GRA · Financial Stability
Spatial financeWhere capital meets hazard, exposure and transition
Global industry questions
Global stability questions arise where risks cross borders through funding markets, common holdings and shared infrastructure. This page lists the questions Financial Stability follows in 2026 and the international work each rests on.
The workspace for global industry questions.
Programme board
Financial system · Global industry questions · Cycle 3 of 4 · Example interface, not a record
- Workstreams active7Active
- Milestones due this quarter4Watch
- Decisions pending with owners3Watch
- Open risks11
Workstreams
by stage
Gates
- Requestowner named
- Scoping noteboundary
- Qualifiedinputs
- BuildFoundry
- Testcontrolled
- Publishwith limits
- Decisionauthority
Financial Stability · Programme board. Programme board: example names and illustrative values, not a record.
Global subject programme in Financial Stability.
- 01
Systemic interconnectedness
Banks, insurers and nonbanks linked through exposures.
- 02
Nonbank financial intermediation
Funds, credit and liquidity connections.
- 03
Liquidity and market stress
Funding shortages and correlated behaviour.
- 04
Contagion and fire sales
Amplification pathways across markets.
- 05
Cross border financial risk
Global funding and currency spillovers.
- 06
Crisis management and resolution
Recovery, resolution and public authority boundaries.
Activity and exposure in Europe.
Population density, night lights and flood water over Europe, from NASA GIBS. Each layer carries its own date.
The interactive map needs JavaScript; the layer list and sources are below.
Layers 3
Activity and exposure, for this page
Keyboard, with the map focused
Hold Ctrl or ⌘ and scroll to zoom
Latest available
NASA GIBS / EOSDIS · ASTER GDEM (METI, NASA) · Blue Marble (NASA) · © OpenStreetMap contributors (ODbL) · Natural Earth
Loading the latest NASA imagery.
Drag to move. Ctrl or ⌘ and scroll, pinch or the buttons to zoom; hover for the values under the pointer; reset returns to the region.
Activity and exposure, framed on Europe.Satellite and model products as NASA publishes them, each with its own date. They are indicators, not assessments of any place.
Data: NASA GIBS · ASTER GDEM · Blue Marble · © OpenStreetMap contributors · Natural Earth · NASA EONET · U.S. Geological Survey · CIESIN/Columbia, NASA SEDAC HBASESources and licences
- We acknowledge the use of imagery provided by services from NASA's Global Imagery Browse Services (GIBS), part of NASA's Earth Science Data and Information System (ESDIS). Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- We acknowledge the use of imagery provided by services from NASA's Global Imagery Browse Services (GIBS), part of NASA's Earth Science Data and Information System (ESDIS). Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- Center for International Earth Science Information Network (CIESIN), Columbia University. 2018. Gridded Population of the World, Version 4 (GPWv4): Population Density, Revision 11. NASA Socioeconomic Data and Applications Center (SEDAC). Licensed under CC BY 4.0. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). doi:10.7927/H49C6VHW. CC BY 4.0
- VIIRS Black Marble night-time lights, NASA Goddard Space Flight Center; distributed by the NASA Level-1 and Atmosphere Archive and Distribution System (LAADS DAAC); imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- VIIRS near-real-time products (flood, land surface temperature, snow cover, corrected reflectance), NASA LANCE; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- NASA Fire Information for Resource Management System (FIRMS), VIIRS 375 m active fire product, NASA LANCE; vector tiles via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- ASTER GDEM is a product of METI and NASA (ASTER Global Digital Elevation Model V003, NASA LP DAAC); imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). Cite as: NASA/METI/AIST/Japan Spacesystems and U.S./Japan ASTER Science Team (2019). ASTER Global Digital Elevation Model V003. doi:10.5067/ASTER/ASTGTM.003. NASA open data
- Made with Natural Earth. Free vector and raster map data @ naturalearthdata.com. Public domain
- © OpenStreetMap contributors (ODbL), via NASA GIBS (coastlines, boundaries, roads and place names). Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). ODbL
- Blue Marble, NASA Earth Observatory; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- Context on the globe and flat map: coastlines, boundaries, roads and place names from NASA GIBS reference layers (OpenStreetMap data, ODbL, © OpenStreetMap contributors); Blue Marble imagery as an optional base; 3D terrain and the elevation read-out from the ASTER GDEM elevation colour index (5 m to 200 m classes, exaggerated for legibility). Boundaries are drawn as published and imply no position on any territory.
- Live events: NASA Earth Observatory Natural Event Tracker (EONET); events are indicative and keep their original source links.
- Live: NASA EONET Events are indicative, not authority warnings.
- Live: U.S. Geological Survey Events are indicative, not authority warnings.
- Context: CIESIN/Columbia, NASA SEDAC HBASE. Center for International Earth Science Information Network (CIESIN), Columbia University, and NASA Socioeconomic Data and Applications Center (SEDAC): Global Human Built-up And Settlement Extent (HBASE) 2010; Seto, Guneralp and Hutyra 2012, Global Grid of Probabilities of Urban Expansion to 2030; Global Urban Heat Island (UHI) Data Set, 2013.
- NASA GIBS: We acknowledge the use of imagery provided by services from NASA's Global Imagery Browse Services (GIBS), part of NASA's Earth Science Data and Information System (ESDIS).
- Optional layers (5 sources in the layer list: live, forecast, observed and context) print their provider credit on the map and here when switched on; forecasts are model output and derived indices are estimates.
Layers and dates
- Population density, 2020: Population: CIESIN, Columbia University, Gridded Population of the World v4.11 (2018), NASA SEDAC, CC BY 4.0 · static
- Night-time lights, daily: VIIRS Black Marble (VNP46A2), NASA LAADS DAAC · 12 Oct 2026
- Flood water, 3-day composite: VIIRS Global Flood Product, NASA LANCE · 14 Oct 2026
- Land surface temperature, day, 8-day composite: VIIRS NOAA-20 Level 3, 8-day, NASA LANCE · 14 Sep 2026
- Active fires and thermal anomalies: VIIRS NOAA-20 375 m (FIRMS), NASA LANCE FIRMS · 13 Oct 2026
Global questions and references.
| Question | Reference | Status |
|---|---|---|
| How should leverage in nonbank intermediation be addressed? | FSB recommendations | Final report July 2025 |
| How should failing systemic institutions be resolved? | FSB Key Attributes | Monitored through peer reviews |
| How do climate shocks reach financial stability? | FSB climate roadmap and NGFS work | Progress reported annually |
| What does the IMF see as the main global vulnerabilities? | IMF Global Financial Stability Report | Published twice a year |
How the process runs.
Process explorer · Process
Global industry questions: Policy question to decision
9 steps·5 stages·1 gate
Process
Global industry questions: Policy question to decision
A priority becomes a question, evidence, a decision case and a limited publication; the competent authority decides, never the programme.
01 Question
- 01A priority becomes a questionStep · Universe; national counterpartsA priority becomes a researchable question with stated criteria. National counterparts own the agenda, data and decisions.
- 03Scientific and stakeholder challengeStep · the Global Centre for Risk and Innovation (GCRI); the Global Risks Forum (GRF)Scientific and affected-stakeholder challenge informs mission selection and methods.
02 Evidence and options
- 04Assemble the evidenceStep · GCRIMethods, labelled data and uncertainty are assembled. Every finding carries one of nine evidence labels.
- 06Decision case with optionsRecord · The decision owner named in the caseA decision case binds owner, alternatives, evidence and deadline. It needs sensitivity and robustness.
03 Review and publication
- 07G6 · Publication authorisedGate · The Global Risks ForumGRF authorises publication of results that have passed scientific and editorial review. It cannot publish personal data.
- 08Publish with method, uncertainty and limitsRecord · ReportsFindings are published with their method, uncertainty and limits. An edition is published after review, not to a calendar.
04 Outside the programme
- 02Competent authority decidesDecision · The competent authorityThe authority or institution decides under its own rules. The authority decides; the programme informs.
- 05Action and implementation stay with the ownersActor · The relevant government, operator or licensed institutionDecisions and execution stay with the relevant government, operator or licensed institution. The programme records one only if shared.
05 Learning
- 09Corrections and lessons feed the next agendaStep · UniverseCorrections and lessons feed the next annual agenda. The findings of one year set the mandate of the next.
The Nexus cycle · Decision rights · The programme yearDesigned programme process, not a record of operation. No cycle has run and every programme is at service level R0. A gate is a programme decision, never a public-authority approval, certification or deployment authorisation.
Work is shown as its record stands.
Programmes are listed as exploring, forming, constituted, active, paused or archived. Country and regional entries appear when a programme record supports them.
Where this page's references lead.
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
Questions and answers.
How do I propose work at this level?
Bring an exposure or capital question to the Alliance.
Information and enquiries are open today. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.
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Maps, data and figures on this site are shown for context and general information. They are not advice, forecasts or warnings; the limits of the information are set out in the Disclaimers and Data Notices.