BIS Sees the Financial System at a Crossroads

BIS's 84th Annual Report Sees Banks Shying from Risk While Asset Managers fill the Gap

Author: David Schwartz J.D. CPA

In their 84th Annual Report, the Bank for International Settlements examines the current state of global financial affairs and highlights some trends it sees emerging in the financial framework. While noting that the overall financial system has has gained some strength since the crisis, banks remain in a rebuilding phase, concentrating their business models towards traditional banking. Despite their apparent recovery, BIS warns that banks face lingering balance sheet...

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Categories: All, Change Overview and Rationale, Commentary

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