The aim of this essay is to provide an overview of the Financial Stability Board’s (FSB) mandate and tools to safeguard financial stability and reduce systemic risks based on the methodological perspective of a legal analysis. It examines some of the recommendations that the FSB has published,...

This article argues that while the system of international financial standards developed following especially the Asian financial crisis is a significant development in response to the risks of financial globalization, it in fact merits a higher level of attention, design, and formalization....