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 […]

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 […]

WASHINGTON, D.C. — September 30, 2024 The CFA Institute Systemic Risk Council has released its Summer 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. In addition, this issue notes the […]

It is with enormous sadness that members of the CFA Institute Systemic Risk Council have learned that Bill Donaldson has passed away at age 93. His contributions to the world of finance, education, and public service are an amazing testament to a life well lived. His many pursuits included service as the 27th Chairman of […]