4th meeting of the Financial Stability Forum on 7-8 September 2000 in Basel

30 August 2000

Press release

The Financial Stability Forum (FSF) will hold its fourth meeting at the Bank for International Settlements (BIS) in Basel on 7-8 September 2000.

In addition to its regular exchange of views on developments affecting financial stability and on ongoing work by Forum members, the Basel meeting of the FSF will consider a report on possible incentives to foster implementation of international standards to strengthen the financial system, the progress being made in setting out international guidance on deposit insurance schemes, and the implications of e-finance for supervision, regulation and market functioning. The FSF will also review progress in implementing the recommendations of the reports on highly leveraged institutions, capital flows, and offshore financial centres that were endorsed by the Forum at its March meeting in Singapore.

The international press is invited to attend a press briefing by the Chairman of the FSF on Friday 8 September following the meeting. The press briefing will be held at 15:30 at the BIS.

The FSF was created in February 1999 by G7 Finance Ministers and central bank Governors to promote international financial stability through enhanced information exchange and international cooperation in financial market supervision and surveillance. It brings together on a regular basis national authorities responsible for financial stability in significant international financial centres, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts. The FSF is chaired by Andrew Crockett, General Manager of the Bank for International Settlements, in a personal capacity.

For further information on the FSF, its membership and previous FSF meetings please visit the FSF web site at www.fsforum.org.


(1) These include senior officials from G-7 countries as well as Australia, Hong Kong SAR, the Netherlands and Singapore.