FSB, Basel Committee have long warned of tech risk in financial sector
Funds shifted assets to fixed income, away from private equity
Fitch sees defaults, arrears rising as growth slows amid tight financial conditions
Moderate price growth is forecast, and arrears is expected to rise slightly
Easing financial conditions cushion impact of slowing global economy
Global rate cycle has turned, but central banks to stay cautious
Strong revenue growth helps overcome rising credit provisions
Forthcoming mortgage resets will continue driving debt service costs higher in certain markets
Wages, housing costs stoking price pressures in services
Robust job market is keeping delinquencies low for now