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.
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.
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.
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.
