BIS warns on high leverage after near-collapse of Situational Awareness fund
- —The BIS cited the near-collapse of the Situational Awareness fund in July as a warning
- —BIS financial stability head Gaston Gelos: hedge funds are the "core of key markets"
- —The BIS acknowledged market stress has not yet materialized, but said the risks should not be underestimated
Why it matters: The regulator's signal of market fragility from leverage raises the risk of sharp sell-offs, including in crypto assets.
Source: PANews