FSB Chair Andrew Bailey Discusses Systemic Risk and Transparency at IOSCO Conference

Andrew Bailey, Chair of the Financial Stability Board (FSB), delivered a keynote speech at the IOSCO Conference, addressing the critical challenges in managing systemic risk, particularly focusing on transparency and the identification of systemic threats. Bailey referenced historical events like 'Black Monday' in 1987 and recent market volatility, such as the amplification of gilt yield moves by hedge fund deleveraging following the Middle East conflict, to illustrate how a lack of transparency can exacerbate financial stress.