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Assessment of Risks to Financial Stability from Crypto-assets

This report provides the FSB’s view on recent developments in crypto-asset markets and their implications for global financial stability.

16 February 2022

Crypto-asset markets: Potential channels for future financial stability implications

FSB analysis considers primary risks from crypto-assets and their financial stability impacts.

10 October 2018

The Financial Stability Implications of Multifunction Crypto-asset Intermediaries

Report assesses financial stability risks related to multifunction crypto-asset intermediaries and derives implications for policy consideration.

28 November 2023

Crypto assets and financial stability

FSB Secretary General in an interview on Times Radio about the FSB's report on "Assessment of Risks to Financial Stability from Crypto-assets".

18 February 2022

Crypto-assets: Report to the G20 on the work of the FSB and standard-setting bodies

Monitoring framework with metrics that will be used to monitor financial stability implications of crypto-asset markets.

16 July 2018

FSB Americas Group discusses risks associated with the sovereign-bank nexus and crypto-asset arrangements

FSB holds meeting of its Regional Consultative Group for the Americas in the British Virgin Islands.

18 June 2024

FSB warns of emerging risks from crypto-assets to global financial stability

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.

16 February 2022

FSB assesses risks of multi-function crypto-asset intermediaries

Report describes common characteristics of multi-function crypto-asset intermediaries, assesses their vulnerabilities and potential financial stability risks, and draws policy implications.

28 November 2023

FSB sets out potential financial stability implications from crypto-assets

Report updates on FSB monitoring and analysis of crypto-asset markets.

10 October 2018

FSB report sets out framework to monitor crypto-asset markets

Report to G20 sets out crypto-asset monitoring framework and updates on the work of international standard-setters.

16 July 2018

FSB MENA group discusses implementation of the global framework for crypto-asset activities and lessons from 2023 banking turmoil

FSB holds meeting of Regional Consultative Group for the Middle East and North Africa in Riyadh.

6 February 2024

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.

11 October 2023

FSB Plenary meets in Toronto

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

14 June 2024

11 April 2024

FSB Asia Group discusses vulnerabilities arising from non-bank financial intermediation and crypto-assets

FSB holds meeting of its Regional Consultative Group for Asia in Cebu, Philippines.

17 May 2023

FSB Europe Group discusses regional vulnerabilities, crypto-assets and climate change

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

24 May 2022

FSB Middle East and North Africa group discusses developments in financial markets and crypto-asset markets

FSB holds virtual meeting of the Regional Consultative Group for the Middle East and North Africa.

12 June 2023


FSB Plenary meets in Basel

FSB members discussed the outlook for global financial stability, reviewed issues of particular relevance to emerging market and developing economies (EMDEs) and agreed the FSB’s work programme for 2023.

6 December 2022

The Financial Stability Risks of Decentralised Finance

Report analyses the DeFi ecosystem, identifies vulnerabilities and sets out work to address them.

16 February 2023

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Last updated: 14 May 2019