FSB Americas Group discusses financial risks, cyber resilience
The Financial Stability Board's Regional Consultative Group for the Americas met in Grand Cayman on May 19-20, 2026. Senior officials discussed global and regional financial vulnerabilities and FSB work priorities.
Assessing vulnerabilities and work priorities
Co-chaired by Lisa D. Cook of the US Federal Reserve Board and Jide Lewis, Deputy Governor of the Bank of Jamaica, the meeting addressed global and regional financial vulnerabilities.
Key discussions centered on the FSB's work priorities for 2026, with a strong focus on operational resilience, including cyber risks.
The group also advanced jurisdictional action plans for enhancing cross-border payments.
A significant portion of the agenda was dedicated to examining nonbank activity in sovereign bond markets and the persistent data challenges involved in monitoring these activities.
This broad scope aimed to bolster financial stability across the Americas region.
Fostering cross-border stability
The Regional Consultative Group for the Americas provides a crucial platform for structured engagement among senior officials from central banks, financial authorities, and regulatory bodies across the region.
Hosted by the Cayman Islands Monetary Authority, the meeting underscored the importance of international cooperation in promoting global financial stability.
The group aims to effectively implement international financial policies and proactively address specific regional vulnerabilities.
This collaborative approach is vital for developing harmonized strategies and sharing best practices to safeguard the financial system against emerging threats.