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ARTICLE · 15 DECEMBER 2017

Office Of Financial Research Identifies Three Growing Risks To Financial Stability

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The U.S. Office of Financial Research ("OFR") reported that overall risks to financial stability remain moderate, consistent with its assessment from last year

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The U.S. Office of Financial Research ("OFR") reported that overall risks to financial stability remain moderate, consistent with its assessment from last year. The OFR noted that while the risk of market disruption remains high and cybersecurity vulnerabilities are a concern, resilience in the financial system has improved. The findings were presented in two related reports: The 2017 Annual Report to Congress and the 2017 Financial Stability Report.

The OFR used two new resources to develop its assessments: (i) the Financial System Vulnerabilities Monitor, which identifies warning signals that can lead to financial system disruptions, and (ii) the Financial Stress Index, which provides a "daily snapshot" of global financial market stress. The OFR was able to identify three key threats to financial stability:

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