2021 FSB Annual Report

The 2021 report presents the FSB’s high-level assessment of current vulnerabilities in the global financial system; describes the main findings of the FSB’s ongoing financial stability work and implications for the functioning and resilience of the global financial system; and takes stock of progress by FSB members in implementing G20 reforms and reports on the findings of evaluations on the effects of those reforms.

Additionally, it highlights the analytical and policy work the FSB is carrying out to foster global financial stability in response to the pandemic as well as to new and emerging risks. This includes, amongst others, work to enhance the resilience of non-bank financial institutions, NBFI; cyber incident response and recovery; to address risks from so-called “global stablecoin” arrangements; to enhance cross-border payments; and to assess and address climate-related financial risks.