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global financial system
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- 1Insider warns of something 'profoundly dangerous' in the financial system●The man who looked into the 'actual beating heart' of the financial system—and saw something 'profoundly dangerous'
A Fortune interview with a financial insider describes his close look at what he calls the 'actual beating heart' of the financial system, and his conclusion that something there is 'profoundly dangerous'. The piece frames his warnings as a caution about hidden risks in the plumbing of global finance, though the specific danger is not detailed in the available coverage.
- 2Bank of England governor calls for 'right to intervene' in AI●We need ‘right to intervene’ in AI amid growing threat, says Bank of England boss https://www. theguardian.com/technolog
Bank of England governor Andrew Bailey has called for regulators to have a 'right to intervene' in artificial intelligence, warning of a growing threat from the technology. Bailey argued that authorities need powers to step in as AI systems become more powerful and embedded in the financial system and wider economy. His comments add a senior regulatory voice to the global debate over how quickly AI should be policed.
- 3Basel chief warns banking risks growing more interconnected▼Basel chief says risks becoming more interconnected as international cooperation wanes
The head of the Basel Committee on Banking Supervision said financial risks are becoming increasingly interconnected across borders just as international cooperation between regulators is weakening. He cautioned that fragmented oversight could leave the global banking system less able to spot and contain emerging threats. Reuters and Yahoo Finance both carried the remarks, which are being closely watched by banking and regulatory circles.
- 4Experts weigh imbalances and currency risks in global finance●Changing structure and challenges of the international financial system: Imbalances, currencies, and financial stability
New analysis from the Centre for Economic Policy Research examines how the international financial system is changing, focusing on persistent global imbalances, the shifting role of major currencies, and threats to financial stability. It argues that structural shifts in capital flows and reserve currency dynamics are creating new policy challenges. Economists are being urged to rethink how the system can be made more resilient to future shocks.