Press Releases

• 25 November 2021 FSB Commonwealth of Independent States (CIS) group discusses risks relating to high debt levels and crypto assets

  FSB holds virtual meeting of the Regional Consultative Group for the Commonwealth of Independent States.

  Content Type(s): Other Meetings, Press, Press Releases Source(s): FSB, RCGs Policy Area(s): COVID-19, Cross Border Payments, Crypto Assets, EMDEs, Vulnerabilities Assessments

• 23 November 2021 FSB publishes 2021 G-SIB list

  List of global systemically important banks remains at 30.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Resolution and Crisis Management, SIFIs

• 22 November 2021 FSB urges swift action to ensure preparedness for LIBOR cessation

  With only a few weeks remaining to the end of 2021, it is now critical that market participants act urgently to complete any remaining steps set out in the FSB’s Global Transition Roadmap.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): LIBOR and other benchmarks

• 18 November 2021 FSB Plenary meets in Basel

  FSB members discussed vulnerabilities in the global financial system, reviewed issues affecting emerging market and developing economies and agreed the FSB’s work programme for 2022.

  Content Type(s): Plenary Meetings, Press, Press Releases Source(s): FSB Policy Area(s): COVID-19, EMDEs, Vulnerabilities Assessments

• 4 November 2021 FSB highlights implementation progress and gaps on effective compensation practices in financial institutions

  The FSB’s report finds increased use of non-financial measures to promote a sound risk culture and slower progress toward implementing its Principles and their Implementation Standards for sound compensation practices among insurance and asset management firms.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Compensation, Governance, Implementation Monitoring

• 1 November 2021 FSB updates the G20 on its work to enhance resilience in non-bank financial intermediation

  Report describes the progress over the past year and planned work to enhance the resilience of non-bank financial intermediation.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): COVID-19, Macroprudential, Non-bank financial intermediation, OTC Derivatives

• 28 October 2021 FSB Chair reports to G20 Leaders ahead of the Rome Summit

  Letter notes lessons learnt from the COVID Event and actions to address structural challenges facing the global financial system.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Climate Risks, COVID-19, Cross Border Payments, Crypto Assets, Data Gaps, Non-bank financial intermediation, Vulnerabilities Assessments

• 27 October 2021 FSB’s revamped Annual Report describes its work to promote global financial stability

  The Annual Report has been redesigned to be more forward-looking and encompassing so that it describes the FSB’s work to promote global financial stability.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Climate Risks, Compensation, COVID-19, Cross Border Payments, Crypto Assets, Cyber Resilience, Effects of Reforms, Implementation Monitoring, LIBOR and other benchmarks, Non-bank financial intermediation, OTC Derivatives, Resolution and Crisis Management, SIFIs, Supervision and Risk Management, Vulnerabilities Assessments

• 19 October 2021 FSB appoints new chairs to key committees

  The FSB has appointed new chairs for SRC, SCSI and ReSG.

  Content Type(s): Announcements, Press, Press Releases Source(s): FSB Policy Area(s): Governance

• 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