Sarah Breeden warned that while the global financial system has shown resilience in the face of recent shocks, underlying vulnerabilities remain. She noted that “large, correlated shocks can arrive with little warning,” emphasizing that current stability reflects structural improvements since the global financial crisis, particularly within the banking sector. However, Breeden cautioned that risks have […]The post BoE’s Breeden Says Risks Often Underestimated Before Crises appeared first on ActionForex.