FSB report takes stock of recent trends in the structure of EMEs’ external borrowing, focusing on the shift towards non-bank financing; examines how these developments contributed to the build-up of vulnerabilities in EMEs and to the March 2020 turmoil; and considers policy measures to enhance EME resilience.
Press Releases
FSB analyses external vulnerabilities in emerging market economies associated with US dollar funding
26 April 2022
20 April 2022
FSB Chair’s letter presents the current outlook for financial stability and sets out the FSB’s plans to assess and address emerging vulnerabilities, including in commodity markets, in the coming months.
5 April 2022
Following years of preparation, the end of 2021 marked a major milestone in the transition away from LIBOR and the FSB welcomes the smooth transition to robust alternative rates across global markets, primarily overnight risk-free or nearly risk-free rates.
31 March 2022
FSB outlines ongoing and planned initiatives in 2022, with work priorities focussing on global and systemic financial challenges, including digitalisation, climate change and potentially also shifts in the macroeconomic and interest rate environment.
21 March 2022
Report considers the financial stability implications from the accelerated trend towards digitalisation during the pandemic and highlights the importance of cooperation between financial, competition and data protection authorities.
10 March 2022
Analysis of existing financial resources and tools for central counterparty (CCP) recovery and resolution confirms the need for further work on CCP financial resources for recovery and resolution.
22 February 2022
FSB invites comments on approaches to and challenges of addressing non-financial corporate debt overhang issues in a post-COVID environment.
17 February 2022
The FSB’s workplan for 2022 will promote global financial resilience during the transition to a post-pandemic world.
Report notes that crypto-asset markets could reach a point where they represent a threat to global financial stability, and calls for timely and pre-emptive evaluation of possible policy responses.
The FSB has appointed new chair for its Resolution Steering Group (ReSG).