Financial risks ballooning in the shadow
MADRID | April 21, 2015 | By Ana Fuentes | Seven years after financial meltdown, great concerns about sistemic risk remain. “We haven’t learned, bad practices are still there,” IOSCO’s David Wright recently told us. Structural changes in the banking system along with a prolonged period of negative interest rates have prompted to new dangers. Central banks are helping via QE programs, although “you can have monetary liquidity and yet have an insufficiency of market liquidity,” which refers to the depth of financial markets, IMF Financial Counsellor José Viñals points out.