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FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: August 2026
Financial Stability Board • • business
Key Points:
- FSB Chair Andrew Bailey cautions G20 Finance Ministers and Central Bank Governors about market vulnerabilities amid the ongoing Middle East conflict, highlighting risks of a disorderly correction spreading internationally.
- Key concerns include fragilities in sovereign debt markets, vulnerabilities in private credit, and stretched asset valuations that could exacerbate financial instability.
- The emergence of advanced frontier AI models with sophisticated autonomy and threat capabilities adds complexity to the risk landscape, potentially accelerating cyber risks and undermining market confidence.
- Bailey emphasizes the critical need for global authorities to enhance resilience by supporting the safe and responsible release and deployment of frontier AI technologies.
