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FSB calls for stricter oversight against AI vulnerabilities
15.11.2024
FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance, and systemic vulnerabilities
FSB calls for stricter oversight against AI vulnerabilities
15.11.2024
FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance and systemic vulnerabilities
Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
18.6.2024
The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The...
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
17.6.2024
The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies
FSB Reveals 2024 Roadmap for Crypto Regulations and Cross-Border Payments
25.1.2024
The Financial Stability Board (FSB) has released its 2024 roadmap with plans to steer crypto regulations, cross-border payments, and broader issues in global finance. The international financial body created by the G20 revealed its plans for the current year. The main focus revolves around...
EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT
3.1.2024
The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks
Additional Regulations May be Needed to Prevent Another FTX Style Catastrophe, FSB Report
28.11.2023
Additional regulation may be needed to prevent another FTX-style collapse according to a new report from the Financial Stability Board (FSB) released Tuesday, November 28th. The report’s goal The international financial monitoring body’s report particularly focuses on multifunction crypto-asset...
Failure of Multi-Function Crypto Firms a Limited Threat to 'Real Economy': FSB
28.11.2023
A new report by the Financial Stability Board said further assessments of possible implications are required because "significant information gaps remain."
SEC Chairman Gary Gensler Warns AI Could Spark Financial Crisis in Next Decade
18.10.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) could spark a financial crisis in the next decade. Noting that he has raised this concern at the Financial Stability Board and at the Financial Stability Oversight Council, the SEC chief...
G20 Calls for ‘Swift and Coordinated Implementation’ of IMF Crypto Roadmap
15.10.2023
The G20 finance ministers and central bank governors have adopted the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). “We call for swift and coordinated implementation of the G20 Roadmap,” the finance chiefs announced...
Incoming BoE Deputy Governor Discusses Crypto's Value and Risks
13.9.2023
The incoming deputy governor of financial stability at the Bank of England (BoE) has said that crypto does not yet pose much of a risk to financial stability.
During a hearing held by Parliament's Treasury Committee, Sarah Breeden, set to assume her new role on November 1, discussed the value...
G20 Leaders Endorse FSB Recommendations for Crypto Regulation
11.9.2023
The G20 leaders have released their declaration following their summit in New Delhi. They endorsed the Financial Stability Board’s “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements” and welcomed...
IMF and FSB Release ‘Policies for Crypto Assets’ at G20 Request
9.9.2023
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global organizations “have set out a roadmap to ensure effective...
G20 Welcomes FSB's Tougher Crypto Rules, Says Presidency Holders India
18.7.2023
The Group of Twenty (G20) has welcomed the high-level recommendations of the Financial Stability Board (FSB) on crypto asset activities and global stablecoin arrangements
G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks
17.7.2023
On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations should confront the risks cryptocurrencies pose...
Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil
17.7.2023
The standard-setter called for crypto companies to adapt now, after allegations of misuse of client funds at FTX
G-7 Unpacks Crypto Regulation and CBDCs in Latest Meeting
15.5.2023
Finance ministers representing some of the world’s seven most influential economies discussed their commitment to regulating crypto-assets and exploring central bank digital currencies during a Saturday meeting in Japan.
The Group of Seven, or G-7, called for regulation, monitoring and oversight...
Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto's 'Rough Year'
11.4.2023
FTX and collapses like Signature, Silvergate and Silicon Valley Bank show need for stronger consumer protection, governance norms, the International Monetary Fund said in its Global Financial Stability Report
Has Tokenization’s Moment Finally Come?
3.3.2023
Tokenization of real-world assets has been dismissed by many crypto purists for operating under a centralized framework, but new technological advances have migrated the process from closed, permissioned projects onto public, permissionless blockchain platforms. This could offset traditional...
India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto Policy
26.2.2023
India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central bank governors under India’s presidency. “This would help in the formulation...