Global banks remain central to the functioning of the global system, not only in economic and financial terms, but also in geopolitical, legal, and climate-related domains. While the Global Financial Crisis triggered a wave of regulatory reforms and fundamental changes to these institutions’ business models, global banks continue to shape international financial stability, cross-border flows, and broader structures of global governance and climate finance.
The workshop will take place on Tuesday, 21 October 2025, at the Baines Wing SR (2.14), University Road, University of Leeds.
The event brings together researchers and policy experts to discuss global banking, financial stability, and the evolving structure of international monetary relations. It will feature contributions from academics, central bank researchers, and BIS economists, with a hybrid format allowing both in-person and online participation.
Basel III and other financial regulations strengthened leverage and liquidity requirements for global systemically important banks (G-SIBs). Over the same period, bond markets and non-bank financial institutions expanded their role in cross-border finance, overtaking traditional banking channels. These transformations have raised questions about whether global banks have become less central to global economic dynamics and to the functioning of global stability. What are the implications of these changes? Are these institutions still globally systemic? Has regulation succeeded in reducing the global risks associated with global banking? These transformations took place during a period of polycrisis, in which global banks have remained central to geopolitical stability due to their role in implementing international sanctions, influencing foreign
Global banks remain central to the functioning of the global system, not only in economic and financial terms, but also in geopolitical, legal, and climate-related domains. While the Global Financial Crisis triggered a wave of regulatory reforms and fundamental changes to these institutions’ business models, global banks continue to shape international financial stability, cross-border flows, and broader structures of global governance and climate finance.
The workshop will take place on Tuesday, 21 October 2025, at the Baines Wing SR (2.14), University Road, University of Leeds.
The event brings together researchers and policy experts to discuss global banking, financial stability, and the evolving structure of international monetary relations. It will feature contributions from academics, central bank researchers, and BIS economists, with a hybrid format allowing both in-person and online participation.
Basel III and other financial regulations strengthened leverage and liquidity requirements for global systemically important banks (G-SIBs). Over the same period, bond markets and non-bank financial institutions expanded their role in cross-border finance, overtaking traditional banking channels. These transformations have raised questions about whether global banks have become less central to global economic dynamics and to the functioning of global stability. What are the implications of these changes? Are these institutions still globally systemic? Has regulation succeeded in reducing the global risks associated with global banking? These transformations took place during a period of polycrisis, in which global banks have remained central to geopolitical stability due to their role in implementing international sanctions, influencing foreign policy, and shaping global governance through financial regulations and standards. Their networks facilitate or restrict financial flows, significantly impacting international relations and diplomatic engagements. Legally, global banks are key actors in the compliance and enforcement of international financial standards, anti-money laundering frameworks, and cross-border financial regulation, reinforcing international law and accountability mechanisms. In climate finance, global banks critically influence funding availability, investments in sustainable infrastructure, and the global transition to greener economies.
This workshop aims to share the latest contributions, explore key knowledge gaps, and define the future research agenda on the role of global banks in the international financial system and their impact on global stability. The workshop will feature presentations by both young and senior scholars on the role of these financial institutions from diverse perspectives, enhance interdisciplinary engagement, and support the development of collaborative networks. It will provide a platform for critical dialogue, examining the evolving role of global banks within the intersecting financial, climate, and geopolitical crises that define today’s polycrisis context, as well as the business, regulatory, and legal interventions aimed at increasing the system’s resilience to these challenges.
The event is organised by the YSI Financial Stability Working Group and the Economics Department of the Leeds University Business School, with funding from YSI and the Polycrisis Network (https://www.polycrisis.network/).
???? Programme:
09:30-11:00hs | Session 1. Moderator: Ivan Weigandi
- Festus Ededjo (Arden University) & Imko Meyenburg [Online] – Practitioners perception of the impact of regulations on banks performance before and after the financial crisis of 2007-2009.Â
- John Hogan Morris (University of Nottingham) – The performative power of bank balance sheets within climate scenario analyses.
11:15-13:00hs | Session 2. Moderator: Nitin Nair
- Richard Senner (Swiss National Bank) & Ulrich Bindseil [Online] – Destabilisation of Bank Deposits Across Destinations
- Khawlah Aljunidel (University of Leeds) – Structural Oil Price Shocks, Productivity and Efficiency of the Banking Sector
- Clement Berthou (Univ. Grenoble Alpes) [Online] – Dollarization in Cambodia – from Paper to Pixels, What does it change?
14:00-15:30hs | Session 3. Moderator: Verena Gradinger
- Rudy Bouguelli (Universit̩ Paris Cit̩) РUnpacking the Black Box of Global Banking: Eurodollars and the LDC Debt Crisis
- Carolyn Sissoko (UWE Bristol) – The collapse of small business lending in the US: why general access to bank financing matters
- I̱aki Aldasoro (Bank for International Settlements), Sebastian Doerr & Haonan Zhou РMonetary policy and bank wholesale funding: evidence from money market funds
16:00-17:30hs
Round table: Interdisciplinary research on global banking. Moderator: Toby Swales
- Gary Dymski (Applied Institute for Research in Economics – University of Leeds)
- Virág Blazsek (Centre for Business Law and Practice – University of Leeds)
