FSB Regional Consultative Group for the Americas meets in Bermuda

The Financial Stability Board (FSB) Regional Consultative Group for the Americas met on 16 December in Bermuda, hosted by the Bermuda Monetary Authority.

The meeting, which brings together senior officials from central banks, financial authorities and regulatory bodies in the region, included a focus on the insurance sector, reflecting Bermuda's position as a key hub for the industry. A number of private-sector participants were invited to share their perspectives on the role of insurance in addressing climate protection gaps and navigating structural shifts in the global life insurance market.

Members also discussed global and regional financial vulnerabilities, artificial intelligence and its use in finance, and how authorities can support the development of robust frameworks to detect, prevent and recover from cyber-related incidents.