The Financial Stability Board (FSB) Regional Consultative Group for the Middle East and North Africa (RCG MENA) met in Sharm El Sheikh, the Arab Republic of Egypt, on the 29th and 30th of January 2025, hosted by the Central Bank of Egypt. 

The meeting, co-chaired by Mr. Ayman M. Al-Sayari, Governor of SAMA, and Mr. Hassan Abdulla, Governor of the Central Bank of Egypt, covered an update session to the non-FSB members concerning the FSB work program and G20 deliverables, where members exchanged views on how best to include their regional perspective on planned initiatives.

Members shared their views concerning the latest assessment of global and regional vulnerabilities. The meeting also focused on elements influencing the stability of the global financial system including, progress in cross-border payments, Non-Bank Financial Intermediation (NBFI), and implementation of crypto recommendations.

The FSB's Regional Consultative Group for the Middle East and North Africa includes financial and regulatory authorities from the Kingdom of Saudi Arabia, Bahrain, Qatar, United Arab Emirates, Oman, Kuwait, Egypt, Jordan, Morocco, Lebanon, Algeria, Tunisia, and Turkey.