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EU Regulators Warn Of Brexit, Asset Re-Pricing, Cyber-Attack Risk

The securities, banking and insurance sectors in the European Union (EU) face multiple risks, the latest report on risks and vulnerabilities by the Joint Committee of the European Supervisory Authorities (ESAs) shows. The ESA report for the second half of 2017 outlines the following risks as potential sources of instability: ·         sudden repricing of risk premia as witnessed by the recent spike in volatility and associated market corrections; ·         uncertainties around the terms of the UK’s withdrawal from the EU; and ·         cyber-attacks.  The ESA report also reiterates their warning to retail investors investing in virtual currencies and raises awareness for risks related to climate change and...