Tagged: fsb

October 21, 2025 @ 2:32 pm By Omar Faridi  |  

A thematic review on an international regulatory framework for crypto-asset activities has been released by the Financial Stability Board (FSB). The evolution and growth of crypto-asset markets highlights the importance of implementing the FSB’s recommendations for crypto-assets as well as global stablecoins. The report from… Read More

October 21, 2025 @ 9:26 am By Omar Faridi  |  

The Financial Stability Board’s (FSB) had issued a warning this past week  about what it considers to be “significant gaps” in ongoing attempts to regulate the fast-evolving crypto markets. Nick Jones, Founder and CEO, Zumo, said that it’s worth noting the FSB has said financial… Read More

October 12, 2025 @ 11:27 am By Omar Faridi  |  

A new FSB report sets out guidelines for relevant authorities regarding how to tackle the challenges related to overseeing the adoption of artificial intelligence in the financial services industry. AI is being increasingly used by financial services providers and other industries as well because of… Read More

June 14, 2025 @ 4:20 pm By Omar Faridi  |  

The rise of cryptocurrencies and their deepening integration with traditional financial systems have raised alarm bells at the highest levels of global financial oversight. In a stark warning made in Madrid, Klaas Knot, the outgoing chair of the Financial Stability Board (FSB), cautioned that the… Read More

April 7, 2025 @ 7:10 am By Omar Faridi  |  

Circle has submitted its response to the Financial Stability Board’s (FSB) thematic peer review on the implementation of its global regulatory framework for crypto-asset activities. In this response, Circle outlines the importance of “having domestic regulations that allow consumers to benefit from global stablecoins while… Read More

October 13, 2023 @ 4:46 pm By Omar Faridi  |  

The Financial Stability Board (FSB) published its annual progress report on climate-related disclosures. The report has been delivered to G20 Finance Ministers and Central Bank Governors for their 11-12 October 2023 meeting. The FSB welcomes the publication of the ISSB Standards, which will “serve as… Read More

September 11, 2023 @ 7:50 am By Omar Faridi  |  

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have advanced policy and regulatory recommendations “to identify and respond to macroeconomic and financial stability risks associated with crypto-assets.” Crypto-assets have been in existence “for more than a decade and have displayed significant volatility…. Read More

July 18, 2023 @ 4:57 pm By JD Alois  |  

The Financial Stability Board (FSB) has published its recommendations for the regulation of digital assets or crypto. The recommendations are described as follows: High-level recommendations for the regulation, supervision, and oversight of crypto-asset activities and markets; Revised high-level recommendations for the regulation, supervision, and oversight… Read More

February 22, 2023 @ 8:10 am By Omar Faridi  |  

The Financial Stability Board (FSB) published a report on the financial stability risks of Decentralised Finance (DeFi). DeFi is commonly “used to describe services in crypto-asset markets that aim to replicate some functions of the traditional financial system in a supposedly decentralized manner – though… Read More

January 2, 2023 @ 8:47 pm By Omar Faridi  |  

Recently, Paxos, the regulated blockchain and tokenization infrastructure platform, submitted recommendations to the Financial Stability Board (FSB) on how best “to safely oversee a global, fiat-backed stablecoin and its issuer.” Paxos welcomed the opportunity “to provide comments to the Financial Stability Board and agreed with… Read More

January 2, 2023 @ 8:40 am By Omar Faridi  |  

Circle has submitted comments to the Financial Stability Board’s (FSB) proposed framework for the international regulation of crypto-asset activities and the regulation and supervision of “Global Stablecoin” Arrangements. Circle appreciates the critical role that the FSB plays in “promoting international financial stability, particularly in developing… Read More

October 11, 2022 @ 11:52 am By JD Alois  |  

The Financial Stability Board (FSB) has published a proposed framework for global regulation of crypto assets. The FSB stated in a release that “crypto-assets and markets must be subject to effective regulation and oversight commensurate with the risks they pose.” While acknowledging there is currently… Read More

October 11, 2022 @ 7:41 am By Omar Faridi  |  

The Financial Stability Board (FSB) recently published the priority themes for the next phase of work under the G20 Roadmap for Enhancing Cross-Border Payments, two years after the Roadmap was launched. The plan reportedly “includes the practical steps to be taken to strengthen external engagement… Read More

July 11, 2022 @ 8:12 am By Omar Faridi  |  

The Financial Stability Board (FSB) published for public feedback a report on “the approach for monitoring progress toward meeting the targets for the G20 Roadmap for Enhancing Cross-border Payments.” The report provides preliminary recommendations “about key performance indicators (KPIs) that could be used to monitor… Read More

April 1, 2022 @ 6:05 pm By Omar Faridi  |  

The Financial Stability Board (FSB) has released its work program for 2022. Priority areas of work and new initiatives, “including key deliverables to the G20 Indonesian Presidency,” are as follows: Supporting international cooperation and coordination on current financial stability issues. Against the backdrop of the… Read More

February 17, 2022 @ 10:27 am By JD Alois  |  

The Financial Stability Board (FSB) published a report yesterday on crypto-asset risks. The FSB is an international entity that promotes global financial stability. As digital assets have grown, the FSB has engaged in the ongoing discussion of the importance and systemic impact of crypto. The… Read More

August 13, 2020 @ 11:43 pm By Omar Faridi  |  

The next or upcoming UK Budget will have to be the “most pro-business ever” so that it can counter the negative impact of the recession, according to the Federation of Small Businesses (FSB), a member-led, non-profit and non-party organization that represents SMBs. The United Kingdom… Read More

August 9, 2020 @ 12:49 pm By Omar Faridi  |  

Emergency COVID-19 funding or financial relief for companies in the UK will reportedly go back to the Treasury at the end of this month if it’s not claimed, the BBC reports. About four months after £12 billion in Coronavirus related funding was approved to help… Read More

July 15, 2020 @ 10:50 pm By Omar Faridi  |  

The emergence of new Fintech industry participants such as the Facebook-led Libra project have made it clear that the existing, global cross-border payments system can be improved. A Bank for International Settlements (BIS) committee report on Payments and Market Infrastructure (CPMI) has noted that countries… Read More

December 9, 2019 @ 11:09 pm By JD Alois  |  

Depending on the jurisdiction, big tech is moving into financial services at various speeds. In China, big tech already dominates much of the Fintech landscape from payments, to lending, to Wealthtech to savings. It’s all there. In the US, there is a constant, pensive shuffle… Read More