Top global regulator warns of ‘massive adjustment’ for financial system

Klaas Knot is more worried about risks stashed at “nonbanks” — where authorities have less visibility on hidden losses.

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May 1, 2023 - 06:00
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Top global regulator warns of ‘massive adjustment’ for financial system
Klaas Knot is more worried about risks stashed at “nonbanks” — where authorities have less visibility on hidden losses.