Financial Stability Board

    Emerging Prudential Risks

    G20 Backs Central Bank Independence, Agrees Path on NBFI Risk and Tax

    By Manesh Samtani | 19/07/2025

    In a rare show of unity, G20 finance ministers issued their first joint communiqué since October 2024, stressing central bank independence.

    Emerging Prudential Risks

    New FSB Chair Targets Non-Bank Finance, Stablecoins in First Priorities

    By Manesh Samtani | 15/07/2025

    Andrew Bailey calls for renewed global cooperation to tackle risks from private finance and digital assets amid rising geopolitical fragmentation.

    Climate Risk

    FSB Halts New Climate Rules Amid US Pressure and Deep Divisions

    By Manesh Samtani | 15/07/2025

    The FSB has shelved new climate policy work, citing member divisions after a US pushback against a more aggressive agenda.

    Emerging Prudential Risks

    Regulatory Fragmentation Undermines Financial System Resilience - Report

    By Manesh Samtani | 12/07/2025

    Joint paper by BPI, GFMA and IIF calls for coordinated action to address the proliferation of "localisation policies", such as ring-fencing and forced subsidiarisation.

    Emerging Prudential Risks

    FSB Finalises Toolkit to Curb Non-Bank Leverage Risks

    By Manesh Samtani | 10/07/2025

    The FSB has issued new recommendations for authorities to monitor and control leverage in the growing non-bank sector.

    Tokenisation

    UK and Singapore Deepen Ties on Digital and Sustainable Finance

    By Editors | 06/07/2025

    Regulators to deepen collaboration on asset tokenisation and AI, while aligning on sustainable finance disclosures and capital market reforms.

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    Liquidity Risk

    Singapore to Align Fund Liquidity Rules with Global Standards

    By Manesh Samtani | 03/07/2025

    MAS will revise its fund liquidity rules to align with FSB and IOSCO standards, including mandating greater use of anti-dilution tools.

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    Stablecoins

    Hong Kong to Set High Bar for Issuing Stablecoin Licences

    By Sanday Chongo Kabange | 25/06/2025

    HKMA CEO Eddie Yue said only a “handful” of licences will likely be granted, reflecting the regulator’s “cautious approach” and the need for user protection.

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    Emerging Prudential Risks

    FSB Flags Vulnerabilities in Non-Bank Commercial Real Estate Investors

    By Manesh Samtani | 20/06/2025

    FSB identifies liquidity mismatches, leverage, and valuation opacity as key vulnerabilities in non-bank commercial real estate investors.

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    Emerging Prudential Risks

    FSB Chair Klaas Knot Warns Against Complacency in Final Address

    By Thisanka Siripala | 19/06/2025

    Klaas Knot warned that easing banking regulations would be a “big mistake” that would increase the likelihood of financial crises.

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