FSB Americas group discusses financial stability risks in Mexico City

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FSB Americas reviews risks

Highlights

FSB Regional Consultative Group for the Americas, co-chaired by Lisa D. Cook and Jide Lewis, convened in Mexico City on 24-25 September 2026 to set 2026 priorities.
Officials identified regional vulnerabilities from extreme weather, geopolitical uncertainty, capital flows, and stablecoin regulatory challenges as major financial stability risks.
Participants emphasized operational resilience, scrutinizing the impacts of artificial intelligence, quantum computing, and cyber incidents on the sector’s crisis preparedness.

Mexico City meeting sets 2026 priorities

As reported by Financial Stability Board, the FSB Regional Consultative Group for the Americas convenes on 24-25 September 2026 in Mexico City, with the Bank for International Settlements’ Representative Office for the Americas hosting the gathering.

The meeting brings together senior officials from central banks, financial authorities and regulatory bodies from across the region. Lisa D. Cook, governor of the U.S. Federal Reserve Board, and Jide Lewis, deputy governor of the Bank of Jamaica, co-chair the group and lead discussions on current risks facing the financial system.

A workshop during the meeting examines regional vulnerabilities linked to extreme weather events, adding a climate-related risk focus to the broader policy agenda. Members also provide input on the FSB's 2026 work priorities and discuss how the Americas group can support that agenda.

Focus falls on cross-border and technology risks

The discussions cover global and regional financial vulnerabilities, including geopolitical uncertainty, the financial effects of extreme weather, capital flows and exchange-rate pressures. Officials are also reviewing cross-border vulnerabilities and regulatory challenges connected to global stablecoin arrangements.

The agenda further addresses the implications of artificial intelligence and quantum computing for operational resilience and cybersecurity in the financial sector. Regional crisis preparedness is another key theme, particularly for operational risk events such as cyber incidents and third-party outages, which remain a growing concern for financial institutions and regulators in the Americas.

In our earlier report on Basel Committee Chair Erik Thedéen’s warning from the Bali banking supervisors’ conference, we noted that weakening international regulatory cooperation could make cross-border risks harder to detect and manage, while widening information gaps and encouraging regulatory arbitrage. The piece also highlighted how geopolitical tensions are complicating future coordination on issues such as AI and crisis response, against the backdrop of uneven progress on Basel III implementation in major jurisdictions.

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