WASHINGTON—Global regulators must revamp the way they assess new threats to the financial system, as the tide of postcrisis rules crests and the financial sector evolves, a top Federal Reserve official said Sunday. “We cannot be complacent and assume that we are safe from all shocks,” Fed governor Randal Quarles, the central bank’s point man on regulation, said in remarks prepared for a conference in Hong Kong.

Source: Wall Street Journal February 10, 2019 10:52 UTC