Financial Stability Board

With reference to the Financial Stability Board (FSB), consider the following statements:

  1. It was established in 2006 as the successor to the Financial Stability Forum (FSF).
  2. India is an active Member of the FSB having three seats in its Plenary represented by Secretary (EA), Deputy Governor-RBI and Chairman-SEBI.

Which of the above statement(s) is/are correct?

A
Only 1
B
Only 2
C
Both 1 and 2
D
None of the above