The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum. The FSB includes senior policymakers from finance ministries, central banks, and G20 countries ' supervisory and regulatory bodies, as well as four other main economic centres – Hong Kong, Singapore, Spain, and Switzerland. It also involves global bodies, including standard-setters and regional bodies, such as the European Central Bank and the European Commission. The FSB monitors and reports to the G20 on the implementation and impacts of agreed economic reforms. The G20 promotes the policy agenda of the FSB on a regular basis and promotes the implementation of agreed international standards.