The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.
October 14, 2021A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.
October 12, 2021Enhancing MMF resilience will help address systemic risks and minimise the need for central bank interventions to support the sector, the FSB said.
October 12, 2021The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.
October 8, 2021A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.
October 8, 2021The transfer function of a stablecoin arrangement is "comparable" to the transfer function performed by other types of financial market infrastructures.
October 7, 2021The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.
October 6, 2021The new framework will further enhance the FSB’s ability to identify and address financial system vulnerabilities in a proactive manner.
October 1, 2021A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.
September 15, 2021Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.
September 15, 2021