The global banking system is the fundamental conduit of value within nations and across borders. Since the last global financial crisis, however, the role of banks as a repository of value has come increasingly into question. Today, with a fragile recovery in so much of the world, banks and those who manage and regulate them are under attack. We asked our panel of global experts how this crisis of confidence is playing out in their nation or region.

China’s exposure to bad loans through its shadow banking system has been the latest topic du jour. While China’s banks undoubtedly will face non-performing loans as the economy slows and rebalances to a more services-oriented economy, the risk that China’s banking system will collapse and cause a hard landing is rather remote. The reason has a lot to do with the overall financial...

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