Chart of the Week: The Rise of Corporate Giants

2019-03-14T10:45:05-04:00June 6, 2018|

By Federico J. Díez and Daniel Leigh

June 6, 2018

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The market power of “superstar” companies in advanced economies is growing (photo: iStock by Getty Images)

The growing economic wealth and power of big companies—from airlines to pharmaceuticals to high-tech companies—has raised concerns about too much concentration and market power in the hands of too few. […]

Cyber Defense Must Be Global

2019-03-15T13:44:23-04:00October 26, 2017|

By Emanuel Kopp, Lincoln Kaffenberger, and Christopher Wilson

October 26, 2017

Versions in عربي (Arabic),  中文 (Chinese),  Español (Spanish), Français (French),  日本語 (Japanese), Русский (Russian)

Cyber risk has no geographical borders, and the threat is global, so the role of international institutions is crucial (solarseven/iStock by Getty Images).

Cyberattacks on financial institutions are becoming more common and considerably more sophisticated. High-profile cases like the Equifax breach, which compromised the confidentiality of 143 million Americans’ credit information, and the theft of US$81 million from Bangladesh Bank, are just two examples of recent cyber breaches in the financial industry.

Today, cyber risk is a permanent threat to financial institutions and the proper functioning of the highly interconnected financial system. Banks of all sizes experience cyberattacks every day. Breaches of individual firms can cause adverse knock-on effects for other financial and nonfinancial firms and give rise to systemic risk, a new dimension of cyber risk that is little understood. […]

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