International

Basel Committee Discusses Cryptoasset Standard and Repo Market Vulnerabilities

The Basel Committee on Banking Supervision met to discuss vulnerabilities in government bond-backed repo markets and progress on a targeted review of its cryptoasset exposure standard. The committee also approved technical amendments to the standardized approach to operational risk and a response to a market risk framework FAQ.

FSB Outlines Work on Resolution Frameworks for Banks and Insurers

The Financial Stability Board (FSB) has published its 2025 Resolution Report, outlining progress and future work on global resolution frameworks for banks and insurers. Key priorities for 2026 include addressing funding in resolution and cross-border bail-in execution, alongside a strategic review of crisis preparedness activities.

FSB Publishes 2025 Global Systemically Important Banks (G-SIB) List

The Financial Stability Board (FSB) has published its 2025 list of global systemically important banks (G-SIBs), identifying 29 banks. While the total number remains unchanged, three banks have been reclassified into different capital requirement categories.

FSB Enhances Cross-Border Payments Through Public-Private Partnership

The Financial Stability Board (FSB) has launched a new implementation phase to enhance cross-border payments, focusing on public-private partnerships. The FSB will request members to develop action plans, and industry bodies like the IIF and Swift are outlining initiatives to support these goals.

FSB Warns of Financial Stability Challenges in Repo Markets

The Financial Stability Board (FSB) has published a report highlighting vulnerabilities in government bond-backed repo markets. The report warns of potential financial stability challenges due to leverage, concentration, and demand/supply imbalances, calling for authorities to address data gaps and strengthen surveillance.

FSB Reports Nonbank Financial Intermediation Grew to $256.8 Trillion in 2024

The Financial Stability Board (FSB) reported that nonbank financial intermediation (NBFI) grew by 9.4% in 2024, reaching $256.8 trillion. The report highlights growth across various subsectors and notes limitations in data availability for private credit.

WTO Members Review SPS Trade Concerns and Transparency Challenges

WTO members reviewed a record 76 sanitary and phytosanitary (SPS) trade concerns, including issues related to food additives, animal diseases, and pesticide residues. The Committee on SPS Measures also discussed challenges and potential solutions for improving the transparency of SPS requirements and notifications.

WTO DG Updates Members on 14th Ministerial Conference Preparations

The WTO Director-General provided an update on final preparations for the 14th Ministerial Conference (MC14) in Yaound?, Cameroon, scheduled for March 26-29, 2026. Members are nearing agreement on texts for ministerial consideration, including discussions on WTO reform.

Uzbekistan Commits to WTO Accession in 2026

Uzbekistan has reaffirmed its commitment to accede to the World Trade Organization (WTO) by the end of 2026. The Working Party on the Accession of Uzbekistan met on March 9, 2026, to discuss progress, with members commending the country's reforms and nearing conclusion of bilateral market access negotiations.

WTO Technical Assistance Programmes Launch

The WTO launched its 2026 technical assistance programmes, the French Irish Mission Programme (FIMiP) and the Netherlands Talent Programme (NTP). These programmes will provide training to 34 government officials from developing and least-developed WTO members over ten months.