The Financial Stability Forum is meeting in Paris in France today to " assess potential risks and vulnerabilities in the international financial system and initiatives to address them".

The FSF will also discuss developments in risk transfer markets and in the hedge fund sector. It will review developments in other areas of interest, including international standard setting practices, international accounting and auditing matters, offshore financial centres, and contingency planning for avian flu.
The official objective of the FSF’s regional meetings 'is to promote wider exchanges of views on financial vulnerabilities and the work underway nationally and internationally to address them'.
The FSF was criticised by the offshore financial centres when it allied itself with the OECD and its Financial Action Task Force in what was seen as
" unfair persecution of the OFCs (unfairly, as they saw it) for 'un-cooperative' behaviour in controlling money-laundering, and lack of transparency.
A press release will be issued to the international media at the close of the meeting.