The recent return of volatility to global equity markets has provided a welcome wake-up call, the Bank for International Settlements’ (BIS) Claudio Borio said at the launch of the organisation’s latest quarterly review.
“We do not know how long it will stay,” Borio told reporters. “But it is back, and some volatility is healthy. There are few things more insidious in markets than the illusion of permanent calm. As experience indicates, that illusion can set the stage for some of the largest and