Press Releases

• 19 October 2021 FSB calls for greater convergence in cyber incident reporting

  Greater harmonisation in cyber incident reporting would promote financial stability, especially given the digitalisation of financial services and increased use of third-party service providers.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Cyber Resilience

• 14 October 2021 FSB welcomes TCFD status report

  Disclosures have accelerated thanks to jurisdictional initiatives, as well as through the IFRS Foundation’s work to develop a baseline reporting standard.

  Content Type(s): Press, Press Releases Source(s): FSB, TCFD Policy Area(s): Climate-related Risks

• 13 October 2021 FSB publishes targets for enhancing cross-border payments and progress under its Roadmap

  Progress report accompanied by finalised targets for addressing the four challenges of cross-border payments.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Cross Border Payments, EMDEs, Financial Innovation

• 11 October 2021 FSB Chair updates the G20 on enhancing resilience in non-bank financial intermediation and addressing challenges in cross-border payments

  FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors focuses on two key areas of the FSB’s work.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Cross Border Payments, Cyber Resilience, Non-bank financial intermediation

• 11 October 2021 FSB publishes final report with policy proposals to enhance money market fund resilience

  Report sets out proposals and considerations on how policy options could be selected and combined to address all the vulnerabilities arising from different types of MMFs.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Non-bank financial intermediation, Regulatory Reform Recommendations

• 8 October 2021 FSB and IMF publish the 2021 Progress Report on the G20 Data Gaps Initiative

  Sixth Progress Report flags challenges to implementation for DGI-2 and outlines the remaining work towards completing the recommendations, including a possible new data gaps initiative beyond 2021.

  Content Type(s): Press, Press Releases Source(s): FSB, IMF Policy Area(s): Data Gaps, LEI, Non-bank financial intermediation, OTC Derivatives, SIFIs

• 7 October 2021 FSB publishes progress report on the regulation, supervision and oversight of “global stablecoin” arrangements

  The report assesses remaining challenges to the implementation of the FSB high-level recommendations and financial stability concerns.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Crypto Assets, EMDEs, Financial Innovation

• 30 September 2021 FSB launches new financial stability surveillance framework

  The new framework improves the effectiveness and timeliness of the identification of vulnerabilities in the global financial system.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Vulnerabilities Assessments

• 13 July 2021 FSB identifies preliminary lessons for financial stability from the COVID-19 experience

  FSB interim report on lessons learnt from the COVID-19 pandemic identifies preliminary lessons for financial stability and some areas of post-2008 crisis regulatory reforms that require further consideration.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): COVID-19, Cyber Resilience, Effects of Reforms, Non-bank financial intermediation

• 7 July 2021 FSB Chair presents a comprehensive roadmap for addressing climate-related financial risks

  Chair’s letter also highlights policy proposals to enhance the resilience of money market funds and the importance of completing LIBOR transition.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Climate-related Risks, COVID-19, LIBOR and other benchmarks, Non-bank financial intermediation