The Financial Stability Board (FSB) has published a report advising financial authorities on how to strengthen monitoring of artificial intelligence (AI) adoption and associated risks within the financial sector. Building on its 2024 ‘The Financial Stability Implications of Artificial Intelligence’ report, the FSB identifies a range of direct and proxy indicators aimed at tracking AI usage and identifying potential vulnerabilities, including those linked to third-party dependencies.

The Financial Stability Board (FSB) has published a stocktake report outlining member financial authorities’ initiatives related to the assessment and identification of nature-related financial risks. The report details regulatory and supervisory initiatives, as well as analytical work by central banks and supervisors, on whether and how nature degradation, including the loss of biodiversity, is a financial risk.

The Financial Stability Board (FSB) has published its thematic review on Money Market Fund (MMF) reforms. The review finds uneven progress in implementing the 2021 FSB policy proposals for MMFs and calls on member jurisdictions to review policy frameworks and adopt tools to address MMF vulnerabilities. The FSB also calls on the International Organization of Securities Commissions to consider the findings of this review when it revisits its 2012 Policy Recommendations for MMFs.

The Financial Stability Board (FSB) has outlined its work programme for 2025, focusing on global challenges such as digitalisation, climate change, and shifts in the macroeconomic and interest rate environment. The priorities reflect global issues affecting the financial system, including non-bank financial intermediation and cross-border payments.

The Financial Stability Board (FSB) has called on bank managers and financial sector authorities to address the liquidity and solvency vulnerabilities that give rise to extreme deposit outflows and to be able to react much more quickly to deposit outflows than in the past. In a report that seeks to draw on lessons from the March 2023 banking turmoil the FSB summarises the main findings from FSB work over the past year to assess vulnerabilities in the global financial system related to solvency and liquidity risks amid rising interest rates, the influence of technology and social media on depositor behaviour during bank runs, and how the use of technologies may affect the planning and execution of a resolution.

The Financial Stability Board (FSB) has published a report exploring potential factors driving the higher level of activities related to foreign currency-pegged stablecoins in emerging markets and developing economies (EMDEs), their associated financial stability risks and regulatory challenges, and potential ways to address them.

The Financial Stability Board (FSB) has published its annual Global Monitoring Report on Non-Bank Financial Intermediation (NBFI), looking at 2023. The report describes broad trends in financial intermediation across 29 jurisdictions that account for around 88% of global GDP, before narrowing its focus to the subset of NBFI activities that may be more likely to give rise to vulnerabilities.

The Financial Stability Board (FSB) has published a report analysing the vulnerabilities in non-bank commercial real estate (CRE) investors, identifying liquidity mismatches, high leverage, and valuation opacity as key risks. These issues, particularly in real estate investment trusts (REITs) and property funds, could pose systemic threats due to their close financial ties with banks. The report calls for improved data to enhance risk monitoring and urges the implementation of existing recommendations to address liquidity concerns. While the CRE market has remained stable, the FSB warns of ongoing risks from structural changes and climate-related pressures.

The Financial Stability Board (FSB) has issued its 2024 progress report on achieving consistent climate-related disclosures, highlighting significant progress in implementing International Sustainability Standards Board (ISSB) disclosure standards. 19 out of 24 FSB jurisdictions now have regulations, guidelines, or strategic roadmaps in place, and 17 jurisdictions have established or proposed requirements based on ISSB standards and Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

The Financial Stability Board (FSB) has published for consultation a Format for Incident Reporting Exchange (FIRE). The FSB invites comments by 19 December 2024.

The Financial Stability Board (FSB) has published a peer review highlighting significant gaps and inconsistencies in how jurisdictions are implementing its Global Regulatory Framework for Cryptoasset Activities. While some progress has been made since the framework’s launch in 2023 in regulating cryptoasset service providers, regulation of global stablecoins continues to lag behind. As of August 2025, most jurisdictions have yet to finalise or fully align their regulatory frameworks with the FSB’s recommendations, creating a patchwork of national approaches that could pose risks to financial stability and to the development of a resilient digital asset ecosystem. The FSB sets out eight recommendations on cryptoasset service providers and stablecoin arrangements, data reporting and collection, and cross-border cooperation and coordination.

The Financial Stability Board (FSB) will host a public webinar on Wednesday 9 July 2025 from 14:30 to 16:00 (CEST) / 13:30 to 15:00 (BST) to present its final recommendations on addressing financial stability risks arising from leverage in non-bank financial intermediation. The recommendations, which will be published on the same day, follow a public consultation and reflect the feedback received. The webinar will be chaired by Andrew Bailey, Chair of the FSB and Governor of the Bank of England, and will feature speakers including Cornelia Holthausen, Director General at the European Central Bank; Sarah Pritchard, Executive Director at the UK Financial Conduct Authority; and John Schindler, Secretary General of the FSB. The event is open to all.