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Financial Institutions Financial Services Industry Financial Stability Board

A&O Shearman

FSB publishes finalised format for FIRE framework

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The Financial Stability Board (FSB) has published its finalised Format for Incident Reporting Exchange (FIRE), together with a press release and updated webpage. FIRE provides a standardised format for financial institutions...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday March 21, 2025

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March 20, 2025 - The Office of the Comptroller of the Currency announced that it will no longer examine national banks and federal savings associations for “reputation risk” and is purging references to “reputation risk”...more

A&O Shearman

Financial Stability Board analytical framework and toolkit to assess climate-related vulnerabilities

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The Financial Stability Board published a report containing a framework and analytical toolkit to assess climate-related vulnerabilities. The report introduces an analytical framework that the FSB will use to trace how...more

A&O Shearman

Financial Stability Board Sets out Resolution Work for 2025

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The Financial Stability Board has published its resolution report for 2024. The report takes stock of the FSB resolution-related work of the past year as well as of the progress made by FSB members in implementing resolution...more

Orrick, Herrington & Sutcliffe LLP

Financial Stability Board releases 2024 list of global systemically important banks

On November 26, the Financial Stability Board (FSB) released the 2024 list of global systemically important banks (G-SIBs), identifying 29 institutions based on 2023 data. The list of banks remained the same, but some banks...more

A&O Shearman

Financial Stability Board Report on Financial Stability Implications of Artificial Intelligence

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The Financial Stability Board has published a report outlining recent developments in the adoption of AI in finance and their potential implications for financial stability. The report notes that AI offers benefits from...more

A&O Shearman

Financial Stability Board Progress Report on Enhancing Resilience of Non-Bank Financial Intermediation

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The Financial Stability Board has published a progress report to the G20 on enhancing the resilience of non-bank financial intermediation. The aim of policies by the FSB to enhance NBFI resilience has been to reduce excessive...more

Orrick, Herrington & Sutcliffe LLP

FSB report addresses financial risk concerns with third-party relationships

On December 4, the Financial Stability Board (FSB) published a report titled “Enhancing Third-Party Risk Management and Oversight: A Toolkit for Financial Institutions and Financial Authorities,” as summarized in this press...more

A&O Shearman

Financial Stability Board Issues Recommendations for Regulating Cryptoasset Activities and Markets

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The Financial Stability Board has finalized its global regulatory framework for cryptoasset activities and markets and revised the framework for global stablecoin arrangements. Both frameworks, based on the principle of "same...more

A&O Shearman

Crypto-Asset Market Turmoil: Financial Stability Board Issues Statement

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The Financial Stability Board has issued a statement on international regulation and supervision of crypto-asset activities. The statement is made in light of the crypto-asset market turmoil. The statement warns crypto-asset...more

Hogan Lovells

Global Payments Newsletter, July 2022

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Key developments of interest over the last month include: UK Financial Services and Markets Bill 2022-23 introduced to Parliament; US Treasury publishes framework for international engagement on digital assets; and European...more

A&O Shearman

Financial Stability Board Publishes Report on Risks to Financial Stability from Crypto-Assets

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The Financial Stability Board has published a report on the risks that crypto-assets pose to global financial stability. The FSB observes that the crypto-assets market is growing rapidly and could reach a point where it poses...more

Hogan Lovells

Financial institutions general regulatory weekly news, July 2021 #2

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Future framework for regulation of UK financial services: Treasury Committee report - The House of Commons Treasury Committee has published its Fifth Report of Session 2021-22 on the future framework for regulating financial...more

A&O Shearman

Financial Stability Board Publishes Reports on Implications of BigTech and Cloud Services

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The Financial Stability Board has published two reports on: (i) BigTech in finance and (ii) third-party dependencies on cloud services. The reports form part of the FSB’s ongoing work to analyze structural changes within the...more

A&O Shearman

Financial Stability Board Publishes Letter to G20 Ministers on Effect of Reforms and Future Work

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The Financial Stability Board has published a letter to G20 Finance Ministers and Central Bank Governors describing the progress of post-financial crisis reforms and key focus areas for the future. Over the past ten years,...more

Latham & Watkins LLP

FSB Concerns Over Cloud Concentration in Financial Services Continues

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The FSB is reviewing cloud provider concentration risk in the latest example of regulator concern over reliance on leading cloud providers by financial services institutions. The Financial Stability Board (FSB), an...more

A&O Shearman

Financial Stability Board Publishes User's Guide to Overnight Risk-Free Rates

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The Financial Stability Board has published a user's guide to overnight risk free rates, providing an overview of such rates and how they can be calculated, as well as proposals for how they can be used in cash products. The...more

A&O Shearman

Financial Stability Board Publishes Report on Decentralized Financial Technologies

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The Financial Stability Board has published a report on the use of decentralized financial technologies and the implications these may have for financial stability, regulation and governance. The report has been delivered to...more

Orrick - Finance 20/20

FSB Report Assesses Fintech Developments and Potential Financial Stability Implications

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On February 14, the Financial Stability Board (“FSB“) published a report assessing Fintech market developments in the financial system and the potential implications for financial stability....more

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