The Financial Stability Board [FSB] has released its Work Programme for 2023.
The FSB coordinates the work of national financial authorities and international standard-setting bodies’ to promote the implementation of effective regulatory, supervisory, and other financial sector policies.
The programme outlines the FSB’s five priority areas for 2023:
- Supporting international cooperation and coordination on current financial stability issues;
- Enhancing the resilience of the non-bank financial intermediation (NBFI) sector, while preserving its benefits;
- Enhancing cross-border payments;
- Harnessing the benefits of digital innovation while containing its risks;
- Addressing financial risks from climate change;
Alongside these priorities, the FSB will continue its ongoing financial stability work, and undertake regular monitoring and reporting on financial stability issues.
Firms should take note of the FSB’s priority areas for the year ahead.