The head of the Financial Stability Board is urging global regulators to make the safe release of advanced artificial intelligence models a priority, warning that...
The Financial Stability Board is calling on financial institutions to create safeguards against AI-related risks. In a report published Wednesday (June 10), the FSB said it was “strongly”...
The head of the Financial Stability Board (FSB) is warning against friction in cross-border payments. Andrew Bailey, who leads the risk watchdog, said in a...
The Financial Stability Board said Wednesday (Oct. 16) that jurisdictions should fully and consistently implement the FSB Global Framework for Crypto-asset Activities to eliminate the...
Five years ago, the G20 nations set out an ambitious goal: to make international payments faster, cheaper, more transparent and more accessible by 2027. The...
England’s central bank chief reportedly wants increased oversight into stablecoin and private finance risks. Bank of England Governor Andrew Bailey, in a letter to the Group of...
Financial authorities should monitor the effects of the use of artificial intelligence, the Financial Stability Board and the Bank for International Settlements said in separate...
The Financial Stability Board said in a press release Thursday (Oct. 9) that a 2027 cross-border payment benchmark deadline is unlikely to be met. The...
For banks doing business in the private credit market, and in working with nonbank firms, the leverage used by those intermediaries poses risks to stability...