The Financial Stability Board has published a report to the G20 on the financial stability implications and policy measures taken in response to the coronavirus pandemic. The report provides an overview of the impact on financial stability of the outbreak and describes the policy actions taken by FSB member jurisdictions. The FSB confirms that it is monitoring financial resilience, focusing on the ability of:

• financial institutions and markets to channel funds to the real economy;
• market participants to obtain U.S. dollar funding, particularly in emerging markets;
• financial intermediaries to manage liquidity risk; and
• market participants and financial market infrastructures, such as CCPs, to manage evolving counterparty risks.

The report also sets out how the FSB is supporting international cooperation and coordination on the COVID-19 response by: (i) information sharing; (ii) conducting financial stability risk assessments; and (iii) assisting with coordinating responses on policy issues.

View the FSB's report to the G20 on the COVID-19 response.

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