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RBI warns war or cyber attack could trigger next financial crisis
Original: War, Cyber Attack May Spark Next Financial Crisis: Reserve Bank of India
The Reserve Bank of India has warned that a war or a major cyber attack could be the trigger for the next global financial crisis. The central bank's assessment highlights growing concern among regulators that geopolitical conflict and attacks on financial infrastructure pose systemic risks beyond traditional economic vulnerabilities, putting banks and payment systems on alert.
Why now: Rising geopolitical tensions and increasing cyber threats to financial systems have made regulators' warnings about systemic risk newly relevant.
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Evidence
- War, Cyber Attack May Spark Next Financial Crisis: Reserve Bank of India · Insurance Journal
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