Cryptos may challenge any financial framework: New FSB chair

posted 6 months ago
The new chair of the Financial Stability Board (FSB), Randal K. Quarles, said the FSB will start reviewing its financial framework to ensure it’s “at the cutting edge of financial stability-vulnerability assessment.” The review aims to improve the agency’s ability to recommend better financial stability policies for G20 nations.

A well-rounded framework might be difficult to accomplish, given the evolving developments of new technologies such as cryptocurrency. He said: “This will not be easy – developments like the emergence of crypto-assets may challenge any framework – but that makes the goal of a robust framework all the more important.”
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