Risk of sharp reversal remains: global financial overseer Carney

April 18, 2015 7:45 PM

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WASHINGTON, April 18 (Reuters) - The world has adjusted well to divergent growth and monetary policy expectations but the risk of a "sharp and disorderly reversal" in financial markets remains, Financial Stability Board Chairman Mark Carney said on Saturday.

"The risk of a sharp and disorderly reversal remains, given compressed credit and liquidity risk premia," Carney, whose FSB oversees the global financial system, said in a statement to the International Monetary Fund's steering committee.

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