On 17 February 2022, the Financial Stability Board (FSB) published a letter from its chair detailing its policy work during 2022. The letter was submitted to G20 Finance Ministers and Central Bank Governors ahead of their 17-18 February meeting.
The letter highlights the current challenges of promoting global financial resilience during the transition to a post-pandemic world. These include heightened economic uncertainty and potentially lasting changes in the global economy which may significantly affect interest rates and asset prices.
In terms of the FSB’s policy work for 2022 this includes:
- In October delivering to the G20 a comprehensive progress report on the various initiatives under the non-bank financial intermediation work programme.
- Providing an interim report to the G20 in July and a final report in October on policy considerations to support a more even, sustainable and inclusive global recovery, and on effective financial sector practices for national authorities to consider for addressing the effects of COVID-19 scarring.
- In October the FSB will deliver a consultative report on its review of the high-level recommendations in the FSB’s 2020 stablecoin report, and how any gaps identified could be addressed by existing frameworks.