SIFIs

2023 List of Global Systemically Important Banks (G-SIBs)

List of G-SIBs reduced from 30 to 29.

FSB publishes 2023 G-SIB list

The 2023 list of global systemically important banks comprises 29 banks, one less than the 2022 list.

The recent financial tumult: lessons and responses

Keynote speech by FSB Chair Klaas Knot at the seventh annual conference of the European Systemic Risk Board “Financial stability challenges ahead: emerging risks and regulation”, held virtually.

FSB Plenary meets in Basel

FSB members discussed the outlook for global financial stability, including issues of particular relevance to emerging markets and developing countries, as well as the FSB’s deliverables to Brazil’s G20 Presidency.

Identification of Critical Functions of Insurers: Practices paper

This report describes and discusses the approaches chosen by Australia, China, France and the Netherlands for the identification of critical functions of insurers.

Summary of workshop on insurers’ critical functions and digital innovation

Overview of the main takeaways from the insurance industry workshop on resolution planning for insurers.

FSB Europe Group discusses regional developments and lessons learned from March bank failures

FSB holds meeting of its Regional Consultative Group for Europe in Madrid.

Promoting Global Financial Stability: 2023 FSB Annual Report

Report presents the FSB’s assessment of current and emerging vulnerabilities in the global financial system and reflections from the March banking turmoil; outlines the FSB’s work to address these vulnerabilities; and reports on the implementation and effects of G20 financial reforms.

Annual Report highlights FSB’s work to assess and address vulnerabilities in the global financial system

2023 annual report to the G20 describes reflections on the March banking turmoil, financial stability outlook, the FSB’s priority areas of work and the implementation and effects of the financial regulatory reforms

2023 Bank Failures: Preliminary lessons learnt for resolution

Report reviews the events of March 2023 in Switzerland, the US, and the UK, the handling of distressed banks, and the implications for the effective operationalisation and implementation of the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions.

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