FSB Regional Consultative Group for the Commonwealth of Independent States Meets in Astana
The Financial Stability Board’s Regional Consultative Group for the Commonwealth of Independent States convened on May 5‑6, 2026 in Astana, hosted by Kazakhstan’s National Bank. Senior officials from central banks and regulators across the CIS examined global and regional financial vulnerabilities, foreign‑exchange market strains, resolution frameworks, and the rise of stablecoins and crypto‑assets. Co‑chairs Akylzhan Baimagambetov and Armen Nurbekyan steered discussions on how regional perspectives can inform the FSB’s 2026 work programme. The meeting underscored the need for coordinated policy responses to emerging systemic risks.
FSB Warns on Private Credit Vulnerabilities
The Financial Stability Board released a report flagging systemic vulnerabilities in the fast‑growing private‑credit market, which now holds roughly $1.5‑2.0 trillion in assets. It estimates direct bank credit‑line exposure at $220 billion, with broader estimates up to $500 billion, and highlights opaque valuation...
Report on Vulnerabilities in Private Credit
The Financial Stability Board’s May 6 2026 report estimates the global private‑credit market at $1.5‑$2 trillion, noting rapid expansion beyond medium‑sized firms. It highlights that asset managers, banks, insurers, pension funds and private‑equity firms are increasingly interlinked, creating new channels for risk transmission....
FSB Regional Consultative Group for Middle East and North Africa Meets Virtually
On 30 April 2026 the Financial Stability Board’s Regional Consultative Group for the Middle East and North Africa (RCG MENA) convened virtually, co‑chaired by Governor Hassan Abdalla of the Central Bank of Egypt and Governor Fatih Karahan of the Central Bank...
Scope of Insurers Subject to Recovery and Resolution Planning Requirements in the Key Attributes: Overview of Consultation Responses
The Financial Stability Board released its final report on the scope of insurers subject to recovery and resolution planning (RRP) in the FSB Key Attributes, incorporating feedback from nine public and private stakeholders. The consultation, launched in November 2025 and closed...
Identification of Critical Functions of Insurers: Practices Paper – Revised Version
The revised Practices Paper examines how Australia, China, France and the Netherlands identify insurers' critical functions for resolution planning. It compares each jurisdiction’s policy background, scope, methodology and review process, and lists the core functions—such as policy issuance, claims handling...
Key Attributes Assessment Methodology for the Insurance Sector: Revised Version
On 29 April 2026 the Financial Stability Board released a revised Methodology for assessing a jurisdiction’s insurance resolution framework. The paper updates the definition of a “critical function” and aligns the sector‑specific criteria with the FSB’s Key Attributes of Effective Resolution Regimes....
Developing Effective Resolution Strategies and Plans for Systemically Important Insurers: Revised Version
The Financial Stability Board released a revised guidance on resolution strategies for global systemically important insurers. It stresses that a credible plan must preserve essential economic functions, protect policy‑holders, and avoid taxpayer bailouts by ensuring shareholders and unsecured creditors bear...
FSB Chair’s Letter to G20 Finance Ministers and Central Bank Governors: April 2026
In a letter to G20 finance leaders, FSB Chair Andrew Bailey warned that the Middle‑East conflict has delivered a sharp shock to the global economy, driving up energy prices and government bond yields. He said the turmoil adds to existing...
FSB Chair Warns of Rising Financial Risks Stemming From Middle East Conflict
Financial Stability Board Chair Andrew Bailey warned G20 ministers that the Middle East conflict is amplifying existing financial vulnerabilities. He highlighted the risk of a "double or triple whammy" as stretched asset valuations, concentrated non‑bank leverage and liquidity mismatches converge...