Broad geopolitical risks, including the outcome of tomorrow’s U.S. Presidential Election and Britain’s exit from the EU (“Brexit”), were among top risks facing the global financial system, according to a new surveyconducted and published today by The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry. Other geopolitical risks that were mentioned include instability in the Middle East, the impact of the ongoing refugee crisis across Europe, and the influence of Russia and China on global relations and the world economy. Respondents highlighted the unpredictable nature of world events, citing the potential for sudden escalation that could cause global market volatility and instability.
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