LONDON - Global financial regulators are developing a coordinated surveillance system to spot new threats from looser lending standards and high asset values, the chair of the Financial Stability Board said on Tuesday.
In his first letter to G20 economic policymakers, its recently appointed head Randal Quarles said vulnerabilities were building up in the financial system and downside risks to global growth - including the prospect of a no-deal Brexit - were increasing. The FSB will evaluate the “global pattern of exposures” to collateralized loan obligations and leveraged loans to improve its understanding of the sector.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: