Financial Stability Board publishes work program for 2025

The Financial Stability Board has published its work program for 2025. Priority areas of work for 2025 include:

• supporting global cooperation on financial stability: the FSB will continue monitoring global financial stability developments and the implications of emerging financial innovation, and conduct in-depth analysis on vulnerabilities in non-bank financial intermediation and climate change;
• enhancing the resilience of NBFI: while preserving its benefits, the FSB workstream includes finalizing policy recommendations on NBFI leverage, developing and beginning implementation of a medium-term workplan to address issues relating to non-bank data availability, use and quality and analyzing the resilience and functioning of the repo market;
• harnessing the benefits of digital innovation while containing its risks: the FSB will produce a thematic peer review on implementation of its crypto-asset recommendations, a report on how financial authorities can monitor AI adoption and assess related vulnerabilities, and finalize the format for incident reporting exchange;
• enhancing cross-border payments: the FSB's focus will be on full implementation of the key attributes of effective resolution regimes for financial institutions across sectors;
• completing resolution reforms; and
• monitoring and evaluating implementation of agreed reforms, the FSB will undertake a strategic review of the FSB's monitoring of 15 years of implementation of reforms.

The Annex to the program provides an indicative timeline of the FSB's planned publications for 2025 and 2026.

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