For more than a decade, the Systemic Risk Council (SRC) has provided an independent, noncommercial voice on global financial stability. By assessing vulnerabilities across markets and institutions, the Council offers nonpartisan guidance on how regulators can strengthen systemic oversight. Recent market shocks — from post-crisis stress events to new geopolitical and trade disruptions — have reinforced both the resilience of financial reforms and the limits of current safeguards, underscoring the need for vigilance, learning, and preparedness.

As we reach mid-2025, systemic risks remain elevated. Central bank independence, the rapid growth of non-bank financial intermediaries, and efforts to ease capital standards for global systemically important banks all pose challenges to stability. Meanwhile, geopolitical uncertainty, shifting trade policies, and the accelerating speed of financial markets magnify potential vulnerabilities. In this environment, robust monitoring, credible data, and sustained international cooperation are critical. The SRC will continue to evaluate these risks and provide timely recommendations, as reflected in this Summer 2025 report.

SRC Quarterly Systemic Risk Report Summer 2025