The sanctions regime levied against Russia, and the role of global banks in geopolitical tensions between China and the West, demonstrate that the integrity of the financial system is essential to preserving national and global security interests. We cannot afford homegrown financial crises that jeopardize order, security, or institutional legitimacy.
Observations
Oct 24, 2024In a keynote speech delivered at the European Systemic Risk Board conference last month, Claudia Buch, Chair of the Supervisory Board of the European Central Bank (ECB), discussed the challenges of supervising banks amid growing geopolitical instability.
Compendium
Jun 07, 2023Recent failures in banking highlight the continuing fault lines, to put it lightly, in the governance of financial institutions, and among their regulatory and other overseers. Quite apart from the immediate issues, this raises the prospect that business is ill-equipped to navigate the extraordinary geopolitical fractures they are likely to face over the coming years and decades.
