FSB boosts role of regional groups in decision-making

Carolyn Wilkins

Bank of Canada senior deputy governor Carolyn Wilkins co-chaired the review

The Financial Stability Board is to increase the involvement of its regional forums in core aspects of its work.

The Regional Consultative Groups (RCGs) connect the 25 FSB member jurisdictions with a further 70 jurisdictions. Twice-yearly meetings bring together central bankers, regulators and finance ministers.

A review, chaired by the Bank of Canada’s Carolyn Wilkins and Bank of Botswana’s Moses Pelaelo, found these events are valued by participants as an “important mechanism” for exchanging

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