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A solid foundation for a resilient structure

· Klaas Knot, Chair of the Financial Stability Board (International)

Summary written by Dark Majestic in its own words · topics: financial stability, banking regulation and supervision

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· Klaas Knot Wiki · Financial Stability Board WikiA solid foundation for a resilient structure

ContextRemarks by the Chair of the Financial Stability Board; the FSB coordinates financial regulation for the G20 and wants post-crisis reforms fully applied.

Why it mattersKnot calls for a macroprudential approach to non-bank finance and buffers against cyclical risks.

Problems raised
  1. Non-bank finance can amplify shocks.
  2. Cyclical vulnerabilities build up.
  3. Concentration risk is growing.
Solutions proposed
  1. Apply a macroprudential approach to non-banks.
  2. Build buffers against cyclical risks.
  3. Strengthen international regulation.
Read full speech on fsb.org ↗

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