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 Plenary sets out 2026 work plan

FSB members met in Riyadh and discussed vulnerabilities in the global financial system and agreed the FSB work programme for 2026.

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 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.

Practices Paper on the Operationalisation of Transfer Tools

Report explores the practices and considerations involved in implementing different types of transfer tools to support resolution authorities in enhancing their resolution preparedness.

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 Regional Consultative Group for Europe meets in Basel

FSB holds meeting of RCG Europe in Basel.

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.

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