Tighter regulation may be working – MIT economist
Kristin Forbes says banks may be more resilient but warns risk could be shifting to shadow sector
Tighter regulation of banks since the global financial crisis may have made them more resilient, but risks remain, economist Kristin Forbes told a European Central Bank conference.
But Forbes, a former external member of the Bank of England’s monetary policy committee from 2014 to 2017, said some exchange rate risks may have shifted to the shadow banking sector. She was speaking at a conference organised by the ECB on December 18 to honour departing executive board member Benoît Cœuré.
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