FSB warns of ‘triple whammy’ crisis as private credit threat to global markets worsens

The Financial Stability Board (FSB) is warning that global markets could be heading toward a chain reaction in which tighter funding, war-driven volatility, and deepening cracks in non-bank finance converge into what its chair calls a possible “double or triple whammy” for financial stability. In a letter sent ahead of the April 16 G20 meeting, FSB Chair Andrew Bailey laid out a scenario in which several …