Completing reform agenda may not be enough – Caruana
Policies need to tackle large stock of debt
Completing the financial reform agenda might not be enough to restore global stability, the general manager of the Bank for International Settlements (BIS) told a conference in December.
"The key areas in the regulatory reform agenda – regulation and supervision, resolution and deposit insurance – are no doubt very important, but they may not be enough," Jaime Caruana said.
He explained there was a need to tackle problems beyond the current regulatory reach, including the large stock of debt
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