The new chair of the Financial Stability Board (FSB) believes the emergence of crypto-assets could be a major hurdle for the agency as it plans to review its current frameworks for assessing global financial vulnerability. In his inaugural speech in Hong Kong on Feb. 10, Randal K. Quarles, who also serves as the vice chair for supervision at the U.S. Federal Reserve Board of Governors, said the FSB will start reviewing its framework to ensure it’s “at the cutting edge of financial stability vulnerability assessment.” Quarles further noted that while such review process is aimed to improve the agency’s ability to ... (full story)