Extreme weather and AI risks top Americas stability agenda
The FSB Regional Consultative Group for the Americas met in Mexico City on September 24-25 to address regional financial stability vulnerabilities. Co-chaired by Lisa D. Cook and Jide Lewis, discussions centered on extreme weather, global stablecoins, AI and operational resilience.
Mapping physical and technological shocks
Senior financial officials gathered in Mexico City on September 24-25, 2026, for the Financial Stability Board Regional Consultative Group for the Americas meeting, hosted by the Bank for International Settlements Representative Office for the Americas.
Co-chaired by US Federal Reserve Board Governor Lisa D. Cook and Bank of Jamaica Deputy Governor Jide Lewis, the meeting featured a dedicated workshop on regional vulnerabilities emerging from extreme weather events.
The delegates assessed broad global and regional financial stability issues, paying close attention to geopolitical uncertainty, capital flow dynamics and exchange rate pressures, alongside cross-border risks from global stablecoin arrangements.
Operational buffers against digital disruptions
Beyond macroeconomic vulnerabilities, participants focused on operational resilience within the financial system.
Discussions addressed the rapid adoption of artificial intelligence and quantum computing, assessing their implications for cybersecurity.
Members reviewed crisis preparedness across the Americas, focusing on coordination during severe operational events such as third-party technology outages and cyber attacks.
The group also delivered input on the FSB work priorities for 2026.
Broad mandates, diffuse execution
Elevating climate shocks and cyber threats appropriately expands regional stability oversight.
Yet packing disparate topics from quantum computing to stablecoins into two days dilutes regulatory focus.
Practical resilience demands binding supervisory alignment rather than recurring consultative dialogue.