Financial Stability Board

Cryptocurrency

IOSCO Pledges to Deliver Sustainable Finance & Crypto Work in 2023

By Manesh Samtani | 06/04/2023

Under its new two-year work programme, IOSCO will issue a consultation on crypto asset regulation in H1 2023, and on DeFi regulation in Q3.

Capital Adequacy

FSB to Develop and Run Global Bank Stress Test

By Manesh Samtani | 31/03/2023

The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

Resolution & Recovery

FSB Addresses Financial Stability Implications of Recent Bank Failures

By Editors | 29/03/2023

The FSB said its members have agreed to “review the lessons to be learned from the recent actions by authorities to resolve financial institutions”.

Cryptocurrency

FSB-IMF Paper to Support Global Policy Approach to Crypto

By Editors | 03/03/2023

An “IMF-FSB Synthesis Paper” due to be published in September will support a “coordinated and comprehensive policy approach to crypto-assets”.

Payments & Settlements

FSB Sets Out Next Steps for Enhancing Cross-border Payments

By Editors | 26/02/2023

The next phase of work focuses on payment system interoperability, legal and regulatory frameworks, and cross-border data exchange.

Market Data & Technology

DSB Announces Launch Dates for UPI Service

By Editors | 24/02/2023

The UPI UAT environment and a client onboarding and support platform will be available from 17 April, and the UPI production environment from 16 October.

Emerging Prudential Risks

FSB Highlights NBFI, Crypto and DeFi as Key Priorities for 2023

By Editors | 21/02/2023

In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.

Payments & Settlements

BOE Sets Out Vision for UK Payments with RTGS Roadmap

By Mark Johnston | 21/02/2023

The BOE will improve its RTGS through a new core settlement engine, migration to ISO 20022 messaging, and build-in CBDC functionality.

Emerging Prudential Risks

FSB Warns of Excessive Concentration Risk in in Commodity Markets

By Mark Johnston | 20/02/2023

The concentration of market power among a few firms and their reliance on debt increases the potential for market disruptions in commodity markets.