The Central Bank of Türkiye released a statement on its hosting of the Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Middle East and North Africa meeting in Istanbul, co-chaired by Central Bank of Türkiye Governor Fatih Karahan and Central Bank of Egypt Governor Hassan Abdalla. The meeting focused on current financial stability topics, including global and regional vulnerabilities and emerging risks. Officials from central banks, ministries of treasury and finance, and financial supervisory authorities from Bahrain, the United Arab Emirates, Algeria, the United Kingdom, Qatar, Kuwait, Lebanon, Egypt, Saudi Arabia, Singapore, Tunisia, Oman and Jordan attended, alongside representatives from the International Monetary Fund and the World Bank. Discussions covered the impact of debt sustainability on financial stability, the role of non-bank financial intermediaries in the region, and the use of artificial intelligence in finance, and members exchanged information on the FSB’s work in 2025 and its priorities for 2026.
Central Bank of Türkiye 2025-11-13
Central Bank of Türkiye hosts FSB MENA Regional Consultative Group meeting on vulnerabilities, debt sustainability, NBFIs and AI
The Central Bank of Türkiye hosted the Financial Stability Board Regional Consultative Group for the Middle East and North Africa meeting in Istanbul, focusing on financial stability topics like global and regional vulnerabilities and emerging risks. Officials from various countries and international organizations discussed debt sustainability, non-bank financial intermediaries, and artificial intelligence in finance. Members also exchanged information on the FSB’s 2025 work and 2026 priorities.