The FSB, an international body that monitors and makes recommendations for the global financial system, said that the guide will “provide information on the relevant regulators and other authorities in FSB jurisdictions and standard-setting bodies who are dealing with crypto-assets issues, and the aspects covered by them”.
Covering 22 countries, the European Union, and seven international organizations, the directory lists regulators and other authorities dealing with cryptoassets and provides an overview of their work and regulatory scope.
The directory is a part of FSB’s ongoing crypto-related efforts. In its October 2018 report entitled “Crypto-asset markets: Potential channels for future financial stability implications” the organization stated that while cryptoassets “do not pose a material risk to global financial stability at this time” they still required “vigilant monitoring… in light of the speed of market developments”.
The FSB also undertakes regular monitoring of the financial stability implications of developments in cryptoassets, using a framework developed in collaboration with the Committee on Payments and Market Infrastructures.
Chaired by US Federal Reserve Vice Chairman for Supervision Randal K Quarles, the FSB brings together national authorities responsible for financial stability in 24 countries and jurisdictions, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts.