The Financial Stability Forum was created in February 1999 at the initiative of G7 finance ministers and central bank governors. The Forum meets regularly to assess issues and vulnerabilities affecting the global financial system and to identify and oversee the actions needed to address them. Representation is composed of 35 high-level officials from national and international financial institutions. On 20 February 1999 Hans Tietmeyer's proposals to the G7 finance ministers and central bank governors on the global financial architecture were approved. The Financial Stability Forum was set up to strengthen international cooperation and coordination in financial market supervision and surveillance.
Representation is at a high level.