FSB Warns Frontier AI Could Threaten Global Financial Stability

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” encouraging these companies to consider establishing measures to offset risks from artificial intelligence (AI), including agentic AI systems. “The high...

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 speech Thursday (March 12) that governments need to move forward with reforms to their international and domestic payment systems or...

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 gaps and inconsistencies that currently exist. As of August, jurisdictions have made progress in regulating crypto-asset activities, have made less...

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 vision was bold but supported by a marketplace committed to innovation. Still, as the most recent 2025 progress report from...