FSB's predecessor 'failed miserably' ahead of crisis – Andresen

Secretary general says FSF failed to act on known risks surrounding resolution and securitisations

photo of the basel committee headquarters
Looking to 2016: the FSB will address key areas of the financial system

The Financial Stability Forum (FSF), the forerunner to the Financial Stability Board (FSB), "failed miserably" in its mandate to address known vulnerabilities that made the global financial crisis worse, says Svein Andresen, secretary general of both bodies.

Between 2000 and 2007, members of the FSF discussed many potential weak spots, including complicated securitisations and the difficulties of winding up large and complex financial institutions, which later proved particularly disruptive.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here