Financial Innovation

FSB Chair’s letter to G20 Leaders: November 2025

Amidst a challenging outlook for growth, the FSB will work to strengthen implementation of global standards and to respond to changes in the financial system, writes Andrew Bailey.

Evolution of private credit markets and stablecoins warrant close monitoring, says FSB Chair

Andrew Bailey reaffirms the FSB’s commitment to supporting G20 countries in responding to a high pace of change in the global financial system.

Strengthening global financial resilience: The FSB and G20’s shared mission

FSB Chair’s Andrew Bailey explains in this article how the work of the FSB has supported the South African G20 presidency’s vision of “Solidarity, Equality, Sustainability”.

FSB recommends Spain further enhance cyber resilience of its financial sector to address rising challenges

Spanish authorities should develop a comprehensive threat landscape, leverage best practices, and establish a national analysis of registers of information and a single national channel for incident reporting.

Peer Review of Spain

Peer review assesses Spain’s efforts to enhance cyber resilience in its financial sector and recommends further steps to address rising financial stability risks from operational incidents and cyber-attacks.

FSB Regional Consultative Group for Middle East and North Africa meets in Istanbul

Central Bank of the Republic of Türkiye hosts FSB MENA group in Istanbul.

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.

FSB outlines next steps for authorities on AI monitoring

FSB encourages authorities to address data gaps and develop more robust monitoring approaches to assess relevant vulnerabilities.

Monitoring Adoption of Artificial Intelligence and Related Vulnerabilities in the Financial Sector

FSB report summarises critical monitoring challenges and provides high-level considerations to enhance monitoring of AI adoption and address data gaps.

How is the water? Continuing our work to preserve financial stability

Klaas Knot Fifth Conference on Financial Stability
Speech by FSB Chair, Klaas Knot, at the Fifth Conference on Financial Stability, Madrid, 12 June 2025.

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