Banking Leaders Warn Next Crisis May Stem from Geopolitical Tensions, Not Financial Sector
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Banking chiefs concerned next crisis may come from rising geopolitical uncertainty that could test market resiliency.
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Trigger likely to come from geopolitical or political space, not financial sector.
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Markets have been resilient so far, but this could change with further geopolitical escalation.
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Banking heads voice concerns over regulatory tightening like Basel rules, saying it could restrict economic growth.
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Next crisis may emerge from shadow banking sector where more assets are now managed.