This update is a high-level institutional announcement about crisis management frameworks and resolution regimes, lacking any direct reference to specific retail banking products, consumer accounts, or deposit-taking services that would trigger Retail Banking classification.
This is a procedural and strategic governance announcement about crisis preparedness infrastructure, not an investment services regulation or asset management update.
Specialism
The FSB's strategic review of crisis preparedness and resolution regimes touches on financial institution distress management, which has tangential relevance to payment system resilience, but the content is primarily focused on macroprudential crisis management rather than payment-specific regulation.
Low confidence — requires human review. While the review addresses system recovery and crisis response frameworks, it is not payment-firm-specific and lacks concrete payment service provider obligations or technical standards.
2026-02-20 09:39:07·adavies@vixio.com
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2892311
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The review aims to strengthen coordination and ensure the FSB’s approach to prepare for potential crises adapts to emerging vulnerabilities and structural…
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TITLE: Financial Stability Board Launches Strategic Review of Crisis Preparedness Activities
BODY:
The Financial Stability Board (FSB) has launched a strategic review of its crisis preparedness activities to strengthen the global financial system's ability to respond to financial institution distress and sectoral disruptions. The review, announced in January 2026, builds on over 15 years of standard-setting anchored in the Key Attributes of Effective Resolution Regimes for Financial Institutions, first adopted in 2011.
The FSB's strategic review aims to strengthen and adapt crisis preparedness activities in response to emerging vulnerabilities in the global financial system, drawing on lessons learned from financial crises since the FSB's formation in 2009. The review will enhance crisis preparedness activities across all stages of a crisis, from early intervention measures through recovery and resolution to post-stabilisation restructuring. It will also refine internal processes and organisational structure to achieve the FSB's strategic objectives for crisis preparedness, while strengthening the central role of the Key Attributes as the international standard for resolution regimes.
The FSB has appointed Andrea Enria, former Chair of the Supervisory Board of the European Central Bank and the first Chair of the European Banking Authority, to lead a high-level group conducting the strategic review. Enria stated that "the ability to manage crises effectively is not just a technical requirement but a cornerstone of global financial stability," emphasising the importance of ensuring the crisis management framework remains credible and fit for purpose.
The review follows the FSB's 2023 report on bank failures and preliminary lessons learned from resolution events in Switzerland, the US, and the UK in March 2023, as well as the 2024 revised Key Attributes incorporating additional guidance on financial resources and tools for orderly central counterparty resolution.
**References:**
Financial Stability Board. Strategic review of FSB crisis preparedness activities. Available at: https://www.fsb.org