global financial system
Coverage of global financial system in the Nexus archive.
- BIS warns stablecoins risk fragmenting global financial system
The Basel-based Bank for International Settlements (BIS) warned that stablecoins risk fragmenting the global financial system, stating private digital tokens fail to meet sound money requirements. It urged policymakers to accelerate development of tokenized central bank and commercial bank money.
- The future of Asian finance may be built in local currencies
The global financial system is undergoing transformation due to geopolitical tensions, supply chain realignments, and volatile capital flows, highlighting vulnerabilities in the reliance on a few reserve currencies. Emerging economies in Asia are shifting focus from sustaining growth to building resilience through local currencies.
- IMF Warns AI Will Supercharge Cyberattacks on Global Financial System
The International Monetary Fund warned that AI will increase cyberattacks on the global financial system, making it easier for unskilled attackers to breach critical infrastructure. The IMF called for treating cybersecurity as a core stability issue. This warning highlights the growing concern over AI-powered cyber threats.
- Trump summons bank leaders over terrifying new threat to global financial system
President Donald Trump has called on bank leaders to address a new threat to the global financial system, described as 'terrifying.' The situation highlights concerns about potential systemic risks impacting international financial stability.
- Trump summons bank leaders over terrifying new threat to global financial system
President Trump has called upon bank leaders to address a perceived threat to the global financial system. The situation is described as a 'terrifying' new challenge that could impact international economic stability.