FSB Regional Consultative Group discusses global financial vulnerabilities and tokenization

FSB Regional Consultative Group discusses global financial vulnerabilities and tokenization
Banking & Financial Services
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Andrew Bailey member of FSB | Official Website

Members of the Financial Stability Board's (FSB) Regional Consultative Group for Europe convened in Wroclaw to discuss key issues impacting global financial stability. The agenda included an examination of worldwide financial vulnerabilities, updates on the G20 Roadmap concerning cross-border payments, and developments in monitoring potential risks within the non-bank financial intermediation sector.

A significant portion of the meeting was dedicated to a roundtable focusing on the implications of tokenization for financial stability. Participants from various sectors, including industry, academia, and central banking, engaged in discussions about advancements in tokenization technologies. The conversation highlighted potential risks that tokenization—especially those based on distributed ledger technology (DLT)—could pose to the broader financial system.