CFA Institute Systemic Risk Council Publishes 2025 Spring Newsletter

WASHINGTON, D.C. – May 20, 2025

Since 2013, our Council has offered an independent, noncommercial voice to assess significant financial and economic disruptions and to make recommendations for building a more robust process for systemic risk oversight in the US, Europe, and elsewhere. The SRC provides an unvarnished assessment of the readiness of global regulatory institutions to deal with evolving systemic vulnerabilities. Our Council advocates via comment letters to regulators and policy makers and offers regular media commentary on improvements in the detection, monitoring, and response to ever-emerging threats to economic stability.

The past two decades have seen an unprecedented number of major financial disruptions, which have stressed the resilience of our global financial systems. We began 2025 with lingering concerns about the potential for disruptions as the global economy began to unwind from unprecedented fiscal and monetary stimulus. Despite elevated recession risks, geopolitical hot-spots, and aggressive political shifts on trade policy, the broad economy remains relatively intact. Like most economic periods, spring 2025 continues the long tradition of trying to predict the extent and timing of economic disturbances that may arise from the puzzle of market, geopolitical, monetary, and fiscal policy conditions. The challenge of having a systemic risk early warning system and adequate mitigation tools at the ready is an enormous task. As we begin the year, changes in political and regulatory leadership around the globe further complicate analysis and planning.

SRC Quarterly Systemic Risk Report Spring 2025 (Read the full report)