FILE PHOTO: Financial Stability Board Chairman Randal Quarles speaks at a news conference following the"1+6" Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. REUTERS/Florence Lo/File Photo
“It is more important than ever to ensure that we can reap the benefits of this dynamic part of the financial system without risking financial stability,” Quarles said in a letter to G20 finance ministers and central banks, who are holding a virtual meeting this week. Quarles, who is also Federal Reserve vice chair for banking supervision, said FSB members have been involved in intensive, daily information exchanges to coordinate national responses.
“It will become increasingly important to assess the impact of measures taken and to ensure that these policies are effective in the near term, and, eventually, to give a strong basis for deciding on when, and how, to return to more normal operations in the financial sector,” Quarles said.
reutersHuwJ Who gives a rats ass about Investment funds? how about helping to fix people's lives, a vaccine for this virus, the glaring disparity of health care and food and shelter around the world. Wonder why people hate you 1%ers? bc all you care about is your investment funds.
reutersHuwJ Do you expect the chance of an economic crisis?
reutersHuwJ Was just thinking that myself.....doh!