KSA, 31 January, 2025 : The Financial Stability Board (FSB) Regional Consultative Group for the Middle East and North Africa (RCG MENA) held its meeting on January 29-30, 2025, hosted by the Central Bank of Egypt.
Co-chaired by Ayman M. Al-Sayari, Governor of SAMA, and Hassan Abdulla, Governor of the Central Bank of Egypt, the meeting provided non-FSB members with updates on the FSB work program and G20 deliverables. Discussions focused on incorporating regional perspectives into global financial initiatives.
Members assessed global and regional financial vulnerabilities and reviewed key issues affecting financial stability, including cross-border payments, Non-Bank Financial Intermediation (NBFI), and the implementation of crypto regulations.
The FSB RCG MENA includes financial authorities from Saudi Arabia, Bahrain, Qatar, UAE, Oman, Kuwait, Egypt, Jordan, Morocco, Lebanon, Algeria, Tunisia, and Turkey.
Source : www.sama.gov.sa
