Financial sector generally resilient to rate hikes so far, says FSB's Knot
LONDON, Oct 12 (Reuters) - Higher interest rates have so far not seriously undermined the global financial system, but "there is work to do" on tackling liquidity issues and hidden leverage in the non-bank sector, Financial Stability Board chair Klaas Knot said on Thursday.
"In general the massive change in the interest rate environment, so far so good, there has not been any systemic rippling of negative effects into the financial sector," Knot told the Institute of International Finance annual meeting. (Reporting by Huw Jones; Editing by Alex Richardson)
