FSB Global Financial Stability


On May 11, FSB spoke at ISDA's AGM on challenges/common threads.


  • Klaas Knot spoke on diverse challenges, common threads: preserving global financial stability today and tomorrow, started ISDA collaboration on LIBOR/OTC derivatives.
  • Follows ISDA May 2022, Scott O’Malia opening remarks at the AGM, see #137469.
  • Main Challenges
  • Current financial stability challenges include Russia-Ukraine war, Covid, inflation, digital innovation and climate change, as near-term growth outlook deteriorates.
  • Global financial system has absorbed initial shock, no major impact/institution distress.
  • Common threads are transparency; need holistic approach; private/public cooperation.
  • FSB Actions
  • New vulnerabilities include volatile commodity prices, undetected leverage; FSB has increased market surveillance and is assessing specific potential problems.
  • Is supporting transition to ISSB draft climate and sustainability disclosure standards.
  • Working with NGFS on scenario analyses and data needed analyze key climate risks.
  • On digital innovation, updated crypto-assets financial stability assessment for G20.

Regulators FSB
Entity Types B/D; Bank; CNSM; Corp; Ins; OTC; SIFI; Thrift
Reference SP, 5/11/2022; COVID-19; ESG; Fintech; IBOR
Functions Compliance; Cyber; Financial; Operations; Privacy; Reporting; Risk; Technology; Treasury
Countries Global Regulator
Category
State
Products Banking; Clearing; Commodities; Corporate; Cryptocurrency; Derivatives; Insurance; Securities
Regions Global
Rule Type Guidance
Rule Date 5/11/2022
Effective Date 5/11/2022
Rule Id 137561
Linked to
Reg. Last Update 5/11/2022
Report Section International

Last substantive update on 05/12/2022