Annual operating expenses fall 2.8 percent to CHF 15.2 million
PricewaterhouseCoopers AG issued an unqualified audit opinion on the Financial Stability Board's financial statements for the year ended March 31, 2026. Total operating expenditure fell 2.8 percent to CHF 15.21 million across the period.
Personnel costs drive lower outlays
Total operating expenditure for the financial year ended March 31, 2026, decreased by 2.8 percent to CHF 15.211 million from CHF 15.642 million in the prior period.
Management and staff costs accounted for CHF 13.806 million, reflecting basic salaries of CHF 11.385 million, pension charges of CHF 1.794 million, and health insurance of CHF 484,000. Other administrative expenses increased to CHF 1.405 million, including CHF 641,000 for staff travel, CHF 741,000 for general operations, and CHF 23,000 for audit fees.
Funding was largely provided by the Bank for International Settlements (BIS) at CHF 14.932 million, while the International Monetary Fund (IMF) and Hong Kong Monetary Authority (HKMA) contributed CHF 279,000.
Basel hosting cushions direct liabilities
Average headcount fell to 38.0 full-time equivalents from 40.0 in the previous year, with actual year-end staff standing at 37.6. Established as a Swiss association based in Basel, the entity operates under an agreement with the BIS running through January 2028.
The host institution provides office premises, human resources, IT infrastructure, and facilities free of charge, leaving the organisation without independent balance sheet assets or liabilities.
Lean governance through institutional shelter
The audit confirms steady financial discipline under the existing five-year budget framework.
Complete operational reliance on the BIS minimizes overhead while keeping independent resources strictly constrained.
The report delivers routine transparency without shifting regulatory priorities.