Central Bank Leaders Conduct War Game to Assess Global Bank Collapse Risks
Central bank leaders from the UK, US, and EU are participating in a war game in Washington to simulate the response to a potential collapse of a globally significant bank. This exercise, organized by the Federal Deposit Insurance Commission (FDIC), aims to enhance coordination among regulators and prevent a repeat of a Lehman Brothers-style financial crisis. The event coincides with growing concerns over financial stability risks posed by AI advancements and geopolitical tensions. The exercise is part of ongoing efforts to strengthen the resolution regimes for global systemically important banks (G-SIBs) and ensure preparedness for financial disruptions. 
