Keynote speech by FSB Chair Klaas Knot at the 11th Institute for Law and Finance Conference on "The Future of the Financial Sector: The Next Systemic Financial Crisis – Where Might it Come From?: Financial Stability in a Polycrisis World", Goethe University, Frankfurt.
Report assesses effectiveness of the 2017 FSB Recommendations to address vulnerabilities from liquidity mismatch in open-ended funds (OEFs) and proposes further policy work to enhance OEF resilience.
Annual progress report on the implementation of resolution reforms notes continued challenges in central counterparty (CCP) resolution and resolvability; operationalising resolution plans for insurers; and cross-border resolution in the non-bank sector.
FSB members discussed the outlook for global financial stability, reviewed issues of particular relevance to emerging market and developing economies (EMDEs) and agreed the FSB’s work programme for 2023.
