The Financial Stability Board (FSB) is an international organisation in the financial sector. It monitors the global funancial system, and make recommendation on how it can be improved. It was established at the G20 summit in London, in April 2009. The idea at the summit was to improve a solution that existed already, the Financial Stability Forum (FSF). The Financial Stability board is organised as an association: All G20 states, all participants of the FSF and the European Commission are members of this association. The board is hosted and funded by the Bank for International Settlements in Basel, Switzerland.