Fed’s Yellen warns authorities of new financial risks

yellen-federal-reserve

Financial stability authorities and market participants need to be alert to new structures and products, and not just those that caused problems in the past, Janet Yellen, vice-chair to the Federal Reserve, said on Friday.

At the Fourteenth Annual International Banking Conference in Chicago, Illinois, Yellen said: "New financial products – for example, exchange-traded funds and collateralised commercial paper – may foster more efficient intermediation, but they may also raise systemic risk if

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.