Financial Stability Board (FSB) Issues a Toolkit to Strengthen Governance Frameworks
Institutions and supervisors can use the toolkit to mitigate misconduct risk
For the purposes of this toolkit, misconduct can be understood as conduct that falls short of expected standards, including legal, professional, internal conduct and ethical standards. The toolkit provides a set of options based on the shared experience and diversity of perspective of FSB members in dealing with misconduct issues.
Mitigating misconduct risk requires a multifaceted approach. The toolkit identifies 19 tools that firms and supervisors can use to address three overarching issues identified by the FSB.