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Story perspectives

Global Leaders Tackle Financial Stability Amid Climate Concerns

10/2/2025

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Story summary
  • The Hoover Program on Economic Prosperity launched research on global policy challenges, including financial stability.
  • Conference with European Central Bank examined triggers for next financial crisis, featuring Christine Lagarde and Raghuram Rajan.
  • The Federal Reserve monitors systemic risks and promotes stability via Dodd-Frank Act rules.
  • Environmental groups urged reforms since Mark Carney's speech; Canadian banks exited climate alliances.