Stability Matters - Latest News From The FSB

“Sense and Sensibility” in nonbank regulation: a thoughtful approach to nonbank financial regulation

In a speech at NYU Stern School of Business, John Schindler explores whether, and how, bank-like regulations should apply to nonbanks.

From Plans to Practice: Operationalising Resolution

Progress report reviews the achievements in 2025, and outlines plans to further strengthen global resolution frameworks and crisis preparedness in 2026.

Revised Version of Good Practices for Crisis Management Groups

A revised version of the 2021 practices paper incorporates lessons from the 2023 bank failures on communication with host authorities not members of a crisis management groups.

Practices Paper on the Operationalisation of Transfer Tools

Transfer tools enable the orderly resolution of failing banks, preserving critical functions without taxpayer loss.

Recap

Global Monitoring Report on Nonbank Financial Intermediation 2025

Upcoming

3 February: Vulnerabilities in Government Bond-backed Repo Markets
6 February: Consultation closes on Scope of Insurers Subject to the Recovery and Resolution Planning Requirements in the FSB Key Attributes
Forthcoming: FSB Work Programme for 2026

Meet the FSB Secretariat

Grace Sone

Head of Cooperation and Organisation

Hi! My name is Grace Sone. I joined the FSB in 2010 from the Federal Reserve Bank of New York.

I arrived at a time when global cooperation was at its peak, with a shared mission to strengthen the financial system in the wake of the global financial crisis. The FSB felt like a small start-up where everyone worked as a team to ensure its work remained relevant and impactful.

I had the privilege of contributing to key policy initiatives, including the development of the FSB SIFI Framework and reporting progress to the G20. Without being confined to a single area of expertise, I worked on a wide range of topics, including supervisory effectiveness, cross-border payments and cyber resilience. I also oversaw the operations of the Secretariat and coordinated the six FSB Regional Consultative Groups.

After 15 years in the Secretariat, I am now hanging up my high heels and looking forward to spending more time with family and friends. Retirement offers an opportunity to reflect on this experience.

I’m proud to have been part of the FSB’s formative years. While the world keeps changing, I am confident the FSB will remain at the forefront of promoting global financial stability.