What are the biggest risks to financial stability today?

The global economy and financial volatility are under immense pressure due to multiple factors, as highlighted at the AIM Summit Dubai by Kevin McCarthy and David Gibson-Moore. Key risks include the global sovereign debt crisis, increasing political polarization in Western democracies, and unpredictable emerging market trends. The uncertainty in the US economy, referred to as the EM-ification of the US economy, also contributes to financial instability. These risks make it imperative for global leaders to implement cross-party collaboration initiatives to ensure economic resilience.