FSB to draw lessons from banking stress
Nature of vulnerabilities and speed of recent crisis call for review of regulation, Klaas Knot says
The Financial Stability Board is to conduct a review of the recent episode of banking stress, to draw lessons, “including for bank prudential and resolution frameworks”.
“The speed of developments in March, the precise nature of the vulnerabilities that crystallised and the associated market reactions provide important lessons for financial authorities,” said Klaas Knot, FSB chair and Netherlands Bank governor, in a letter to the Group of 20.
Knot said authorities in the US and Switzerland had
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