On 14 November 2024, the Financial Stability Board (FSB) issued a report on the financial stability implications of artificial intelligence (AI).
High-level overview
The report provides a high-level overview of recent developments in AI, along with an assessment of their potential financial stability implications. It revisits the 2017 FSB report on
On 13 November 2024, the Financial Stability Board (FSB) issued a public statement that sought to clarify the importance of resolution preparedness for those banks that are not global systemically important (G-SIB) but may be systemically significant or critical if they fail.
The public statement is informed by a workshop that
On 23 October 2024, the Financial Stability Board (FSB) published a report on depositor behaviour and interest rate and liquidity risks in the financial system, drawing on lessons from the March 2023 banking turmoil.
In the report the FSB summarises its main findings from its work over the past year to:
On 22 October 2024, the Financial Stability Board (FSB) issued a letter outlining the work it has taken on financial innovation, payments systems, and cyber and operational resilience.
The FSB also publishes the reports that it is submitting to the G20 addressing these issues, including:
On 21 October 2024, the Financial Stability Board (FSB) issued the following reports detailing work to enhance cross-border payments:
On 17 October 2024, the Financial Stability Board (FSB) issued a consultation on a Format for Incident Reporting Exchange (FIRE).
FIRE is a common format for financial firms’ reporting of operational incidents, including cyber incidents. It provides a set of common information items for reporting incidents but does not define common
On 22 July 2024, the Financial Stability Board issued a progress report regarding enhancing the resilience of non-bank financial intermediation (NBFI).
The progress report describes recent and ongoing work by the FSB to address systemic risk of NBFI. It sets out the main findings of work over the past year to assess and
On 18 July 2024, the Financial Stability Board (FSB) issued a report providing a stocktake of member financial authorities’ initiatives related to the identification and assessment of nature-related financial risks.
The report draws on a survey of participating FSB members and the work done by international organisations on nature-related risks. It summarises current
On 16 July 2024, the Financial Stability Board (FSB) issued consultation reports on proposed recommendations intended to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers.
The recommendations regarding data frameworks follow an FSB stocktake of national and
On 14 June 2024, the Financial Stability Board (FSB) issued a press release following its Plenary in Toronto.
Key points in the press release include: