BIS chief warns crisis management is harder as debt rises
In short
BIS chief Pablo Hernández de Cos warned Monday that future financial crises may be harder to handle. The report says he pointed to rising public debt, fiscal deficits, shaky bond markets, non-bank risks and fast-moving technology.
This matters for central banks, governments and markets because crisis tools may be stretched. The reporting does not say what specific steps will be taken next.
What the reporting says
BIS chief Pablo Hernández de Cos warned that future financial crises could be harder to manage, according to publisher-supplied reporting on Monday. He cited soaring public debt, fiscal deficits, volatile bond markets, growing non-bank financial risks and rapid technologies as factors that could accelerate turmoil. He urged stronger regulation, coordinated government action and international cooperation, but no specific policy package or timeline was stated.
Why it matters
Pablo Hernández de Cos, the BIS chief, warned that central banks may face a tougher crisis-management job as debt, deficits and market volatility build. He also pointed to non-bank risks and rapid technologies as possible accelerants of turmoil. The warning is relevant for policymakers, bond markets and financial institutions, but the available reporting does not name any new rule or intervention.