FSB pushes for better tools to tackle high corporate debt
Combination of tax reform and macro-prudential tools needed, FSB says
Better macro-prudential tools are needed to tackle risks from rising corporate debt exposures, the Financial Stability Board (FSB) warned in a report to the G20, published today (September 22).
The evidence points to growing corporate debt levels relative to GDP in many countries, the FSB said in the report, submitted to the G20 ahead of its meetings in Ankara on September 4–5, and made public today. Many corporations have taken on further risks by issuing debt in foreign currencies.
Growing
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