FSB 2026 work programme

The Financial Stability Board (FSB) has published its 2026 work programme. The FSB states it will continue its mission to promote global financial stability by addressing systemic financial risks and fostering international cooperation. Key priorities for the year include:

• Vulnerabilities assessments – the FSB will complete a report on private credit and will begin new work on vulnerabilities, possibly including work on foreign exchange derivative markets or private finance.
• Non-bank financial intermediation (NBFI) – the FSB will work to improve its methodologies to assess vulnerabilities in the non-bank sector as well as work on non-bank leverage and over-the-counter derivatives.
• Cross-border payments – the FSB will continue to coordinate the implementation of the G20 cross-border payments roadmap by helping jurisdictions with the development of their voluntary, specific and time-bound action plans.
• Digital innovation and AI – the FSB will continue to monitor developments regarding cryptoassets and will examine issues related to possible stablecoin vulnerabilities. It will also undertake work on sound practices for AI adoption, use and innovation by financial institutions, in close coordination with the standard-setting bodies.
• Operational resilience – the FSB will focus on public-private sector collaboration to strengthen financial sector-wide capabilities to prepare for major operational disruptions.
• Modernisation of financial regulation and supervision – the FSB will conduct a stocktake of member initiatives, and informed by the findings, will conduct follow-up work which may promote well-aligned modernisation outcomes around the globe.
• Crisis preparedness and resolution frameworks – the FSB will conduct a thematic peer review of the implementation of public sector backstop funding mechanisms, facilitate the sharing of practices to enhance operational preparedness for funding in resolution and support authorities in operationalising cross-border bail-in strategies. It will also conduct a strategic review of its crisis preparedness activities to ensure that they remain well aligned with emerging priorities and challenges.
• Monitoring implementation of agreed reforms – the FSB plans to do this through thematic discussions and the continuation of the thematic and country peer review programme.

The Annex provides an indicative timeline of key FSB publications and external events planned for 2026, with a summary list provided on its webpage.

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