FSB 2026 Work Programme: Financial Stability and Systemic Risks

The Financial Stability Board (FSB) has published its work programme for 2026, outlining key priorities to promote global financial stability. The programme focuses on addressing systemic risks through vulnerability assessments, nonbank financial intermediation, cross-border payments, digital innovation, and operational resilience.

FSB Report on Strengthening Global Bank Resolution Frameworks

The Financial Stability Board (FSB) released its 2025 Resolution Report, detailing progress in strengthening global resolution frameworks for banks, insurers, and financial market infrastructures. The report highlights achievements in 2025 and outlines future work to enhance crisis preparedness and operationalize resolution tools.

FSB Peer Review: Public Sector Backstop Funding Mechanisms

The Financial Stability Board (FSB) is conducting a thematic peer review on public sector backstop funding mechanisms and has issued a summary of terms of reference. The FSB is seeking feedback from financial institutions and other stakeholders by March 31, 2026, to inform its review of implementation progress.

SEC Risk Alert on Investment Company Core Areas Review

The SEC's Division of Examinations has published a Risk Alert detailing typical document requests and examination observations for registered investment companies. The alert aims to help funds and their advisers enhance their compliance programs and practices by highlighting key review areas such as compliance programs, disclosures, and governance.

SEC Municipal Advisors Risk Alert and Examination Guidance

The SEC's Division of Examinations has published a Risk Alert to assist municipal advisors in understanding the examination process. The alert details potential areas of focus, selection criteria for examinations, and initial document requests.

SEC Division of Examinations Announces 2026 Priorities

The SEC's Division of Examinations has announced its 2026 examination priorities, focusing on areas of heightened risk to investors and compliance with new rules like amendments to Regulation S-P. The priorities aim to provide transparency and encourage firms to strengthen their compliance programs.

SEC Risk Alert on Advisers Act Marketing Rule Compliance

The SEC's Division of Examinations issued a Risk Alert highlighting observations regarding investment advisers' compliance with the Marketing Rule. The alert focuses on disclosure requirements, oversight practices for testimonials and endorsements, and due diligence for third-party ratings.

BIS General Manager Statement on Villeroy de Galhau Departure

The Bank for International Settlements (BIS) issued a statement from General Manager Pablo Hernández de Cos acknowledging the departure of François Villeroy de Galhau, Governor of the Bank of France, from his role as Chair of the BIS Board of Directors. The BIS will begin the process of appointing a new Chair.

Basel Committee: Governors welcome Basel III progress, discuss cryptoassets and G-SIBs

The Group of Central Bank Governors and Heads of Supervision (GHOS) met on March 9, 2026, to review progress on Basel III implementation, with approximately 75% of member jurisdictions having implemented or planning to implement the standards. The GHOS also endorsed targeted reviews of prudential standards for cryptoasset exposures and the assessment methodology for global systemically important banks (G-SIBs).

Basel Committee Publishes Synthetic Risk Transfer Analysis Report

The Basel Committee on Banking Supervision has published a report analyzing synthetic risk transfer (SRT) transactions. The report notes that while SRTs appear more prudently structured than pre-GFC transactions, risks associated with their growing use merit continued supervisory monitoring.