During his first day in Berlin, the Minister of Finance, Luis Caputo, is having a meeting this afternoon with Marl Carney, Chairman of the FSB and Governor of the Bank of England. Later, the Minister of Finance will have dinner together with the representatives of the different countries before the Board which controls the stability of the financial system within the context of the G20.
Tomorrow, the Minister of Finance will hold a meeting to address FSB Governance issues and the renewal of the membership of the Regional Consultative Groups. Within the context of this meeting, the Chair of the FSB Nominations Committee, Jens Weidmann, will report on the process to identify a new Secretary General.
In addition, Caputo will attend the Standing Committee on Assessment of Vulnerabilities (SCAV) and the Early Warning Exercise (EWE) to discuss vulnerabilities affecting the global financial system and supervisory practices in G20 jurisdictions in the area of cybersecurity.
Friday morning, Caputo will describe before the FSB the planned priority themes under the finance track of the Argentine G20 Presidency. In addition, work on monitoring of risks from FinTech, policies regarding asset management and the progress level on the reforms of the international financial system will be addressed.
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. The FSB promotes international financial stability; it does so by coordinating national financial authorities and international standard-setting bodies as they work toward developing strong regulatory, supervisory and other financial sector policies. Embedded in the FSB’s structure is a framework for the identification of systemic risk in the financial sector, for framing the policy sector policy actions that can address these risks, and for overseeing implementation of those responses.