Saudi Arabia raised its countercyclical capital buffer (CCyB) from 0% to 1% in the second quarter, just as the economic impact of the US-Iran war intensified.
Joshua Walker is a reporter at Risk.net, based in London. He specializes in the intersection of finance and law, covering themes such as global markets, international finance, and trading technology, with a focus on derivatives and commodities markets. Joshua's work has been featured in notable publications including Newsweek, the Federal Reserve Bank of Boston, and the Yorkshire Evening Post.