Klaas Knot is President of De Nederlandsche Bank and is the Chair of the Financial Stability Board. He is also a member of the Governing Council and the General Council of the European Central Bank, member of the European Systemic Risk Board, member of the International Monetary Fund's Board of Governors and a member of the Board of Directors of the Bank for International Settlements.
by Klaas Knot
Compendium
May 15, 2022There is a saying: “lessons in life will be repeated until they are learned”. The lessons of the 2008 global financial crisis led to the creation of the Financial Stability Board (FSB) to coordinate the international responses to address the fundamental weaknesses that the crisis laid bare. These reforms have served the financial system well, as it has shown resilience when it has been confronted in recent years by very different crises ... (cont)
