Systemic risk refers to the possibility that a single event, such as a major financial institution’s failure, could trigger a collapse across an entire industry or the global financial system.

Regulators should be paying more attention to the ballooning galaxy of nonbank financial institutions currently operating in global markets. The risks they pose to the financial system are not well ...

Insurance giant Lloyd’s of London has published a systemic risk scenario of a cyber-attack resulting in global economic losses of $3.5trn. The scenario involves “a hypothetical but plausible” ...

Accounting for unrealized market-value losses on banks’ securities and loan investments caused by the secular increase in interest rates that began in early 2022, I estimate that, as of September 30, ...

Critical infrastructure has long been associated with physical assets—power plants, transportation networks, hospitals, and ...

The collapse of Silicon Valley Bank has created a modicum of urgency for regulators and others to search for potential sources of systemic risk in our financial markets. While most of these efforts ...

About the author: Mark Y. Rosenberg is founder of GeoQuant and an adjunct professor at UC Berkeley. For years, I have been warning in this publication and others of the “EM-ification” of the U.S., ...

Angola's diversification strategy was designed to reduce dependence on oil and build a competitive, broad-based economy. Instead, a growing body of public records suggests that economic power is ...

The Reserve Bank of India is closely monitoring a ₹590 crore fraud case linked to IDFC First Bank, with Governor Sanjay ...