Our in-depth analysis of FSOC’s annual systemic-risk report, focusing on changes since the 2014 report (see Client Report SYSTEMIC71), and on specific recommendations that could lead to policy-maker action. As always, FSOC sets a measured tone to avoid alarming the markets—it again says that systemic risk is “moderate” even as its in-depth analysis shows several very alarming spikes in possible risk drivers. Some of these—e.g., geopolitical risk—are well outside both FSOC’s control and the specific ambit of regulatory action.

The full report is available to retainer clients. To find out how you can sign up for the service, click here