The intricate tapestry of the financial sector is marred, not by the usual fiscal perils, but by the often nebulous non-monetary hazards that loom in the shadows—born from human processes, technological constructs, and unpredictable externalities. Last year, a staggering $19 billion evaporated from the coffers of banks, a culmination of unseen risks that, since 2010, has accumulated to an eye-watering $460 billion drain. The erratic and multifaceted nature of these risks mandates the dire need for precise financial tenets that safeguard profits without undermining them.
