The Financial Stability Board’s Regional Consultative Group for Europe met in Vienna on 2-3 June 2026 to discuss key financial stability issues. The meeting brought together senior officials from central banks, financial authorities and regulatory bodies across the region, with the agenda covering the FSB’s 2026 work programme, global and regional financial vulnerabilities, the financial stability implications of advanced AI models, and system-wide exploratory stress testing. Members also held a roundtable on private credit, focusing on its growth in Europe, liquidity risks, and vulnerabilities linked to retail investor involvement in private credit funds. The meeting was hosted by Oesterreichische Nationalbank and co-chaired by Antoine Martin of the Swiss National Bank and Marja Nykänen of the Bank of Finland.