As the world increasingly turns digital, competitive challenges to financial institutions are growing. We identify four main forces that could dislodge banks from their dominant roles as financial intermediaries. They are Big Tech, pureplay fintechs, “stateless” finance and central bank digital currencies.

Climate change is the biggest risk multiplier facing the world today. Urgent action is needed. Explore what it will take to build a more resilient and sustainable future.

A monthly monitor of financial and economic conditions in emerging markets, analyzed through our Emerging Markets Financial Conditions Indicator (EM FCI), points to deteriorating financial conditions and rising food and fuel inflation across most emerging markets.

Moody’s 6th annual Climate Week NYC event will discuss how carbon transition risks will shape credit quality across the most exposed industries, why transparency on data and disclosure is critical to understanding long-term climate commitments, and the role of sustainable debt markets in financing net zero strategies.