FSB

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ESGFSBNature

FSB releases stocktake on nature-related financial risks

On 18 July, the Financial Stability Board (FSB) published a comprehensive report on nature-related financial risks, detailing supervisory and regulatory approaches. This report responds to a February 2024 request from the G20 Finance Ministers and Central Bank Governors to examine the implications of nature-related risks such as biodiversity loss and nature degradation.

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AIData QualityFSB

FSB highlights importance of data quality in AI for financial stability

By Editor

US Treasury Official Nellie Liang, Chair of the Financial Stability Board (FSB) Standing Committee on Assessment of Vulnerabilities, addressed the OECD-FSB Roundtable on Artificial Intelligence in Finance. Liang emphasised the transformative potential of AI in finance, however she also highlighted the need for robust data quality to manage the risks associated with AI deployment.

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AIAsiaFSB

FSB Asia’s perspective on addressing AI and climate risks

By Editor

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met in Colombo to discuss financial market developments, including the implications of artificial intelligence (AI) and climate change on financial stability.

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DataESGFRCFSB

FRC explores the new ESG data landscape

By Editor

The landscape for Environmental, Social, and Governance (ESG) data is rapidly evolving, and understanding how it is currently used, and how that is likely to change in the near future, is crucial.

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Climate riskFSB

FSB Continues Progress on Climate-Related Financial Risks

By Editor

In July 2021 the Financial Stability Board (FSB) released a comprehensive Roadmap, which aims to strengthen risk management practices and enhance financial system resilience to climate-related risks. It outlined key actions to be taken in four areas: firm-level disclosures, data, vulnerabilities analysis, and regulatory practices.

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ESGFSBISOCOISSB

FSB collaborates with IOSCO to support ISSB roll out

By Editor

In a recent letter addressed to G20 Finance Ministers and Central Bank Governors, the Financial Stability Board (FSB) notes that it is intensifying its efforts to address climate-related financial risks by working closely with the International Organization of Securities Commissions (IOSCO) to support the roll out of the International Sustainability Standards Board (ISSB) final standards.

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CompensationESGFSB

Compensation increasingly linked to ESG goals

By Editor

With a lot of discussion on the how and when of sustainability disclosures, it can be easy to forget some of the motivations behind the changes. This week the Financial Stability Board (FSB) published a report taking a deep dive into climate-related risk in compensation frameworks – an area that relies on quality, reliable, climate-related […]

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ClimateClimate riskESGFSBSupervision

FSB weighs in on climate reporting; G20 encourages consistency

By Editor

The Financial Stability Board (FSB) has published a final report on supervisory and regulatory approaches to climate-related risks.

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CybersecurityDigitisationFSBReportingXBRL

Lighting a FIRE under cyber incident reporting: Digital-first format needed?

By Editor

The Financial Stability Board recommends greater convergence in cyber incident reporting, including a common format for incident reporting exchange, or FIRE. We urge a digital-first approach using XBRL to ensure comparability and effective analysis.

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ClimateClimate riskDataESGFSBStability

High-quality data to navigate stormy seas

By Editor

“The target for many of you is to achieve superior risk adjusted returns. For this you need reliable data and decision-making tools that allow you to incorporate emerging risks and opportunities into your portfolio allocation and risk management early on,” says Klaas Knot, Chair of the Financial Stability Board (FSB), in recent remarks to institutional investors.

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