FSB’s Knot says NBFIs, crypto, and climate key risks for next crisis
In his speech Klaas Knot drew upon the ideas of what he called Germany's Romantic-era "Fab Four": Alexander and Wilhelm von Humboldt, Friedrich von Schiller, and Johann Wolfgang von Goethe
The chair of the Financial Stability Board has identified the rise of non-bank financial intermediaries, the digitalisation of finance, and climate change, as the top three structural shifts most likely to give rise to the next financial crisis.
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