In 2025, the FSB continued its efforts to strengthen financial systems, enhance the stability of international financial markets and promote consistent and coherent implementation of policy recommendations across sectors and jurisdictions.
Key areas of focus for the year under review included addressing financial stability risks from leverage in NBFI and related data challenges; ensuring full and consistent implementation of the FSB regulatory framework for crypto-asset activities and global stablecoin arrangements; initiatives to enhance the resolution and operational resilience of financial firms; and improving cross-border payments.
Against a backdrop of rising vulnerabilities, the next phase of the FSB strategic review of implementation launched in 2025 will focus on identifying the root causes of a slowdown in G20 reform implementation and on finding ways to promote implementation more effectively.
