Financial Stability Forum (FSF) – The FSF was convened on 14 April 1999 in Washington. Its members are the G-7 countries, Australia, Singapore, Hong Kong, Netherlands, and some international financial and regulatory institutions. It’s an international watchdog identifying the crucial flaws in the international financial system, which may lead to regional or worldwide crises. Other tasks of the organization are to develop financial crises prevention policy and oversee its implementation.