BIS Warns of Global Financial Risks

Calgary News Today | 2 Min News | The Daily News Now! · Jun 28, 2026 · 1m

The Bank for International Settlements has issued a stark warning: global financial stability is under threat from a dangerous cocktail of Middle East conflict, cooling AI investment, and fragile economic foundations. Disruptions in the Strait of Hormuz are jacking up energy prices and triggering ripple effects across industries, while the AI boom may be setting the stage for a market correction. Compounding the risks, soaring public debt and excessive market risk-taking could trigger a sudden downturn. The BIS is urging swift, independent policy action to prevent a systemic collapse. Support…