Knot says financial stability risks are growing
FSB chair says emerging economies are particularly vulnerable as financial conditions tighten
The risk of instability is rising around the globe, Klaas Knot said today (July 13), as financial conditions are tightening at a time when many vulnerabilities remain unaddressed.
The chair of the Financial Stability Board wrote to Group of Twenty leaders, warning them that the world faces a challenging macro-financial situation, as well as growing threats from instability in the crypto asset market and climate change.
“The combination of lower growth, rising inflation and tighter global
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