day, and identify new vulnerabilities, long before they lead to widespread economic distress.