On geopolitical risk, G-Sibs choose their battles

Conflicts – both existing and threatened – raise concern among banks, but many are still grappling to weave the risk into their frameworks

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“Wars are not won by fighting battles; wars are won by choosing battles,” US general George Patton once observed. He made a lot of pronouncements in the course of his career, many as contradictory as they were unprintable. But on making best use of resources to manage disparate threats, banks grappling with the risks thrown up by very real conflicts could do worse than heeding his advice.

Many

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