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Commodities and crypto fuel growing financial stability risk, watchdog warns

FSB chair says market have coped well but could be tested in an economic downturn

By

Jeremy Chan

Klaas Knot calls LME disruption a 'small exception' to a wider market robustness that could be threatened by coming risks
Klaas Knot calls LME disruption a 'small exception' to a wider market robustness that could be threatened by coming risks Photo: Hollie Adams/Getty Images

The continued fallout of the Ukraine war and crashing crypto are creating heightened financial stability risks, the Financial Stability Board of international regulators warned.

In a letter to G20 finance ministers and central bankers, Klaas Knot, chair of the FSB warned of spillover effects due to volatility in commodity markets.

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