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Evening Standard

Business

Henry Saker-Clark

Global financial system susceptible to shocks, Bailey warns G20

G20 Andrew Bailey the Financial Stability Board Bank of England FSB

Bank of England governor Andrew Bailey is chairman of the Financial Stability Board (Jordan Pettitt/PA) - (PA Wire)

The global financial system is vulnerable to shocks amid a recent surge in the price of shares and other assets, Bank of England governor Andrew Bailey has warned.

Mr Bailey, chairman of the Financial Stability Board (FSB), the fiscal risk watchdog for the G20 group of nations, urged greater multilateral co-operation between nations to help support global financial systems.

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