BlackRock CEO Larry Fink has said that systemic risk in the markets has now been largely unwound compared to earlier.
He did not elaborate on what he meant by "systemic risk" or what factors had led to its unwinding, but his comments come as the global economy grapples with a number of challenges, including the ongoing COVID-19 pandemic, the war in Ukraine, and rising inflation.
Fink's comments are likely to be closely watched by investors and policymakers, as BlackRock is the world's largest asset manager, with over $10 trillion in assets under management. ```