Crypto Assets

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.

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.

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.

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.

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 Regional Consultative Group for Asia meets in Sydney

The Financial Stability Board (FSB) Regional Consultative Group for Asia met on 7-8 October in Sydney, hosted by the Reserve Bank of Australia.The meeting, which brings together senior officials from central banks, financial authorities and regulatory bodies in the region, covered:

Enhancing supervision: challenges and opportunities for the EU

Speech by Martin Moloney, FSB Deputy Secretary General at the Eurofi Financial Forum 2025 in Copenhagen.

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