Let the Financial War Games Begin!

The video discusses the concept of war games in the financial sector, particularly focusing on the first cross-border war game between the US and UK. It highlights the importance of communication and coordination among regulators. The effectiveness of stress tests is debated, with emphasis on transparency and liquidity as key issues. The video also explores capital requirements, the role of leverage, and global efforts for financial stability. Future war games, especially related to cybersecurity, are anticipated as a response to emerging threats.

What role do economists play in the context of financial war games?

What concerns are raised about the accuracy of stress test scenarios?

What future developments in war games are anticipated regarding cyber threats?