The Financial Stability Board (FSB) has published a consultation report on proposed policy recommendations to address financial stability risks arising from leverage in non-bank financial intermediation (NBFI). The recommendations cover non-bank financial firms that use leverage, including hedge funds, other leveraged investment funds, pension funds, and insurance companies. Banks and broker-dealers are also included in their role as leverage providers. Responses are sought by 28 February 2024. The FSB plans to publish a final report mid-2025.

The Financial Stability Board (FSB) has published its finalised format for incident reporting exchange (FIRE), which aims to standardise and streamline cyber and operational incident reporting. Developed with private sector collaboration, FIRE addresses fragmentation in reporting requirements across multiple jurisdictions and supports phased implementation. It is interoperable with existing systems and applicable to a wide range of incidents, including those involving third-party service providers. The initiative promotes convergence in cyber incident reporting, reduces the reporting burden for firms, and improves communication among authorities.

The Financial Stability Board (FSB) has published its first list of insurers reported by FSB member authorities as being subject to resolution planning standards consistent with the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions. The FSB say that in the coming year, it will work on promoting consistency in the scope of application of resolution planning standards for insurers.

The Financial Stability Board (FSB) has published a letter from its Chair, Andrew Bailey to G20 leaders, ahead of their summit on 22–23 November 2025. The letter sets out the FSB’s priorities in supporting sustainable economic growth and maintaining global financial stability.

The Financial Stability Board (FSB) has published a letter from its Chair, Klaas Knot, addressed to G20 Finance Ministers and Central Bank Governors, ahead of the G20 meeting on 28-29 February. The letter outlines key issues the FSB is working on in 2024, including lessons from the March 2023 banking turmoil, non-bank financial intermediation (NBFI), climate change, digitalisation and enhancing the efficiency of cross-border payments.

The Financial Stability Board (FSB) has published a Practices Paper on the Operationalisation of Transfer Tools outlining how resolution authorities can enhance preparedness and execution when using transfer tools to manage failing banks. The paper draws lessons from the 2023 banking turmoil, which demonstrated how transfer tools expand authorities’ options during crises.

The Financial Stability Board (FSB) has published its consolidated progress report for 2025, outlining actions taken under the G20 Roadmap for Enhancing Cross-border Payments. The report, developed in collaboration with the Bank for International Settlements Committee on Payments and Market Infrastructures (CPMI) and other partner organisations, integrates annual updates with key performance indicators (KPIs) to support more effective monitoring.

The Financial Stability Board (FSB) has published three reports related to its work programme to enhance resilience in non-bank financial intermediation (NBFI):

The Financial Stability Board (FSB) has published a report describing the structure and functioning of commercial paper (CP) and negotiable certificates of deposit (CD) markets in core funding jurisdictions (EU, Japan, UK, US). It considers the vulnerabilities in these markets and assesses the relative merits of potential market reforms by industry and public authorities to address these vulnerabilities.

The Financial Stability Board (FSB) has published a report on the potential financial stability implications of artificial intelligence (AI) adoption in the financial sector. This report revisits the FSB's 2017 report on AI and machine learning in financial services. The report highlights that while AI can improve operational efficiency and regulatory compliance, it may also increase systemic risk due to vulnerabilities such as third-party dependencies, market correlations, cyber risks, and model risk.

The Financial Stability Board (FSB) has published a report that introduces an analytical framework and toolkit aimed at assessing climate-related vulnerabilities within the global financial system. The framework, which builds on the FSB's Financial Stability Surveillance Framework, evaluates how physical and transition climate risks can propagate and intensify within the financial system. The accompanying toolkit includes three categories of metrics: proxies for early risk signals, exposure metrics to measure direct and indirect exposures, and risk metrics to quantify impacts on financial institutions and the system.

The Financial Stability Board (FSB) has published a report evaluating the effects of the G20 financial regulatory reforms on securitisation markets, focusing on the International Organization of Securities Commissions (IOSCO) minimum retention recommendations and the Basel Committee on Banking Supervision (BCBS) revisions to prudential requirements for bank securitisation-related exposures in residential mortgage-backed securities (RMBS) and collateralised loan obligations (CLO) markets. The report incorporates feedback from a consultation published in July 2024 and is part of the FSB's framework for post-implementation evaluation of G20 financial regulatory reforms.