systemic risk News
Cost of Cyber Disruptions on Critical Infrastructure At Least $8M Per Day: Research
The resilience of America's critical infrastructure networks has been tested over the last year by an increasing number of serious disasters—both natural and manmade—including winter storms ...
Financial Council Warns Climate Change, Stablecoins Are Systemic Risks
Climate change, the rapid growth of "stablecoins" and financial innovations that led to frenzied trading of GameStop Corp shares early this year are threats to the U.S. financial system that merit ...
Systemic Risk Analysis: Are Cyber Insurers Whistling Past the Graveyard?
While ransomware was the hot topic at 2021 midyear insurance industry conferences, discussions of the broader topic of systemic risk—spurred on by recent hacks of SolarWinds and Microsoft ...
Explaining Just How Fastly Problems Happen
An outage at a little-known firm that speeds up access to websites knocked a lot of top Internet destinations offline on Tuesday, June 8 disrupting business and leisure for untold millions globally. ...
Systemic Risk: What It Feels Like
Tuesday, May 11 started out as an ordinary day for me. Early in the day, I was following the latest news about the lingering effects of a ransomware attack on the Colonial Energy pipeline, which had ...
AIG Reportedly to be Freed From U.S. Systemic-Risk Designation
U.S. regulators are planning to release American International Group Inc. from the special government oversight ordered for the insurer after its central role in the 2008 financial crisis, according ...
FSOC Leaves SIFI Labels Unchanged
A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems "systemically important." The ...
Regulatory Tools Too Focused on Individual Company Risks
Regulatory tools to assess risk in the financial sector focus too much on individual companies, according to a new report from HEC Paris business school. While regulators have been working to ...