Carney warns of fading regulatory momentum
“Nascent risks” could threaten progress made so far, FSB chairman warns
Mark Carney, chairman of the Financial Stability Board (FSB) and Bank of England (BoE) governor, has urged the members of the Group of 20 to consider how to reinforce co-operation, warning lawmakers and regulators not to give in to “reform fatigue”.
In a letter to the G20 published today (March 17) and penned in his capacity as FSB chairman, Carney says the global financial system is “moving from fragility to resilience”, but could still fall prey to “nascent risks”.
A decade on from the start
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