On 17 December 2019, the Financial Stability Board (FSB) published its work programme for 2020. The FSB’s work programme is split across five areas:
- addressing new and emerging vulnerabilities in the financial system: including more detailed work on FinTech, global stablecoins, cross-border payment systems and cyber resilience;
- finalising and operationalising post-crisis reforms: including building resilient financial institutions, ending too-big-to-fail (TBTF) and developing a safer derivatives market;
- implementation of reforms: including the monitoring of the implementation of the G20 reforms, peer reviews and financial benchmarks;
- evaluating the effects of reforms: ongoing evaluation work is centred completing the evaluation of the effects of the TBTF reforms for banks, and the launch of an evaluation of the effects of money market fund reforms; and
- strengthening outreach and the effectiveness of the FSB process: in 2020 the FSB will review the organisation of its work on non-bank financial intermediation and on implementation monitoring.
An indicative timeline of FSB publications planned for 2020 can be found in the Annex to the work programme.