Sound Practices for Responsible Adoption of Artificial Intelligence (AI) – Consultation Report
As artificial intelligence reshapes financial services — from credit risk assessment and fraud prevention to customer service and trading — the question is no longer whether to adopt it, but how to do so responsibly. The Financial Stability Board (FSB) has released a consultation report proposing 12 sound practices for financial institutions of all types […]
Report on Vulnerabilities in Private Credit
Private credit has grown into a $1.5–2.0 trillion market, expanding well beyond its traditional focus on mid-sized businesses and institutional investors like pension funds and insurers. It is now financing larger companies and increasingly reaching retail investors — but this growth is bringing new risks into focus. The Financial Stability Board’s (FSB) latest report warns […]
Global Monitoring Report on Nonbank Financial Intermediation 2025
The comprehensive monitoring of global trends, vulnerabilities, and innovations of the nonbank financial intermediation (NBFI) sector is a key part of the FSB’s ongoing efforts to enhance financial system resilience. This report describes broad trends in financial intermediation across 29 jurisdictions that account for over 90% of global GDP, before narrowing its focus to the […]