FSB Regional Consultative Group for Europe meets in Vienna

The Financial Stability Board (FSB) Regional Consultative Group for Europe (RCG Europe) convened on 2-3 June 2026 in Vienna, hosted by Oesterreichische Nationalbank. The meeting brought together senior officials from central banks, financial authorities, and regulatory bodies across the region to discuss key financial stability issues.

Co-chaired by Antoine Martin, Vice Chairman of the Governing Board of Swiss National Bank, and Marja Nykänen, Member of the Board of the Bank of Finland, the meeting addressed the following topics:

• the FSB's work programme for 2026;
• global and regional financial vulnerabilities;
• financial stability implications of advanced AI models; and
• system-wide exploratory stress testing.

Members also participated in a roundtable discussion on private credit, focusing on its growth in Europe, liquidity risks, and vulnerabilities related to retail investor involvement in private credit funds.