The international banking sector has recently undergone a lot of turbulence with the collapse of Credit Suisse in Europe and three small to midsize banks in the US, all in March. These events triggered a sharp decline in global bank stock prices.
However, South American central bank governors do not see that financial volatility spreading to their region. Instead, climate change arose as a larger concern. These topics were discussed in an open session hosted by the Inter-American Development Bank (IDB) earlier this month.
