The Financial Stability Institute (FSI) has unveiled a set of recommendations for supervising global stablecoins (GSCs) to mitigate potential risks. The framework, outlined in an FSI report, emphasizes the necessity of effective regulation and oversight to ensure stability and security within the financial system. Key points include the importance of regulatory powers, a technology-neutral approach, cross-border cooperation, and governance structures for GSC management. Additionally, the report highlights the need for robust risk management, data security, recovery plans, and comprehensive disclosures to address regulatory challenges posed by GSCs.
Share Title: FSI Releases Recommendations for Global Stablecoin Supervision
Share Description: Explore the comprehensive framework unveiled by the Financial Stability Institute (FSI) for supervising global stablecoins (GSCs) to mitigate risks and ensure stability within the financial system. Learn about key recommendations addressing regulatory challenges and promoting effective oversight of GSC arrangements.
Share Tags: Financial Stability Institute, FSI, Global Stablecoins, GSCs, Regulation, Supervision, Risk Management, Financial Stability, Regulatory Challenges, Governance Structures, Data Security, Recovery Plans, Disclosure Requirements