Concerns about the current state of global financial regulation are escalating, with the Swedish Central Bank pushing for a complete overhaul. The bank argues that existing international agreements aren’t adequately addressing the challenges of today’s interconnected markets, citing major nations like the U.S. and UK as reluctant to implement these rules fully. This discrepancy highlights a crucial conflict between national interests and global oversight, potentially leading to market volatility and instability unless unified regulations are adopted. The Swedish Central Bank is advocating for more comprehensive international frameworks that can cater to the complexities of modern financial systems.