Regional Consultative Groups (RCGs)

The FSB established in 2011 six RCGs, one each for the Americas, Asia, Commonwealth of Independent States, Europe, Middle East and North Africa, and Sub-Saharan Africa region,  to expand upon and formalise the FSB’s outreach activities beyond the membership of the G20 and to reflect the global nature of the financial system. The FSB Regional Consultative Groups are governed by an Operational Framework and provide a structured mechanism for:

  • interaction of FSB members with non-members regarding the various FSB initiatives underway and planned;
  • promoting implementation within the region of international financial policy initiatives; and
  • the regional group members to share amongst themselves and with the FSB their views on vulnerabilities affecting the financial system, on FSB initiatives and on other measures that could be taken to promote financial stability.

RCG Member-Jurisdictions

Argentina

Bahamas

Barbados

Bermuda

Bolivia

Brazil

British Virgin Islands

Canada

Cayman Islands

Chile

Colombia

Costa Rica

Guatemala

Honduras

Jamaica

Mexico

Panama

Paraguay

Peru

Trinidad And Tobago

Uruguay

US

Jurisdictions shown in bold are also members of the FSB.

Australia

Brunei Darussalam

Cambodia

China

Hong Kong SAR

India

Indonesia

Japan

Korea

Malaysia

New Zealand

Pakistan

Philippines

Singapore

Sri Lanka

Thailand

Vietnam

Jurisdictions shown in bold are also members of the FSB.

Armenia

Belarus

Kazakhstan

Kyrgyz Republic

Russia

Tajikistan

Jurisdictions shown in bold are also members of the FSB.

Austria

Belgium

Czech Republic

Denmark

Finland

France

Germany

Greece

Hungary

Iceland

Ireland

Israel

Italy

Luxembourg

Netherlands

Norway

Poland

Portugal

Romania

Spain

Sweden

Switzerland

Ukraine

UK

GIFCS

Jurisdictions shown in bold are also members of the FSB.

Algeria

Bahrain

Egypt

Jordan

Kuwait

Lebanon

Morocco

Oman

Qatar

Saudi Arabia

Tunisia

Türkiye

United Arab Emirates

Jurisdictions shown in bold are also members of the FSB.

Angola

Botswana

Ghana

Kenya

Mauritius

Namibia

Nigeria

South Africa

Tanzania

Uganda

Zambia

BEAC

BCEAO

Jurisdictions shown in bold are also members of the FSB.

List of RCG-member jurisdictions

Members of the RCGs

Each RCG is co-chaired by an official from a FSB member and a FSB non-member institution. The names below are listed in that sequence.

RCG for the Americas

Co-Chair RCG Americas - Tiff Macklem

Tiff Macklem

Co-Chair RCG for the Americas

Governor, Bank of Canada

Kenneth Baker

Kenneth Baker

Co-Chair RCG for the Americas

Managing Director and CEO, British Virgin Islands Financial Services Commission

Members of the RCG for the Americas


RCG for Asia

Eddie Yue - Co-Chair of RCG Asia

Eddie Yue

Co-Chair RCG for Asia

Chief Executive, Hong Kong Monetary Authority

Co-Chair of RCG Asia

P Nandalal Weerasinghe

Co-Chair RCG for Asia

Governor, Central Bank of Sri Lanka

Members of the RCG for Asia


RCG for the Commonwealth of Independent States (CIS)

Alexey Moiseev

Co-Chair RCG for the CIS

Deputy Finance Minister, The Russian Federation

CIS Co-Chair Nurbekyan

Armen Nurbekyan

Co-Chair RCG for the CIS

Deputy Governor, Central Bank of Armenia

Members of the RCG for the CIS


RCG for Europe

To be updated

Soledad Núñez

Co-Chair RCG for Europe

Deputy Governor, Bank of Spain

Vasileios Madouros

Vasileios Madouros

Co-Chair RCG for Europe

Deputy Governor, Central Bank of Ireland

Members of the RCG for Europe


RCG for the Middle East and North Africa (MENA)

Ayman Alsayari

Ayman Alsayari

Co-Chair RCG for MENA

Governor, Saudi Central Bank

Hassan Abdalla

Hassan Abdalla

Co-Chair RCG for MENA

Governor, Central Bank of Egypt

Members of the RCG for MENA


RCG for Sub-Saharan Africa (SSA)

Co-Chair RCG SSA - Lesetja Kganyago

Lesetja Kganyago

Co-Chair RCG for Sub-Saharan Africa

Governor, South African Reserve Bank

Denny Kalyalya

Denny Kalyalya

Co-Chair RCG for Sub-Saharan Africa

Governor, Bank of Zambia

Members of the RCG for SSA


All current and former RCG Co-Chairs