<p><span>The Financial Stability Board (FSB) today published a </span><a href="https://www.fsb.org/2022/02/approaches-to-debt-overhang-issues-of-non-financial-corporates-discussion-paper/">discussion paper on debt overhang issues of non-financial corporates in the context of the COVID-19 pandemic</a><span>.</span></p>
On February 16, the Financial Stability Board issued an updated “Assessment of Risks to Financial Stability from Crypto-assets,” concluding that crypto-asset markets are fast evolving.
<p><span>Crypto-asset markets are fast evolving and could reach a point where they represent a threat to global financial stability due to their scale, structural vulnerabilities and increasing interconnectedness with the traditional financial system. This is the Financial Stability Board’s (FSB’s) <a href="https://www.fsb.org/2022/02/assessment-of-risks-to-financial-stability-from-crypto-assets/">updated assessment of risks to financial stability from crypto-assets</a>, published today.</span></p>
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<p><span>The Financial Stability Board (FSB) has appointed Martin J. Gruenberg, Acting Chairman of the US Federal Deposit Insurance Corporation (FDIC), as Chair of the FSB’s Resolution Steering Group (ReSG), effective 15 February 2022.</span></p>