The Format for Incident Reporting Exchange (FIRE) is a framework developed by the FSB to standardize the reporting of cyber and operational incidents across borders. FIRE, created with private sector collaboration, aims to promote consistency, improve communication, and address the challenges of reporting to multiple authorities. It offers standardized information items and flexibility for various operational and cyber incidents, and can be used by third‑party service providers and organizations outside the financial sector. The FSB provides a downloadable taxonomy package to facilitate FIRE's global adoption and plans to review its implementation in 2027.