Knot says financial stability risks are growing

FSB chair says emerging economies are particularly vulnerable as financial conditions tighten

Klaas Knot
Klaas Knot
Photo: DNB

The risk of instability is rising around the globe, Klaas Knot said today (July 13), as financial conditions are tightening at a time when many vulnerabilities remain unaddressed.

The chair of the Financial Stability Board wrote to Group of Twenty leaders, warning them that the world faces a challenging macro-financial situation, as well as growing threats from instability in the crypto asset market and climate change.

“The combination of lower growth, rising inflation and tighter global

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