Global finance changed markedly between 2008 and 2017: Under pressure from regulators, banks retrenched, and much of the pullback was from foreign markets. According to industry experts Susan Lund and Philipp Härle, the financial system consequently grew more coherent and robust. Yet a high degree of interconnectedness remains, which argues for watchfulness about the next potential risk – digital finance. getAbstract recommends this sharply focused and informative analysis to policy experts, executives and informed readers.
In this summary, you will learn
- Why and how the global financial landscape strengthened between 2008 and 2017, and
- What new threat to stability is on the horizon.
About the Authors
Susan Lund is a partner and Philipp Härle is a senior partner at McKinsey & Company.