On 21 January 2026, the Financial Stability Board (FSB) published its 2025 Resolution Report (the Report).

Overview

The Report reviews the progress achieved on enhancing crisis readiness across banks, insurers and central counterparties (CCPs) in 2025 and the FSB’s priorities for 2026 to advance the operationalisation of resolution frameworks.

Building on the momentum of the FSB 2024 Resolution Report, which focused on supporting resolution authorities’ operational readiness, the Report focuses on removing the remaining challenges to cross-border bail-in execution and funding in resolution, and advancing cross-sector information sharing and collaboration to further strengthen global financial stability.

The Report mentions that foundational resolution frameworks are now mostly in place across the three sectors yet challenges persist on the implementation of critical areas for bank resolution such as funding in resolution and effective bail-in execution, particularly in cross-border contexts.

Banks

As the FSB has advanced its work to support authorities’ operational readiness by publishing a practice paper to transfer tools, share insights and experiences from the 2023 bank failures, the Report notes that the FSB will focus on the following this year:

  • Progressing bail-in execution through the formation of a dedicated FSB taskforce.
  • Sharing information and experiences among members on funding in resolution.
  • Improving coordination with authorities beyond firm-specific crisis management groups.

Insurers and CCPs

In 2026, the FSB will focus on enhancing the implementation and operationalisation of existing resolution standards.

For insurers this has involved a consultation on guidance to set out the criteria to identify insurers that should be subject to resolution and recovery planning and an updated list of 17 insurers that are subject to resolution planning standards.

As for CCPs, the FSB will publish the implementation of its guidance on financial resources and tools for resolution to enhance operational planning and cross-border coordination.

Looking ahead

The FSB is planning to launch a strategic review of its crisis preparedness activities which aims to strengthen coordination among the FSB and standard-setting bodies and adapts the FSB’s approach to emerging vulnerabilities and structural changes in the financial system.