The Financial Stability Board (FSB) is consulting on recommendations to promote greater alignment in data frameworks related to cross-border payments and, separately, on consistency in the regulation and supervision of bank and non-bank payment service providers (PSPs). The reports aim to address legal, supervisory and regulatory frictions in cross-border payments. Responses are sought by 9 September 2024.

The Financial Stability Board (FSB) has published a consultation report outlining eight cross-sectoral policy recommendations to enhance the liquidity preparedness of non-bank market participants for margin and collateral calls in centrally and non-centrally cleared derivatives and securities markets. Responses are sought by 18 June 2024.

The Financial Stability Board (FSB) has published its 2024 annual report, detailing its efforts to address current and emerging vulnerabilities in the global financial system. The FSB also reports on the implementation progress of G20 reforms introduced since the 2008 global financial crisis and outlines work planned for 2025. In a letter to G20 leaders, the FSB Chair emphasised the need for globally consistent policy implementation to promote financial stability effectively.

The Financial Stability Board (FSB) has published a letter from its chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of the meeting on 23–24 April 2025. The letter emphasises the importance of robust surveillance, proactive policymaking, and international coordination in response to recent financial market turmoil. It highlights the vital role of non-bank financial entities and stresses the need for enhanced regulation, continued reform, and international cooperation amid heightened market volatility and geopolitical risks. The letter also outlines efforts to strengthen non-bank financial intermediation, and the finalisation of recommendations to address leverage-related risks due in July 2025, and addresses cyber risks alongside improvements in cross-border payments. Knot calls for continued commitment to implementing international reforms to preserve financial stability and avoid fragmentation in an evolving risk environment.

The Financial Stability Board (FSB) has issued a public statement underscoring the importance of resolution planning and loss-absorbing capacity (LAC) for banks that may be systemically significant or critical if they fail. The FSB urges authorities to assess which banks fall into this category and ensure they are prepared for resolution.

The Financial Stability Board (FSB) has launched a thematic peer review on the implementation of its global regulatory framework for cryptoasset activities. The review seeks stakeholder feedback on the impact of jurisdictional regulatory frameworks on cryptoasset issuers and service providers, the challenges faced by market participants, and financial stability vulnerabilities across jurisdictions. The framework consists of high-level recommendations for the regulation, supervision, and oversight of cryptoasset activities, and markets, as well as ‘global stablecoin’ arrangements. The review aims to evaluate the progress made by FSB member and select non-member jurisdictions, including any lessons learned. Responses are sought by 28 March 2025, with the final report scheduled for publication in October 2025.

The Financial Stability Board (FSB) has published an updated list of insurers subject to recovery and resolution planning (RRP) requirements with seventeen insurers named, up from thirteen in 2024. The FSB has also launched a consultation on draft guidance to help authorities determine whether an insurer should be subject to RRP.  Finally, the FSB confirmed it will continue to rely on the International Association of Insurance Supervisors (IAIS) Holistic Framework to assess systemic risk in the insurance sector, rather than reinstating the annual identification of global systemically important insurers (G-SIIs). Responses are sought to the consultation by 6 February 2026.

The Financial Stability Board (FSB) has announced the nomination of the governor of the Bank of England (BoE), Andrew Bailey, to serve as the next chair of the FSB for a three-year term starting on 1 July 2025. The nomination was unanimously agreed upon by the Nomination Committee and will be formalised by the FSB Plenary on 1 June 2025. Bailey, who has held various significant roles in financial regulation and supervision throughout his career, is currently the chair of the FSB’s Standing Committee on Supervisory and Regulatory Cooperation (SRC).

The Financial Stability Board (FSB) Plenary convened in Riyadh, Saudi Arabia on 18–19 November 2025 to discuss global financial vulnerabilities, challenges for emerging market and developing economies (EMDEs) and priorities for its 2026 work plan. Members launched initiatives on modernising regulation and supervision, stablecoins, and non-bank financial intermediation (NBFI), and called for jurisdictional and regional action plans to enhance cross-border payments.

The Financial Stability Board (FSB) has published a report examining the potential of transition plans to enhance financial stability assessments by offering crucial insights for monitoring climate-related risks. The report investigates the role of transition plans from both financial and non-financial firms in evaluating financial stability, particularly as a tool for addressing climate-related financial risks and vulnerabilities. These plans provide a forward-looking perspective on how firms might adjust their activities in response to climate risks, assisting authorities in measuring and monitoring these risks.

The Financial Stability Board (FSB) has published a practices paper setting out the approaches taken by Australia, China, France and the Netherlands to the identification of critical functions of insurers. The FSB says each has developed policy for, or significantly progressed their thinking on, the identification of critical functions in their jurisdiction. The paper outlines commonalities and differences in background, scope, methodology and review process.

The Financial Stability Board (FSB) has published a consultation report with interim findings of its evaluation of the effects of the G20 financial regulatory reforms on securitisation. The evaluation focuses on the International Organization of Securities Commissions (IOSCO) minimum retention recommendations and the Basel Committee on Banking Supervision (BCBS) revisions to prudential requirements for banks’ securitisation-related exposures, both of which aimed to address the vulnerabilities in the securitisation market that contributed to the amplification of losses during the 2008 global financial crisis. Responses are sought by 2 September 2024.