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The Quantum Ledger - our economic environment

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Maren Muter

a wink of luck

Fireside Friend

2024 Financial Stability Board Annual Report

Here is a summary of FSB annual report

(full report is attached if you want to read it)

  • Persistent vulnerabilities in the global financial system include elevated asset valuations, private sector debt issues, and emerging market pressures from capital flow volatility.

  • Structural changes, including the rise of non-bank financial intermediation (NBFI), cyber risks, and climate-related financial risks, pose additional threats.

Priority Areas and New Initiatives

  1. Lessons from March 2023 Banking Turmoil:

  2. Highlights weaknesses in solvency, liquidity management, and depositor behavior influenced by technology and social media.

  3. Calls for better planning and execution of bank resolutions.

  4. Resilience of Non-Bank Financial Intermediation (NBFI):

  5. Rapid growth of NBFI necessitates enhanced policies for liquidity, leverage, and systemic risk monitoring.

  6. Climate-Related Risks:

  7. Progress on climate-related financial risk management is uneven; more work is needed on data quality, risk analysis, and policy implementation.

  8. Cross-Border Payments:

  9. Improvements aim to reduce cost, increase speed, and enhance transparency; progress is mixed and requires further international cooperation.

  10. Technological Innovation Challenges:

  11. Risks from AI, tokenization, and cybersecurity demand improved oversight and response strategies.

  12. Central Counterparties (CCPs):

  13. New global standards are introduced for the orderly resolution of systemically important CCPs.

Implementation and Effects of Reforms

  • Building Resilient Financial Institutions:

  • Basel III reforms have strengthened bank resilience but require full and consistent global implementation.

  • Ending Too-Big-to-Fail:

  • Progress is noted in loss-absorbing capacities, but gaps remain in resolution planning for non-bank institutions.

  • Making Derivatives Markets Safer:

  • Significant advancements in trade reporting and margin requirements, with lingering legal and operational barriers.

  • Enhancing NBFI Resilience:

  • Policies to address money market funds and securities financing transactions are being implemented unevenly.



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maren@marenmuter.com

The services rendered by Maren Muter are held out to the public as a form of motivational coaching combined with instruction in meditation. Maren does not represent her services as any form of medical health care or direct psychotherapy, and despite research to the contrary, by law she may make no health benefit claims for her services.

If you are suffering and have thoughts of imminently hurting yourself,

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