ECB's Draghi warns of volatility risks

Banks and investors may be ill prepared to handle a return to volatile conditions in financial markets, a top central banker warned on Wednesday 11 October.

Mario Draghi, Italy's governor on the European Central Bank and head of a global task force on financial stability, listed this among a range of risks to world economic growth.

"We must ask ourselves if investors are ready to face strong, persistent turbulence which cannot be ruled out a priori," he said.

"Derivative instruments could ampl

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