FSB Chair Andrew Bailey submitted the letter to G20 finance ministers and central bank governors ahead of their October 15 meeting, calling for continued vigilance as the pace of change in the financial system accelerates. Alongside the letter, the FSB published its report on cross-border vulnerabilities and financial-stability monitoring of global stablecoin arrangements, and flagged forthcoming reports on sound practices for responsible AI adoption, regulatory and supervisory modernisation, and G20 implementation monitoring.
Latest (Monday, October 12): the FSB spelled out the report package. Beyond the stablecoin note, the reports being delivered at the request of the US G20 Presidency include finalized sound practices for the responsible adoption of artificial intelligence across the financial system, a consultation report on regulatory and supervisory modernisation, a thematic peer review on public sector backstop funding mechanisms in bank resolution, and a G20 Implementation Monitoring Review follow-up to the October 2025 interim review, per the FSB’s own press page. The monitoring work was set up under the 2025 South African G20 Presidency, with an implementation-monitoring working group led by external chair Randal Quarles, the former FSB chair. The FSB says the rapid pace of AI development means safe AI adoption across the financial system will remain a feature of its agenda next year.