BIS Chief Warns Central Banks Face Tougher Crisis Role Amid Rising Debt
BIS chief Pablo Hernández de Cos warned that managing future financial crises will be more challenging due to soaring public debt, fiscal deficits, and volatile bond markets. He highlighted growing non-bank financial risks and rapid technological changes as factors that could accelerate turmoil. He called for stronger regulation, coordinated government action, and international cooperation to maintain central banks' crisis-management capabilities.
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