Financial crises are often described as impossible to predict, but obvious in retrospect. Despite repeated efforts by regulators, governments and central banks to strengthen the resilience of the global financial system, concerns persist over rising debt levels, geopolitical shocks, asset market valuations and the ability of policymakers to respond to future turbulence.
This Chatham House Debate will examine whether the global economy is heading towards a period of significant financial instability, or whether the lessons learned from previous crises have made the system more resilient.
Under the Chatham House Rule, participants will hear arguments both for and against the proposition before contributing their own perspectives on the risks, vulnerabilities and uncertainties facing the global economy.
This debate will cover:
- Are current economic conditions creating the foundations for a global financial crisis?
- Which risks pose the greatest threat to financial stability?
- Have governments, regulators and central banks made the global financial system more resilient?
- Could geopolitical tensions trigger wider economic and financial disruption?
- What warning signs should policymakers, businesses and investors be watching?
- Is the next major financial crisis closer than many assume?
