The Financial Stability Board (FSB) Plenary met yesterday and today in Basel. Members discussed the outlook for global financial stability, including issues of particular relevance to emerging market and developing economies (EMDEs). Members also agreed the FSB’s work programme for 2024. Financial stability outlook The Plenary discussed the outlook for financial stability. While the banking system as a whole remains resilient, the Plenary discussed pockets of remaining banking-sector vulnerabilities, property markets and operational resilience. After more than a decade of low interest rates, the financial system is ... (full story)