Fledgling artificial intelligence (AI) models, the opacity of shadow banking and the euphoria over cryptocurrency are new fault lines in global finance, emerging as dangers that are more dispersed and harder to contain than those of the last crisis.
Without coordinated action, we risk stumbling into another systemic breakdown, one that no financial institution or government can resolve alone. Yet, world leaders, overwhelmed by tariff flare-ups and escalating wars, are unlikely to champion needed…
