Banking & Regulation Perspectives

How does a market shock become a liquidity crisis? Follow the money, then the collateral. My new article uses five visual maps to explain how banks, funds, insurers and financial markets connect, and how stress travels through the system.

The AI boom is building a financial network few investors fully see. One company's revenue is another's debt, collateral or guarantee. Who bears the risk if AI demand disappoints?

After 2008, risk didn’t just leave banks. It changed form. My new piece maps how banks and NBFIs split credit, funding and liquidity risk, and why the most important vulnerabilities may now sit in the connections between them.

My latest piece looks at what happens when rising public debt meets finite market capacity, a larger NBFI footprint, and central banks that may be forced to backstop market functioning. The real risk may be less about default than about absorption, liquidity and feedback loops.

If you think banks just keep your savings safe and lend them out, you’re missing the real story. Behind the scenes, they’re creating money, fixing markets, and shaping the economy in ways few understand. The hidden mechanics of modern banking 👇

Think banks just move money from savers to borrowers? They literally create money with every loan, reshaping who gets credit, who gets power, and how economies grow. The real story of the “magic money tree”👇

AI is changing how money moves, how banks think, and how trust is built. But will it make finance smarter or just faster at repeating old mistakes? We explore the promise and the peril of AI in financial services 👇

Behind the spreadsheets, this quarter’s bank earnings told surprising stories. Q3 2025 revealed five you shouldn’t miss: hidden risks, big rebounds, and clues about where the economy’s headed. Full story 👇

Q3 bank earnings tell two stories: 🇺🇸 U.S. banks riding a wave of capital strength, 🇪🇺 Europeans leaning on structural resilience. Two regions, two playbooks, each revealing where the next cracks or opportunities may lie. Full story 👇

Stablecoins are no longer crypto’s side project: they’re becoming the backbone of a new global payment system. Are they the future of finance or a threat to it? We break down the opportunity, the risks, and what comes next 👇