The Financial Stability Board (FSB) Regional Consultative Group for the Middle East and North Africa (RCG MENA) met today in Riyadh. The group discussed global and regional financial stability vulnerabilities, including financial risks arising from the higher interest-rate environment and vulnerabilities in non-bank financial intermediation. A key focus for the FSB is the effective implementation of its global regulatory and supervisory framework for crypto-asset activities and markets. Members discussed the joint IMF-FSB roadmap to ensure effective, flexible, and coordinated implementation of the comprehensive policy response for crypto-assets, including of the FSB framework. A key focus for the FSB is the effective implementation of its global regulatory and supervisory framework for crypto-asset activities and markets.
