LONDON -- Financial asset prices are at "elevated" levels and market volatility remains "exceptionally subdued" thanks to ultra-loose monetary policies being implemented by central banks around the world, the Bank for International Settlements said today.
In its quarterly review, the BIS said financial market volatility spiked higher in August on the back of geopolitical concerns and worries over economic growth but quickly returned to "exceptional lows" across most asset classes.
"By fostering risk taking and the search for yield, accommodative monetary policies thus continued to contribute to an environment of elevated asset price valuations and exceptionally subdued volatility," the BIS said. ...
... For the remainder of the report:
http://www.reuters.com/article/2014/09/14/us-...SKBN0H909C20...
