Banks taking on 'tenuous' risks - BIS

Banks worldwide may be taking on risks they will regret later if an economic upturn proves short-lived, the Bank for International Settlements (BIS) said on Monday.

Banks worldwide emerged in surprisingly robust shape last year from a severe economic downturn but have now taken risky bets in their quest for profits, said the BIS, the central bank to the world's central banks, in its annual review.

"The main concern is whether the financial sector, having escaped the slowdown relatively unscathe