Implementation Monitoring

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.

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.

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