Implementation Monitoring

FSB finds significant gaps and inconsistencies in implementation of crypto and stablecoin recommendations

Uneven implementation creates opportunities for regulatory arbitrage and complicates oversight of the inherently global and evolving crypto-asset and stablecoin market.

Thematic Review on FSB Global Regulatory Framework for Crypto-asset Activities

Progress in implementing the FSB Crypto Framework is welcome but gaps and inconsistencies remain, highlighting the need for jurisdictions to do more to reach full and consistent implementation.

FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: October 2025

FSB Chair Andrew Bailey calls for steadfast follow-through on agreed reforms in order to guarantee a resilient global financial system.

G20 Implementation Monitoring Review: Interim report

Report outlines the implementation history of the main G20 financial reforms and provides an assessment of how well implementation of these recommendations is progressing.

Incomplete reform implementation leaves financial system vulnerable to shocks, warns FSB Chair

FSB Chair Andrew Bailey warns that without full, timely and consistent implementation of G20 reforms, the financial system remains vulnerable to shocks.

FSB appoints Randal K. Quarles to lead G20 strategic review of implementation monitoring

Mr Quarles will chair high-level FSB group tasked by the G20 with assessing 15 years of reform implementation.

FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: February 2025

FSB Chair Klaas Knot’s letter to G20 Finance Ministers and Central Bank Governors ahead of their February meeting in Cape Town, South Africa.

FSB Chair calls for renewed focus on implementation

Implementation is crucial to our work, says FSB Chair Klaas Knot in his letter to G20 Finance Ministers and Central Bank Governors.

Thematic Peer Review on FSB Global Regulatory Framework for Crypto-asset Activities: Summary Terms of Reference

Peer review will examine progress, experience and lessons in implementing the FSB’s high-level recommendations for crypto-assets and global stablecoin arrangements.

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