In many extensions of the SM, including the MFV MSSM, new particle contributions may shift the sign of the b -> s γ amplitude with respect to the SM, leaving the \bar{B} -> Χs γ decay rate within the experimentally allowed bound. I will explain under what circumstances such a scenario is excluded by the latest \bar{B} -> Χs l+ l- measurements. In the second part of the talk, the current status of the perturbative b -> s γ calculations will be summarized.