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Joe Cassidy

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  1. Milken Institute59 min

    Brexit: A Red Flag for Global Financial Harmonization?

    Ross Westgate, Youssef Boutros-Ghali, Joe Cassidy, Colin Ellis, Dominic Lester, Sanjay Patel

    Former Egyptian Finance Minister Youssef Boutros-Ghali, Moody's Colin Ellis, and other industry leaders convened to assess the resilience of post-2008 macroprudential regulations against rising political populism and Brexit. The panel concluded that while regulatory frameworks for systemic risk will likely persist, the Eurozone's structural deficits and China's asset bubbles present the most significant imminent threats to global financial stability. Furthermore, experts projected a divergence where Anglo-Saxon markets harmonize around flexible capital frameworks while Europe faces stagnation due to rigid labor laws and incomplete fiscal integration.