CFA Institute Systemic Risk Council Publishes Summer 2023 Newsletter

For further information contact Kurt Schacht at

WASHINGTON, D.C.— September 5, 2023 The CFA Institute Systemic Risk Council has released its Summer 2023 Newsletter.

Each quarter, we will recap the activities of the CFA Institute Systemic Risk Council (SRC or the Council) and highlight the key systemic debates and challenges affecting global markets and regulators. This second issue of the year comes amidst many hot spots and concerning issues around the globe that continue to post potential systemic vulnerabilities. These areas of focus include:

  • Nonbank financial institutions
  • Escalation in the Russian war on Ukraine
  • Lag effects of unprecedented rate hikes in the ongoing response to inflation
  • Refining bank capital ratios and other resilience measures
  • Climate change’s effects on the global financial system
  • Chinese economy shocks


About CFA Institute Systemic Risk Council
CFA Institute Systemic Risk Council (Council) is a private sector, non-partisan body of former government officials and financial and legal experts committed to addressing regulatory and structural issues relating to global systemic risk, with a particular focus on the United States and Europe. It has been formed to provide a strong, independent voice for reforms that are necessary to protect the public from financial instability. The goal is to help ensure a financial system in which we can all have confidence.CFA Institute Systemic Risk Council was formed by CFA Institute and The Pew Charitable Trusts in June 2012 to monitor and encourage regulatory reform of U.S. capital markets focused on systemic risk. CFA Institute became the sole supporting organization in August 2015. The statements, documents and recommendations of the Council does not necessarily represent the views of the supporting organization.