FSB to investigate implications of central counterparties, interdependencies
The Financial Stability Board (FSB)
published on Saturday a letter from Mark Carney in which the
governor of the Bank of England and chair of the FSB warned of
potential systemic risks arising from financial technology and
increased reliance on central counterparties.
The letter, which was sent to G20 Finance
Ministers and Central Bank Governors in advance of their
meeting in Shanghai, lists "assessing the systemic implications
of financial technology innovations, and the systemic risks
that may arise from operational disruptions," as one of the
FSB’s six priorities for the year.
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