WASHINGTON (Reuters) – Inflation, monetary policy tightening and cyber attacks could heighten systemic risks to the U.S. financial system, along with the possible emergence of new COVID-19 variants, the U.S. Treasury’s Office of Financial Research said on Wednesday.
The office, created after the 2008-2009 financial crisis to study risks across the financial system, said in its annual report to Congress that climate risks were still difficult to assess and more of a medium- to long-term threat to financial stability.
(Reporting by David Lawder)
