Work on improving resilience ‘not finished’ – BIS’s de Cos
Head of global watchdog calls for regulators to monitor non-bank sector as lending migrates
Central banks must remain vigilant about new risks stemming from evolutions in the financial system and modernise their regulatory frameworks, the general manager of the Bank for International Settlements has said.
In a speech at the International Center for Monetary and Banking Studies in Geneva today (March 4), Pablo Hernández de Cos warned of a “fundamental shift” in the source and nature of systemic risks.
“The financial system itself has become more diverse, with a growing share of
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