The CFA Institute Systemic Risk Council’s 2026 Ranking of Systemic Risks and Vulnerabilities identifies and prioritizes 13 threats to global financial and economic stability, assessing their potential for disruption, speed of contagion, and irreversibility across immediate, medium-term, and longer-term time horizons.

Informed by research and assessments from leading international financial institutions and discussions of the Council, the report offers a framework for understanding where vulnerabilities are building and where preparedness and policy attention may be most needed. The rankings represent a qualitative assessment, not a precise forecast, but provide valuable perspective for policymakers, regulators, and financial market participants.

Read the full report: Ranking Systemic Risks and Vulnerabilities