The 2025 Annual Report of the Systemic Risk Council outlines the Council’s important work to identify and address emerging threats to global financial stability. In a year marked by market volatility, geopolitical unrest, and rapid innovation in financial technology, the need for clear, independent analysis of systemic risk remains essential. The Council’s mission is to […]
Today, Simon Johnson, is representing CFA Institute Systemic Risk Council (SRC) on a crucial issue of prudential policy: the future of US bank capital requirements. In testimony before the Subcommittee on Financial Institutions of the US House Financial Services Committee, he will discuss why simple leverage ratios are essential for financial stability, particularly as AI […]
The Systemic Risk Council (SRC) provides an independent assessment of the most significant vulnerabilities shaping global financial stability. In this edition, the SRC underscores growing concerns around unresolved US stablecoin regulation, the rapid expansion of non-bank financial intermediaries, and recent shifts in large-bank capital requirements that may weaken essential safeguards. We note that with sentiment […]
The CFA Institute Systemic Risk Council (SRC) announced today that Klaas Knot, former Chair of the Financial Stability Board and President of De Nederlandsche Bank, has joined the Council. Knot brings decades of experience in global financial stability and systemic risk oversight, strengthening the Council’s international perspective. Erkki Liikanen, Co-Chair of the Council, said: “We […]
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 […]
The CFA Institute Systemic Risk Council (Council) latest comment letter was submitted August 25 to U.S. bank regulators voicing strong concerns over proposed changes that would weaken key capital adequacy protections put in place during the Great Financial Crisis era (GFC), specifically, the enhanced Supplementary Leverage Ratio (eSLR), Total Loss-Absorbing Capacity (TLAC), and long-term debt […]
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 […]
WASHINGTON, D.C. – March 6, 2025 The CFA Institute Systemic Risk Council has released its 2024 Annual Report. The 2024 Annual Report of CFA Institute Systemic Risk Council looks back on the key challenges and issues of the year, and offers some thoughts on the year ahead. Since 2013, this Council has offered an independent, […]
WASHINGTON, D.C. – December 11, 2024 The CFA Institute Systemic Risk Council has released its Fall 2024 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. Areas of focus this quarter include […]
WASHINGTON, D.C. — October 17, 2024 Earlier this week, the Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 to Simon Johnson – Co-Chair of the Systemic Risk Council – together with Daron Acemoglu of the Massachusetts Institute of Technology and James A. Robinson of […]
