The Financial Stability Board (FSB) Regional Consultative Group for Europe (RCG Europe) met on 2–3 November 2026 in Bern, hosted by the Swiss National Bank. The meeting brought together senior officials from central banks, financial authorities and regulatory bodies across the region to discuss key financial stability topics.
Co-chaired by Antoine Martin, Vice-Chairman of the Swiss National Bank’s Governing Board, and Marja Nykänen, Deputy Governor of the Bank of Finland, the meeting covered:
- An update on the FSB’s 2026 work programme and a look ahead to priorities for 2027;
- Global and regional financial vulnerabilities, including vulnerabilities associated with European sovereign bond markets and cyber risks amplified by advanced artificial intelligence (AI) models;
- Crisis preparedness and public liquidity support, including funding in resolution as well as central bank liquidity facilities for solvent firms;
- RCG Europe members-institutions’ work on financial stability vulnerabilities associated with extreme weather events, including on natural catastrophe insurance protection gaps.
The meeting featureded a panel session on regulatory and supervisory modernisation. Members discussed the FSB’s proposed principles for modernising regulatory and supervisory frameworks, including their applicability in the European context. Members also discussed areas for further regional engagement and provided input for FSB Plenary discussions.SB’s proposed principles for modernising regulatory and supervisory frameworks, including their applicability in the European context. Members also discussed areas for further regional engagement and provided input for FSB Plenary discussions.