Capital constraints are a part of the G20 pledge for safer financial markets
US Commodity Futures Trading Commission
commissioner Christopher Giancarlo has linked last
week’s sterling flash crash to capital constraints
imposed on financial institutions.
"Today, I repeat my call for a thorough
and unbiased analysis by US financial regulators and their
overseas counterparts of the systemic risk of unprecedented
capital constraining regulations on global financial and
risk-transfer markets. How big will the next flash crash have
to be before we realise that markets in which few are able to
take risks are markets that are very risky?" CFTC Commissioner
Christopher Giancarlo said in a statement on Tuesday.
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