News with the tag "Fsb"

FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance, and systemic vulnerabilities.

The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.

The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology's interaction with legacy systems.

The Financial Stability Board (FSB) has put out a red flag about the global spread of stablecoins, especially concerning their effects on developing economies. While stablecoins are praised for their ability to make transactions smoother and provide a stable store of value, the FSB’s report highligh...

The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB als...

The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies.

Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently n...

The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said.

In a letter dated February 20 and released February 26, Knot told G20 finance ministers and central bankers that the global financial stability outlook “remains challenging.” The post FSB To Focus on Asset Tokenization and AI, Chair Says appeared first on Cryptonews .

In a recent letter to finance ministers from the Group of 20 (G20) countries, Klaas Knot, Chair of the Financial Stability Board (FSB), emphasized the importance of monitoring crypto assets, tokenization, and artificial intelligence (AI) for maintaining global financial stability. The FSB, a key int...