BIS's Knight on managing evolving financial risk

In a speech on 'Markets and institutions: Managing the evolving financial risk' given on 14 October, Malcolm Knight of the BIS said trends in the financial system have brought about a transformation in the nature of financial risk. These trends have put a premium on the links and interactions between different types of risk, largely reflecting a tighter relationship between financial institutions and financial markets.

"This transformation requires adapting risk management both at the level of

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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