The FSB, with its broad and diverse membership of national authorities, international standard setters and international bodies, is working to maintain financial stability during market stress related to COVID-19.

The FSB’s COVID-19 work includes:

  • assessing financial risks and vulnerabilities in the current environment;

  • regularly sharing information on evolving financial stability threats and on the policy measures that financial authorities are taking; and

  • coordinating policy responses to maintain global financial stability, keep markets open and functioning, and preserve the financial system’s capacity to finance growth.

Given the evolving nature of the pandemic and its economic impacts, the FSB is holding regular calls of its senior committees to discuss risks to financial stability, to share experiences of members on the steps they are taking to address them and agree policy responses.

The FSB re-prioritised its work programme for 2020 to focus on responding to the pandemic.