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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

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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