Financial Stability Board (FSB) meaning

This timeline outlines key milestones for the UK bank recovery and resolution framework from January 2024 onwards. For prior milestones, consult Bank Recovery and Resolution Directive (BRRD)—timeline [Archived]. 2026 Date Source Document Description 23 February 2026 Financial Stability Board Thematic Peer Review on Public Sector Backstop Funding Mechanisms: Summary Terms of Reference The Financial Stability Board (FSB) has initiated a thematic peer review assessing how FSB member jurisdictions have implemented public sector backstop funding mechanisms to support the resolution of financial institutions. The exercise evaluates delivery against Key Attribute 6 and the Guiding Principles on the Temporary Funding Needed to Support the Orderly Resolution of a Global Systemically Important Bank. The FSB has issued questionnaires to member authorities and requested input from financial firms, industry bodies, academics and other stakeholders on matters such as financial stability vulnerabilities, design aspects of backstop arrangements, and safeguards aimed at limiting taxpayer losses. Responses are due 31 March 2026, and the peer review report is planned for October...

ARCHIVED: This Practice Note is archived and is no longer maintained. After reviewing shadow banking and investment funds, the European Commission highlighted several issues concerning money market funds (MMFs). In response, it issued the original proposal for a Regulation on Money Market Funds (MMF Regulation) in September 2013, reflecting recommendations from the International Organisation of Securities Commissions (IOSCO) and the Financial Stability Board (FSB). On 29 April 2015, the European Parliament voted on a package of amendments to the draft MMF Regulation. The final text was published in the Official Journal of the EU on 30 June 2017 and took effect on 21 July 2017. The MMF Regulation seeks to strengthen investor protection and to reduce the risks that MMFs may pose to the integrity and stability of financial markets...

In this issue: UK, EU and international regulators and bodies Regulated activities Authorisation, approval and supervision Prudential requirements Operational resilience Financial crime and sanctions Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation of derivatives Sustainable finance and ESG Banks and mutuals Investment funds and asset management UK MiFID II Consumer credit, mortgage and home finance Regulation of insurance Payment services and systems Regulation of AI in FS Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary UK, EU and international regulators and bodies Chancellor delivers first Mansion House speech Rachel Reeves, the chancellor of the exchequer, outlined proposals to pare back certain rules brought in after the 2008 financial crisis, aiming to channel more investment...

In this issue: UK, EU and international regulators and bodies Regulated activities Accountability, culture and social governance Prudential requirements Financial stability Financial crime and sanctions Consumer protection Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Sustainable finance and ESG Banks and mutuals Consumer credit, mortgage and home finance Regulation of insurance Payments and payment systems Fintech and cryptoassets Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary UK, EU and international regulators and bodies FCA will support growth but not light touch regulation Law360: On 10 December 2024, the Financial Conduct Authority (FCA) confirmed it will not revive the pre‑2008 financial crisis ‘light touch’ approach. Instead, it supports prudent risk‑taking to advance the Labour government’s aim of spurring economic growth. See: FCA will support growth but...

UK developments FSB reports significant progress on global climate disclosure standards implementation The Financial Stability Board (FSB) has released its 2024 update on delivering consistent climate-related reporting, noting strong momentum in adopting International Sustainability Standards Board (ISSB) disclosure standards. In 19 of the FSB’s 24 jurisdictions there are now regulations, guidelines, or strategic roadmaps in place, and 17 jurisdictions have introduced or proposed requirements grounded in the ISSB standards and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. See: LNB News 12/11/2024 58. Sources: FSB reports on progress towards globally consistent and comparable climate-related disclosures, 2024 progress report on Achieving Consistent and Comparable Climate-Related Disclosures, and IFRS Progress Report on Corporate Climate-related Disclosures. LMA publishes draft provisions for green loans The Loan Market Association (LMA) has issued draft green loan provisions, offering suggested clauses for inclusion in LMA loan documentation, aligned with the LMA’s Green Loan Principles and related guidance notes. Aimed at mirroring current market practice, the provisions are intended to help preserve the...

This Practice Note outlines the EU remuneration framework contained in the Capital Requirements Directive 2013/36/EU (EU CRD IV) and Regulation (EU) 575/2013 (EU CRR), together with the remuneration provisions in the Investment Firms Directive (EU) 2019/2034 (IFD) and the Investment Firms Regulation (EU) 2019/2033 (IFR). These rules apply to pay awarded by credit institutions and investment firms to their staff... Background and introduction to EU CRD IV and EU CRR In the aftermath of the 2008 global financial crisis, the Financial Stability Board (FSB) and a number of national regulators reviewed remuneration governance and structures across financial services. They concluded that: firms and supervisors underestimated how pay policies and practices could fuel excessive risk-taking remuneration design, notably cash-heavy, short-term incentives, promoted undue risk appetite bonus pool methodologies did not adequately reflect firms’ capital and liquidity costs or the risks borne performance management focused too narrowly on financial results and overlooked multi-year outcomes The FSB consolidated these conclusions into a...

This Practice Note examines how supranational bodies—including the International Organisation of Securities Commissions (IOSCO) (the international body that brings together the world’s securities regulators), the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision (BCBS) (the primary global standard setter for the prudential regulation of banks)—approach the regulation of cryptoassets. It also outlines the meaning of cryptoassets and the distinct challenges they pose for regulators. For EU material, see Practice Note: EU regulation of cryptoassets. For the UK position, see Practice Note: UK regulation of cryptoassets. Read this alongside Practice Note: Web 3.0, digital assets and cryptoassets—essentials, which covers: What are cryptoassets? Common terms associated with cryptoassets Development of cryptoassets Characteristics of cryptoassets Considerations for businesses looking at cryptoasset technology Cryptoassets, the smart contract and ICOs Disputes involving cryptoassets Regulation of cryptoassets Cryptoassets as regulated investments What are cryptoassets? A major obstacle to understanding non‑traditional currencies and assets is the inconsistent use of...

On 9 March 2023, Ireland enacted the Central Bank (Individual Accountability Framework) Act 2023 (CB(IAF)A 2023 (IRL)), introduced to reinforce the Central Bank’s fitness and probity framework and to elevate individual accountability within financial service providers. This Practice Note monitors policy and guidance evolution around the CB(IAF)A 2023 (IRL), and highlights significant milestones, both historic and forthcoming. Key: ASP-Administrative Sanctions Procedure CBI-Central Bank of Ireland CPC-Consumer Protection Code FSB-Financial Stability Board F&P Regime-Fitness and Probity Regime IAF-Individual Accountability Framework CB(IAF) Act 2023 (IRL)-Central Bank (Individual Accountability Framework) Act 2023 NEDs-Non-executive directors PCF-Pre-Approved Controlled Function SEAR-Senior Executive Accountability Regime The IAF includes the following elements: SEAR Conduct Standards Enhancements to the F&P Regime Amendments to the ASP Policy development and key dates 1 July 2025-Date from which SEAR applies to independent NEDs...