Do not let resilience foster complacency, Carney tells G20
In his capacity as FSB chair, Mark Carney emphasises need to finish implementing post-crisis reforms
Mark Carney warned G20 policy-makers not to allow the resilience of the global financial system so far this year to "foster complacency", ahead of their meeting from July 23 to 24.
Carney said the system had weathered "two spikes in uncertainty and risk aversion" arising from weaker growth outlooks and the UK's vote to leave the EU.
Writing in his capacity as Financial Stability Board (FSB) chair, he said: "This resilience in the face of stress demonstrates the enduring benefits of G20 reforms"
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