FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: April 2026 - Financial Stability Board

The Financial Stability Board has published its Chair’s letter to G20 Finance Ministers and Central Bank Governors, dated April 2026. As is customary ahead of G20 meetings, the letter sets out the FSB’s current priorities and its assessment of vulnerabilities in the global financial system, framing the issues that finance ministers and central bank governors are expected to discuss.

For markets, the significance of such a letter lies less in any single announcement than in the direction of travel it signals. The FSB coordinates international standard-setting and monitors risks that cross borders — from leverage and liquidity in non-bank finance to the functioning of core funding markets. When the FSB flags a concern, it can shape the regulatory agenda that national authorities pursue in the months that follow.

What to watch: how G20 members respond to the Chair’s priorities, and whether any themes translate into concrete workstreams or consultations. Those follow-up steps, rather than the letter itself, are where the practical implications for financial firms and market structure typically emerge.