Since the existing laws fail to solve the problems confronted in the supervision of financial holding companies and to provide strict legal definitions for new financial business, potential risks are likely to increase and spread across different financial markets. According to the definition made by the Basel Committee, the cross-market risks undertaken by China’s financial institutions are in essence legal risks. III.
2/3  BIS central bankers' speeches  Should the available data then support the expectation that the medium-term inflation outlook will not abate, net asset purchases will be discontinued in the third quarter. The Governing Council will then make policy rate moves some time thereafter.