The Financial Stability Board (FSB) published the agency’s plans for 2024. Among other things, the organization intends to strengthen international oversight of crypto and analyze the impact of tokenization and artificial intelligence (AI) on financial stability.
The Financial Stability Board (FSB), an international organization created by the G20 countries to monitor the global financial system, published a working program for 2024.
In addition to the traditional support for global cooperation on financial stability and addressing financial risks associated with climate change, in 2024 the regulator plans to:
- Improve cross-border payment mechanisms, including developing recommendations for the regulation and supervision of banks and non-bank entities that provide cross-border payment services.
- Monitor the adoption of the global regulatory framework for crypto-assets, which was presented to G20 countries in mid-2023 and approved by its representatives. In particular, the FSB plans to oversee the creation of a regulatory framework for stablecoins in emerging economies.
- Analyze the impact of the tokenization process on financial stability.
- Examine the latest developments in artificial intelligence (AI) and provide a list of its potential implications for financial stability.
- Develop a special format for incident reporting exchange (FIRE) capable of unifying financial institutions’ reporting as part of improving cybersecurity and operational resilience.
Earlier this year, the FSB together with the European Banking Association (EBA) began assessing the relationship between traditional banks and crypto companies.
Сообщение FSB to Strengthen Oversight of Crypto and AI in 2024 появились сначала на CoinsPaid Media.
