In its latest quarterly bulletin, the central bank warns about the importance of leverage, the lack of capacity to absorb shocks and "the illusion of decentralisation" of this fast-growing disintermediated finance. A harsh criticism that resembles the recent warnings of François Villeroy de Galhau, Governor of the Banque de France....
Decentralised finance: BIS highlights risks and vulnerabilities

(Credit: BIS)
"Decentralized finance needs to be monitored more closely," warns the Basel, Switzerland-based international organization.