The Financial Stability Board (FSB) has announced an expansion of its mandate, a move impactful to the banking and financial community. This information was communicated by the Bank Policy Institute, which notes the importance of this development for universal banks, regional banks, and major foreign banks operating in the United States.
Providing academic research, regulatory analysis, and commentaries, the Bank Policy Institute ensures that the financial services industry is well-represented on critical issues, such as cybersecurity, fraud, and information security.
With the FSB's broadened scope, stakeholders can expect more robust guidance and oversight on matters affecting the financial landscape.