The Financial Stability Board’s new chair, Randal K. Quarles holds the view that the rise of crypto-assets will prove to be a major barrier to the international financial body as it assesses worldwide financial vulnerability in order to revise its existing frameworks. Quarles also serves as the vice chair for supervision at the Federal Reserve Board of Governors. Quarles spoke at length at his inaugural speech On February 10, 2019, in Hong Kong, and said that the Financial Stability Board will initiate the process of reviewing its framework in order to ensure that the financial body is at the helm of financial ... (full story)