BIS head warns of central bank risks to stability
Central banks’ rapid and unprecedented balance sheet expansion is increasing the risks of financial stability, the head of the Bank for International Settlements has said in a speech that also called for individual lenders to do more to strengthen their own balance sheets, writes Katie Llanos-Small.
Exceptional measures by central banks to keep interest rates low and maintain liquidity to banks have prevented a global recession but cannot remove the fundamental obstacles to sustainable growth, Jaime Caruana, general manager of the BIS, told the organisations AGM in Basel on June 24.
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