Russia’s invasion of Ukraine has isolated the nuclear power from much of the Western economy, worsening already fraught global supply chains and increasing uncertainty. But it can still get worse.

Decentralized finance, or DeFi, could revolutionize the way money works, how it is controlled and how its power is distributed. But is DeFi the future or hype?

The banking industry has been working to beat back a proposal that would require banks to disclose certain customer account information to the Internal Revenue Service. But even if they succeed, the problem of unreported taxable income isn't going away.

Immigrants transfer billions overseas every year, and that market is dominated by nonbanks, crypto and fintechs. Those services could help banks get more customers in the door, but it’s easier said than done.

Many fintech companies are offering quality, low-cost services to people who are left out of mainstream banking. But low-income consumers face barriers that technology alone can't solve.

The Basel III reforms initiated after 2008 and the hard-fought Basel IV provisions completed in 2017 made banks more resilient. International consensus on new challenges like climate change and cybersecurity could be impossible.

Hackers are targeting banks more frequently and more effectively. There’s not much the industry or government can do about it.

Featuring:

• Paul Benda, SVP of Operational Risk and Cybersecurity, American Bankers Association
• Mark Stamford, CEO, Occamsec
• Nathan Taylor, Partner, Morrison & Foerster
• Brian Vecci, Field CTO, Varonis
• Chris Wolfe, Managing Director, Head of North American Banks, Fitch Ratings

Institutional independence is a big part of what makes the Federal Reserve work. But quantitative easing, new forays into climate and digital currency and a blurring of the line between monetary and fiscal policy might make that independence harder to maintain.

Indigenous reservations have some of the highest concentrations of unbanked Americans in the country. But tribes are finding ways to get things done — with or without banks.