BIS' White on financial globalisation

In the speech 'Financial globalisation' given on 19 June William R White of the BIS said the globalisation of financial markets provides both enormous opportunities and enormous challenges.

"Should the global financial system be subject to a sharp shock somewhere, the issue of how large, complex financial institutions might be wound down remains unresolved. There are continuing concerns about the limitations of information sharing among the various countries affected. Moreover, the question of

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