Financial Stability Board

Data Privacy

FSB Convenes Inaugural Forum on Cross-Border Payments Data

By Editors | 26/05/2025

Participants discussed initiatives that could advance the FSB recommendations for addressing data-related frictions in cross-border payments.

Stablecoins

Hong Kong Legislative Council Passes Stablecoin Ordinance

By Sanday Chongo Kabange | 21/05/2025

The ordinance, set to take effect later this year, will require issuers of fiat-referenced stablecoins to be licensed by HKMA to be offered in Hong Kong.

Liquidity Risk

MAS Considering Review of Liquidity Risk Framework for Asset Managers

By Nithya Subramanian | 24/04/2025

MAS will study the need to review the current liquidity risk management framework and engage with the industry when ready.

Payments & Settlements

FSB to ‘Intensify Engagement’ on Cross-border Payments

By Manesh Samtani | 24/04/2025

Klaas Knot’s final letter to the G20 ministers says progress to enhance cross-border payments hasn’t yet led to “material improvements” for end-users.

Cybersecurity

FSB Finalises Common Format for Cyber Incident Reporting

By Manesh Samtani | 16/04/2025

FIRE is a standardised and adaptable format developed to enhance the efficiency and consistency of cyber and operational incident reporting.

Emerging Prudential Risks

FSB Nominates Bank of England Governor as New Chair

By Nithya Subramanian | 08/04/2025

Andrew Bailey’s nomination is expected to be finalised in June. He will hold the role for a three-year term, succeeding Klaas Knot.

Payments & Settlements

FSB Launches Forum on Cross-Border Payments Data

By Mark Johnston | 28/03/2025

The initiative aims to enhance cross-border payments by improving dialogue and strengthening cooperation on data-related issues.

Structural Regulation

IOSCO Unveils Work Programme, Key Priorities for 2025

By Nithya Subramanian | 17/03/2025

IOSCO initiatives include measures to address risks in digital trading, curb online financial fraud finance, and continue research on AI.

AI Risk & Governance

IOSCO Publishes New Consultation Report on Artificial Intelligence

By Thisanka Siripala | 13/03/2025

The report identifies five key findings following engagement with IOSCO members and stakeholders and invites further feedback.