FSB Consults on Principles for Modernizing Regulation and Supervision
Overview
On October 14, the Financial Stability Board (FSB) published a consultation report titled “Regulatory and Supervisory Modernisation Principles.” It presents eight high-level principles for financial authorities and case studies of authorities’ efforts in different jurisdictions, and invites broad feedback. Comments must be submitted in English by January 8, 2027, using the online form specified by the FSB Secretariat.
Key points
- The FSB published a consultation report on principles for modernizing regulation and supervision.
- The report presents eight high-level principles for financial authorities.
- Comments must be submitted in English by January 8, 2027.
Overview
Many FSB member authorities are reviewing whether their regulatory and supervisory frameworks promote sustainable economic growth and are forward-looking and adaptable enough to address significant current and future risks. They are also considering how to avoid undermining financial stability or the soundness and safety of financial institutions.
The consultation report is titled “Regulatory and Supervisory Modernisation Principles.”
Impact
FSB member authorities aim to continue sharing good practices and insights on regulatory and supervisory frameworks, including modernization, to promote learning among authorities. They also intend to use this sharing to encourage greater consistency among efforts across jurisdictions.
Details
The consultation report presents eight high-level principles for financial authorities, along with case studies of authorities’ efforts in different jurisdictions, and invites broad feedback. Comments must be submitted in English by January 8, 2027, using the online form specified by the FSB Secretariat.