The Financial Stability Board (FSB) Regional Consultative Group for Sub-Saharan Africa (RCG SSA) convened in Maseru, Lesotho, on October 23-24, 2026. The Central Bank of Lesotho hosted the event, which included senior officials from central banks, financial authorities, and regulatory bodies across the region.
Lesetja Kganyago, Governor of the South African Reserve Bank, and Denny Kalyalya, Governor of the Bank of Zambia, co-chaired the meeting. Attendees focused on several pressing topics related to financial stability.
- Discussions addressed global and regional financial vulnerabilities, particularly how global policy uncertainty and economic fragmentation affect Sub-Saharan Africa.
- The group examined regulatory and supervisory modernization, emphasizing the relevance of the FSB’s proposed principles for the region.
- Participants highlighted issues surrounding climate-related data gaps and the need for enhanced insurance protections.
- Cybersecurity and the financial stability implications of emerging technologies such as artificial intelligence and quantum computing were also key topics.
- The meeting reviewed regional priorities in accordance with the FSB’s work program for 2027.
In addition to these topics, members of the group discussed the need for cross-consultation among RCGs and the importance of conveying the Sub-Saharan Africa region’s perspectives to the FSB Plenary.
