BlackRock Chairman and CEO Larry Fink writes that five years after the collapse of Lehman Brothers, the financial system has become safer, but risks remain. Fink notes concerns about moving complex financial instruments onto exchanges and through clearinghouses. "Understandable and admirable, but we've now got to ensure the clearing houses and exchanges are fully up to the job and will be properly regulated going forward," Fink writes. He also expresses concerns about "the retirement crisis brewing in America and elsewhere."
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