Modern war does not send a warning to your risk committee. It does not appear on a credit watch list before it has already moved through your correspondent banking flows, repriced your trade-exposed borrowers, and created sanctions exposure your batch screening has not yet caught. By the time it reaches a report, the gap has […]
Modern war might feel distant from the day-to-day realities of running a business. For many SMEs, geopolitical developments appear to belong more to government policy than business planning. Key Takeaways Modern conflict affects SMEs indirectly—but meaningfully. Even if SMEs are not directly involved in conflict zones, they feel the second-order effects—rising fuel costs, supply chain disruptions, […]