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FSB Warns G20: Markets Face Possible Crash Risks

10/14/2025

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Summary

Story summary

The Financial Stability Board (FSB) warns markets are vulnerable to a crash amid uncertain economic and geopolitical conditions.
In a letter to G20 ministers, Andrew Bailey, Chair of the Financial Stability Board (FSB), emphasizes multilateral cooperation to prevent crises and bolster growth.
He notes rising sovereign debt and incomplete financial reforms as significant risks.
As the G20 meets in Washington, the FSB calls for timely, consistent reforms to improve stability.

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Story summary

The Financial Stability Board (FSB) warns markets are vulnerable to a crash amid uncertain economic and geopolitical conditions.
In a letter to G20 ministers, Andrew Bailey, Chair of the Financial Stability Board (FSB), emphasizes multilateral cooperation to prevent crises and bolster growth.
He notes rising sovereign debt and incomplete financial reforms as significant risks.
As the G20 meets in Washington, the FSB calls for timely, consistent reforms to improve stability.