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The US Office of Comptroller of Currency warns of the impact of tail risks as the Russian invasion of Ukraine continues. Geopolitical risk, cyber risk, inflation risk, asset price risk, and recession risk are all significant risks in their own right
The OCC raises a concern that the likelihoods for each tail risk which could be linked and could materialize simultaneously.
He added that the invasion heightens cyber risk and inflation risk given Russias cyber warfare capabilities and the impacts of higher fuel prices. Those heightened inflation expectations might increase the possibility of rate hikes. He warned that a combination of all these tail risks could lead to a broad market sell off and trigger a recession.
Ted Dziekanowski
#cybersecurity #cyberisk
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