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2022 CLOSING COMMENTS | Sound Governance for Navigating the Changing Financial Landscape

2022 CLOSING COMMENTS | Sound Governance for Navigating the Changing Financial Landscape

by Klaas Knot

Chair, Financial Stability Board; President, De Nederlandsche Bank and Member, European Systemic Risk Board

May 15, 2022

Compendium
FSBGovernance & MetricsNational Security ConcernsCulture & PerformanceManaging Culture & Conduct for Good GovernanceGlobal Financial Crisis

There is a saying: “lessons in life will be repeated until they are learned”. The lessons of the 2008 global financial crisis led to the creation of the Financial Stability Board (FSB) to coordinate the international responses to address the fundamental weaknesses that the crisis laid bare. These reforms have served the financial system well, as it has shown resilience when it has been confronted in recent years by very different crises.

Nevertheless, challenges remain.

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