Quarles says FSB ‘must evolve’

Randal Quarles

The Financial Stability Board must commit more resources to identifying new threats and improving the effectiveness of its existing framework, new chair Randal Quarles said on February 11.

“It is time for the FSB to turn more of its energy and attention to the future,” Quarles said in the speech, which was his first official public engagement as chair of the international regulatory board. “We cannot be complacent and assume that we are safe from all shocks.”

Quarles, who took over from Bank

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