Institutionalizing Financial Ecosystem Stewardship: Preserving Judgment, Legitimacy, and Capacity Over Time
Financial stability frameworks do not fail only because they are poorly designed or insufficiently tested. They fail because they erode. Over time, even well-conceived governance arrangements and diagnostic tools drift into routine, ritual, or complacency. Under conditions of irreducible uncertainty, the central challenge is not merely designing stewardship—it is sustaining it. Institutionalizing Financial Ecosystem Stewardship […]