FSB Work Program, Covid Priorities

On Jan. 20, FSB outlined focus on Covid, global stability, cooperation.

  • FSB 2021 work program marks shift to priorities in Covid environment, aims to foster global financial stability and focuses on capacity to respond to new emerging issues.
  • FSB announced in Nov. 2020 that it would be reprioritizing its work program for 2021.
  • Overview
  • Work program aimed at remaining vigilant to new/emerging risks to global financial stability, and supporting international cooperation/coordination of Covid response.
  • Covers key deliverables to G20 Italian presidency including international cooperation and coordination during Covid and non-bank financial intermediation (NBFI).
  • Also: central counterparty resilience; recovery/resolvability; cross-border payments.
  • Climate change/sustainable finance; interest rate benchmarks; and cyber resilience.

Regulators FSB
Entity Types B/D; Bank; IA; Ins; Pension; SIFI
Reference Rp, PR 1/2021, 1/20/2021; Cyber; Fintech; ESG; COVID-19
Functions Financial; Reporting; Risk; Technology; Treasury
Countries Global Regulator
Products Banking; Fund Mgt; Insurance; Pensions; Securities
Regions Global
Rule Type Guidance
Rule Date 1/20/2021
Effective Date 1/20/2021
Rule Id 95887
Linked to
Reg. Last Update 1/20/2021
Report Section International

Last substantive update on 01/20/2021