The FSB

🌎 Our Regional Consultative Group for the Americas met on 19-20 May in Grand Cayman, hosted by the Cayman Islands Monetary Authority. Members discussed financial vulnerabilities, cyber resilience, cross-border payments, and regulatory modernisation. bit.ly/49O65t5

ICYMI - Our Secretary General, John Schindler, shared insights on the FSB’s work on #DigitalAssets & #Stablecoins at the @AtlantaFed 30th Financial Markets Conference. 🎥 Watch the panel "Banking in a world with stablecoins" bit.ly/43gGsxj

Coming up next Monday: Our Secretary General, John Schindler, will present the FSB's work on #crypto-assets and #stablecoins at the @AtlantaFed 's 30th Financial Markets Conference. Watch the livestream here: bit.ly/4tAs0ek

Authorities face significant data challenges monitoring private credit markets due to a lack of harmonised definitions and granular data. Our report suggests a list of core metrics to address this. bit.ly/4dqfFV6

Watch Tiff Macklem, Chair of the FSB Standing Committee on Assessment of Vulnerabilities (SCAV), discuss the latest #FSB report on #PrivateCredit with @CNBC. cnb.cx/4wgY35z

🌏 Our Regional Consultative Group for the Commonwealth of Independent States met on 5-6 May in Astana, hosted by the National Bank of #Kazakhstan @nationalbank_kz. Members discussed financial vulnerabilities, resolution regimes and crypto-assets. bit.ly/4daLPCH

Private credit remains untested at its current size and scope, and a severe economic downturn could expose leverage and borrower credit quality vulnerabilities. Our report has more: bit.ly/4dqfFV6

FSB Chair, Andrew Bailey says “We must be mindful of the risks of private credit” ft.com/content/322b0a… via @ft

Our report describes the private credit ecosystem and identifies vulnerabilities around its connections with banks and lenders’ credit exposures. It suggests further work on improving transparency, analysing interlinkages and strengthening oversight. bit.ly/4dqfFV6

Recovery and resolution plans are a key part of effective resolution regimes for financial institutions. Which #insurance firms should be required to have recovery and resolution plans? Find out here: bit.ly/4mWuX7d #Resolution #TBTF

🚨 Explore the April edition of our newsletter, Stability Matters: bit.ly/4whmUX8 Each edition features: 📊 Updates on FSB reports, speeches, & events 👩‍💼 Staff profiles offering insights into the FSB Secretariat's work 📩 Subsrcibe here: bit.ly/462g2Sy

We just published final guidance for authorities to assess insurers that should be subject to recovery and resolution plans. 🔗 bit.ly/4mWuX7d #Insurance #Resolution #TBTF

It was a packed week full of insightful discussions with our members, as well as attending the G20 Finance Ministers and Central Bank Governors meeting. 🔗 Read our Chair, Andrew Bailey's, letter to the G20 here: bit.ly/4vstJEA #IMFMeetings #SpringMeetings

Fraud and scams have become a cross-sectoral concern, involving banks, nonbank payment providers, public authorities, telco firms, etc. “This is why events like this are important”, said our Secretary General John Schindler at the @IIF-FSB Summit on #PaymentFraud this week.

FSB Chair, Andrew Bailey, warns that stretched asset valuations, concentrated leverage, and liquidity mismatches pose increased risks to global financial stability. ▶️ bit.ly/4vstJEA

The Middle East conflict has made the global financial environment more uncertain and unpredictable, FSB Chair, Andrew Bailey, tells #G20 Finance Ministers and Central Bank Governors. 🔗 bit.ly/4vstJEA

🌏 Our Regional Consultative Group for Asia met on 8-9 April in Hanoi, hosted by the State Bank of Vietnam (#SBV). Members discussed global and regional vulnerabilities, safety of cross-border payments, FX market strains, and stablecoin risks. bit.ly/3Oi8mFg #FSB #RCG

Despite the challenging global environment and against a backdrop of rising vulnerabilities, the FSB has continued to deliver on its mandate. Read more in our Annual Report bit.ly/4bEQuft

Last week we hosted our #NonBank Monitoring Experts Group (NMEG) in Basel. NMEG conducts the FSB’s annual monitoring exercise on NBFI and produces the annual Global Monitoring Report - the most comprehensive source of data on NBFI at the global level. 🔗 bit.ly/3YzEi9C

🚨 Explore the March edition of our newsletter, Stability Matters: bit.ly/4c3zXlM Each edition features: 📊 Updates on FSB reports, speeches, & events 👩‍💼 Staff profiles offering insights into the FSB Secretariat's work 📩 Subsrcibe here: bit.ly/462g2Sy