Second Meeting Of The Financial Stability Board Regional Consultative Group For The Commonwealth Of Independent States

Today, the Ministry of Finance of the Russian Federation hosted the second meeting of the FSB Regional Consultative Group for the Commonwealth of Independent States (RCG for the CIS) in Moscow, Russia. The group was established as part of the FSB’s initiative announced in November 2010 to expand and formalise outreach beyond its membership. The Ministry of Finance of Kyrgyz Republic newly joined the RCG for CIS at this meeting.

Members of the RCG for the CIS discussed the policy priorities for the FSB under the Russian  G20  presidency  on  the  global  financial  regulatory  reforms  and  reviewed  the progress in the FSB-led initiative to develop a global Legal Entity Identifier (LEI). Discussions on regulatory issues focused on policy framework for domestic systemically important banks (D-SIBs) and the potential impact of the financial regulatory reforms on emerging markets and developing economies (EMDEs).

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