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Article
Geopolitics Is Rewriting the Rules of Strategic Risk
Stefano Biondi of Banca Mediolanum explains how geopolitical fragmentation is transforming risk management from prediction to resilience. Institutions must rethink stress testing, funding models, and risk appetite frameworks as tariff shocks, currency volatility, and policy disruption reshape strategic risk and liquidity management.
Feb 27, 2026
Stefano Biondi, Group chief risk officer, Banca Mediolanum
Tags:
Operational and Non Financial Risk
Market Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Geopolitical
fragmentation reshaping strategic risk frameworks
- Shift from prediction
toward resilience and adaptability
- Second and third
order exposures remain underestimated
- Stress testing
evolving into continuous strategic decision tool
- Funding models moving
toward domestic and sticky deposits
- Risk appetite
frameworks redesigned to preserve flexibility
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