FSB chair calls for vigilance on financial sector vulnerabilities
ReutersApr 23, 2025 7:35 AM
April 23 (Reuters) - The chair of the Basel-based Financial Stability Board Klaas Knot on Wednesday called on regulators to remain vigilant on financial sector vulnerabilities.
"The global risk outlook has become more challenging amid increased trade and economic policy uncertainty," Knot said in a letter to Group of 20 finance ministers and central bank governors.
Recent financial market turmoil underscored the importance of robust surveillance, proactive policymaking and international coordination, said Knot, who will conclude his term as FSB chair on July 1, 2025.
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