UBS Chairman Colm Kelleher looks on during the Global Financial Leaders' Investment Summit, in Hong Kong, China, on Nov 7, 2023.
"The challenges to democracy in some countries around the world are pretty evident," Gorman said without elaborating. "My biggest fear is that one more geopolitical escalation - and that can happen pretty quickly - and the markets at some point in time actually give up the calmness and then you have a market event," Sewing said.The global banking bosses also took the stage of the Asia summit to voice their concerns in an unusually aggressive joint effort to push back on a set of stricter banking rules.
"If implemented, the way are outlined, it is a significant additional economic tightening on the system at the time when I don't think that's in the best interest of economic activities and growth," Solomon added.