This from NY Times confirms we are collectively in a state of chaos in terms of ‘world order’. In this blog one of my primary focus is on business and banking risk.
Canada is a classic forerunner to what we see in Germany in today’s election. There was a time where my primary focus was bad actors and criminal elements including bad actor governments.
The notion of risk has moved inward and banks must take care of their own risk management and deploy their own mitigation factors.
That means isolating and understanding risks to their bank and taking arbitrary actions to solve their own risks. No waiting for federal government or regulatory bodies to catch up.
What can and should your bank do now to understand risk and sentiment for your bank.
More to come.
While the United States and most of the European Union have shrugged off the pandemic recession and restarted their economic engines, Germany remains idled.
Its economy shrank slightly in 2024, after adjusting for rising prices. Forecasts for this year don’t look much better.
And other measures look even worse. They show an economy rapidly sliding backward, stunning declines that have emerged as one of the biggest issues in the parliamentary election set for Sunday.
Bankwatch 