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Global Cooperation on Financial Stability

04.28.2014

GLOBAL COOPERATION ON FINANCIAL STABILITY

The Sixth Meeting of the Financial Stability Board Regional Consultative Group for Asia hosted by the Bangko Sentral ng Pilipinas in Cebu last Friday brought together national authorities responsible for financial stability. Discussions covered global initiatives in light of the unwinding of unconventional monetary policy and its potential implications, financial market infrastructure reforms, FSB’s key attributes of effective resolution regimes for financial institutions, mitigating the impact of natural disasters on the financial sector, policy priorities and work plans. A press briefing at the close of the meeting was conducted by FSB Regional Consultative Group for Asia (RCGA) co-chairs Masamichi Kono, Vice Commissioner for International Affairs at the Financial Services Agency of Japan (right) and Amando Tetangco, Jr., Governor of the Bangko Sentral ng Pilipinas (center). At left is FSB’s Jason George. Members of the RCGA include financial authorities from Australia, Cambodia, China, Hong Kong SAR, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Thailand and Vietnam.

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