Russia-Ukraine war revealing financial vulnerabilities – FSB’s Knot

The Bank for International Settlements, Basel
Photo: Ulrich Roth

The Financial Stability Board is stepping up its monitoring of several financial vulnerabilities that have come to light since Russia’s invasion of Ukraine.

Klaas Knot, FSB chair, highlighted financial links to commodities markets as one particular issue. The shock the war delivered to commodities markets not only triggered dramatic price movements, but also had knock-on effects via margining practices in derivatives markets, Knot noted.

The Dutch central bank governor also highlighted

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