Finance › Speeches › Klaas Knot

How is the water? Continuing our work to preserve financial stability

· Klaas Knot, Chair of the Financial Stability Board (International)

Summary written by Dark Majestic in its own words · topics: financial stability, payments, digital money and crypto-assets, climate, energy and nature, technology, ai and cyber risk

KK
· Klaas Knot Wiki · Financial Stability Board WikiHow is the water? Continuing our work to preserve financial stability

ContextRemarks by the outgoing Chair of the Financial Stability Board; the FSB coordinates financial regulation for the G20 and must keep reforms on track as political support weakens.

Why it mattersThe outgoing FSB chair points to data gaps around non-banks, crypto and climate as the main blind spots in global oversight.

Problems raised
  1. Data gaps hide risks in the financial system.
  2. Non-bank finance, crypto-assets and climate change create new vulnerabilities.
  3. Risk management practices have not kept pace.
Solutions proposed
  1. Close data gaps to support monitoring and policy design.
  2. Keep strengthening risk management across financial firms.
  3. Deepen cross-border cooperation on implementation.
Read full speech on fsb.org ↗

More from Klaas Knot · Financial Stability Board · all speeches

More speeches by Klaas Knot

Other leaders on financial stability