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Global Risk Watch, Standard Risk Global

Institutional risk intelligence, market context, and geopolitical notes for cross-border investors and global operators.

The week's highlights

The New Silk Roads: How Global Infrastructure Finance Is Being Rewired

Global infrastructure finance is undergoing a structural pivot. Data centre capital expenditure surged 51% to $455 billion in 2024, while traditional transport infrastructure shrank from 45% to 22% of total deal value in a decade. Hyperscaler companies — Microsoft, Google, Amazon, Meta — now collectively outspend all multilateral development banks combined, with $370 billion in planned annual infrastructure investment for 2025. Simultaneously, Belt and Road Initiative lending rebounded to a record $213.5 billion...

Correspondent Banking Under Siege

The plumbing of international finance is breaking. Correspondent banking — the system through which banks in different countries clear cross-border payments on each other’s behalf — has been contracting steadily for over a decade. The reasons are well understood: escalating sanctions complexity, aggressive AML enforcement, FATF compliance pressure, and a cost-of-compliance calculus that makes many smaller corridors commercially unviable. The consequences are less widely appreciated. When a bank in Fiji loses its...

Capital Without Borders

The numbers tell a story of contradiction. In 2025, global foreign direct investment rose 14% to $1.6 trillion, according to UNCTAD’s World Investment Report. Cross-border M&A values climbed 29% to $1.46 trillion. Greenfield project announcements in data centres alone exceeded $270 billion. By any measure, cross-border capital is flowing at levels not seen since the pre-pandemic era. Yet the corridors through which that capital flows are narrowing. Every major host economy has tightened its foreign investment...

Sanctions in 3D

Three years after Russia’s full-scale invasion of Ukraine triggered the most sweeping sanctions campaign since the Second World War, the three regimes that matter most—the United States, the European Union, and the United Kingdom—have reached an inflection point. They agree on the strategic objective: constrain Russia’s ability to fund its war machine, degrade its access to critical technology, and impose costs on those who facilitate sanctions evasion. But they increasingly disagree on how to get there. This...

The Hormuz Shock

On 28 February 2026, the United States and Israel launched coordinated strikes on Iran under Operation Epic Fury. Iran retaliated with over 500 missiles and 2,000 drones, and declared the Strait of Hormuz closed. Tanker traffic dropped to near-zero within 72 hours. This single chokepoint handles 20.9 million barrels per day — one-fifth of global oil consumption. Combined with the ongoing Red Sea disruption from Houthi attacks, nearly 30% of global seaborne oil trade is now transiting through disrupted or...

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