Banks face more volatility next year from the rollback of monetary easing and political risks such as a disorderly Brexit and Italy's populist coalition. That could lead to a sharp repricing of risks in financial markets, credit ratings firm S&P has warned. "One trend we expect to see in 2019 is an increase in volatility," said Emmanuel Volland, global leader for financial institutions at S&P. This is already happening. Over the past week the VIX has risen from 16 to 26 before trading back at 20.8 by Friday afternoon.
展开▼
