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BIS chief warns rising debt may hinder future crisis response

Original: BIS chief warns soaring debt, market changes could complicate future crisis response

The head of the Bank for International Settlements has warned that soaring government debt and structural changes in financial markets could make it harder for authorities to respond effectively to a future financial crisis. The comments, reported widely by Reuters and other outlets, suggest policymakers may have less fiscal and monetary room for maneuver than in past downturns.

Why now: Fresh warnings from the BIS about global debt levels and diminished crisis-fighting capacity are drawing broad media attention.

Bank for International SettlementsAgustín CarstensReuters

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Evidence

• BIS chief warns soaring debt, market changes could complicate future crisis response · Reuters
• BIS chief warns soaring debt, market changes could complicate future crisis response · Durham Herald Sun
• BIS chief warns soaring debt, market changes could complicate future crisis response · KELO-AM

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