Consultative Groups News Today

<p><span>The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Sub-Saharan Africa met in Dakar, Senegal. The FSB RCG for Sub-Saharan Africa would like to thank Governor Jean-Claude Kassi Brou and the BCEAO for hosting the meeting for the first time. </span></p>

<p><span>The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Americas met today in Toronto to discuss financial system vulnerabilities, recent banking sector turmoil, developments in crypto-asset markets, and financial risks from climate change. The RCG also held a seminar on cross-border payments.</span></p>

<p><span>The Financial Stability Board (FSB) Regional Consultative Group for Europe met today in London. The group discussed global and regional financial market developments and financial stability risks arising from decentralised finance (DeFi) and from climate change.</span></p>

<p><span>The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met today in Cebu, Philippines. Discussions centred around recent financial market developments and their impact on the region, the role of non-bank financial intermediation (NBFI) in Asia and the  development of an effective global regulatory framework for crypto-assets.</span></p>

<p><span>The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Middle East and North Africa (MENA) met today in virtual format.</span></p>

<p><span>The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Americas met today in Grand Cayman to discuss global and regional economic and financial market developments, including ways to enhance crisis preparedness and management in the region and the importance of cross-border cooperation. Members also received an update on planned FSB work for 2023, including proposed deliverables to India’s G20 Presidency.</span></p>

<p><span>The Financial Stability Board (FSB) Regional Consultative Group for Sub-Saharan Africa met in Diani, Ukunda, hosted by the Central Bank of Kenya, to discuss global and regional economic and financial market challenges, as well as progress in strengthening arrangements for crisis preparedness and management. Members also received an update on the FSB’s work plan for 2023.</span></p>

<p><span>The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Sub-Saharan Africa held their first in-person meeting since the onset of the COVID-19 pandemic, hosted by the Bank of Ghana in Accra. </span></p>

<p><span>The Financial Stability Board (FSB) Regional Consultative Group for Europe today in Stockholm held their first in-person gathering since the onset of the COVID-19 pandemic.</span></p>

<p><span>The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) held a virtual meeting today to discuss current global and regional macroeconomic and financial market developments. The meeting convenes senior representatives of financial and supervisory authorities from key economies in Asia.</span></p>