The Financial Stability Board (FSB) has released a new analytical framework and toolkit for assessing climate-related vulnerabilities in the financial system. As climate shocks become more frequent, concerns are growing over their potential to destabilise financial institutions and disrupt financial services.
The Financial Stability Board (FSB) has released a new report assessing the implications of artificial intelligence (AI) for the financial sector.
On 17 October 2024, the Financial Stability Board (FSB) launched a consultation on its new Format for Incident Reporting Exchange (FIRE).
The Financial Stability Board (FSB) has released an updated progress report on the implementation of the Legal Entity Identifier (LEI) which was introduced in 2012 to standardise identification of counterparties in financial transactions globally.
In May 2024, the Organisation for Economic Co-operation and Development (OECD) and the Financial Stability Board (FSB) hosted a roundtable on the adoption of AI in finance, bringing together experts from both the public and private sectors. Discussions focused on the opportunities AI presents, as well as the risks it introduces to the financial industry.
Last week, John Schindler, Secretary General of the Financial Stability Board (FSB), addressed the Eurofi Financial Forum in Budapest, stressing the need for better data and regulatory coordination in the non-bank financial sector.
On 18 July, the Financial Stability Board (FSB) published a comprehensive report on nature-related financial risks, detailing supervisory and regulatory approaches. This report responds to a February 2024 request from the G20 Finance Ministers and Central Bank Governors to examine the implications of nature-related risks such as biodiversity loss and nature degradation.
US Treasury Official Nellie Liang, Chair of the Financial Stability Board (FSB) Standing Committee on Assessment of Vulnerabilities, addressed the OECD-FSB Roundtable on Artificial Intelligence in Finance. Liang emphasised the transformative potential of AI in finance, however she also highlighted the need for robust data quality to manage the risks associated with AI deployment.
The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met in Colombo to discuss financial market developments, including the implications of artificial intelligence (AI) and climate change on financial stability.
The landscape for Environmental, Social, and Governance (ESG) data is rapidly evolving, and understanding how it is currently used, and how that is likely to change in the near future, is crucial.
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