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  <title>Financial fragmentation: the $6 trillion cost of breaking the &amp;quot;plumbing&amp;quot; of global finance</title>
  <description>The global economy is fragmenting, and it could lead to a hit of $6 trillion to GDP worldwide. That's more than the impacts of the COVID-19 pandemic or the 2008 financial crisis. So what exactly is causing this fragmentation, and can the impacts be mitigated? Finance industry experts join us to explore the forces of fragmentation and examine a new report by the World Economic Forum and Oliver Wyman, which quantifies its impact and details the consequences on the global economy and emerging markets in particular. Guests: Matt Strahan, Private Market Initiatives Lead at the World Economic Forum Daniel Tannebaum, Global Anti-Financial Crime Practice Leader at Oliver Wyman Anne Walsh, Managing Partner and Chief Investment Officer of Guggenheim Partners Daniel Mminele, Chairman of Nedbank Links: Deepening Divides: The Cost of a More Fragmented Financial System:&amp;amp;nbsp;https://wef.ch/financialfragmentation26 Related podcasts: Chief Economists Outlook: counting the cost of the Hormuz crisis, with Maersk's Ilaria Maselli:  https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-maersk-ilaria-maselli/ The Iran oil shock: will it force the world to re-think the future of energy?:  https://www.weforum.org/podcasts/radio-davos/episodes/oil-shocks-hormuz-iran-columbia-energy-exchange-jason-bordoff/ The rise of industrial policy - why governments are back in the business of business:  https://www.weforum.org/podcasts/radio-davos/episodes/industrial-policy-trade-choke-points/ Welcome to Cold War Two: historian Niall Ferguson on geopolitics in 2026:  https://www.weforum.org/podcasts/radio-davos/episodes/niall-ferguson-geopolitics-cold-war/ Check out all our podcasts on wef.ch/podcasts:&amp;amp;nbsp; YouTube: - https://www.youtube.com/@wef/podcasts Radio Davos - subscribe: https://pod.link/1504682164 Meet the Leader - subscribe: https://pod.link/1534915560 Agenda Dialogues - subscribe: https://pod.link/1574956552 &amp;amp;nbsp; </description>
  <author_name>Radio Davos</author_name>
  <author_url>https://www.weforum.org/podcasts/radio-davos/</author_url>
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