The discussion focused on:
- the financial stability implications of Russia’s invasion of Ukraine,
- elevated and volatile commodity prices, as well as broader developments such as the continuing economic recovery from COVID-19 and higher inflation.
- discussion of FSB work of importance to the region, including the regulation and supervision of crypto-assets
- implementing the G20 roadmap to enhance cross-border payments
- progress being made within the region on addressing financial risks from climate change, and how the region could contribute to the FSB’s Roadmap for Addressing Climate-related Financial Risks, including from an emerging markets perspective.