FSB Speech: Resilience, Middle East Conflict and Private Credit
FSB's John Schindler addressed Insurance Europe on financial stability, market volatility, the Middle East conflict and private credit risks.
The speech highlights vulnerabilities including geopolitical tensions, market volatility and growth in private credit markets. It signals continued FSB focus on non-bank intermediation and resilience under tail-risk conditions.
Private credit and geopolitical risk are increasingly central to supervisory expectations on bank and insurer resilience.
Action Required
Stress test exposures to private credit, geopolitical shocks and market volatility scenarios.
Signals strategic FSB focus areas with direct implications for insurer and bank capital and liquidity planning.
Update scenario library to include Middle East-linked shocks and private credit deterioration. Review insurer exposures to illiquid credit and assess concentration risk.
“At Insurance Europe's 16th International Conference, FSB's John Schindler discusses the financial stability outlook and vulnerabilities related to the Middle East conflict, market volatility, and private credit.”
Published: 2026-05-28