In addition, there may be serious weaknesses in the shadow banking system, which could feed back to banks. Clearly, cleaning up the financial system will be a challenging but necessary task.
The recent geopolitical events have caused heavy losses in terms of human lives and have shown our vulnerability as countries, societies and individuals. We never would have imagined reliving such terrible days in the heart of Europe. Our first thoughts are for all those who are suffering because of the war. There are many reasons for concern.