Foreign Affairs Editor’s Spotlight
Foreign Affairs Editor's Spotlight
Foreign Affairs Editor's Spotlight

July 11, 2026  |  View in Browser

 

Sponsored by International Monetary Fund

 

Good morning,

 

“Nuclear deterrence is not working,” Rose Gottemoeller declared in our latest issue. It was once a common belief that possessing nuclear weapons could protect a country from direct attacks, but state and nonstate actors have grown “increasingly willing and able to hit nuclear powers with conventional weapons.” What makes Gottemoeller’s essay especially valuable is its discussion of how this development will transform nuclear strategy. The world’s nuclear powers have been looking to upgrade their arsenals—just this week, China tested a long-range missile launch from a submarine—and some nonnuclear states are thinking about getting the bomb. But the new deterrence logic “should give pause” to them all, Gottemoeller writes. “Rather than bringing the certainty of security, the bomb may simply invite new and disconcerting forms of peril.”

 

Until next week,

Dan Kurtz-Phelan

Editor, Foreign Affairs

Dan Kurtz-Phelan

Editor, Foreign Affairs

 

The Strange Defeat of Nuclear Deterrence

And the Coming Crisis in Strategic Stability

By Rose Gottemoeller

The Strange Defeat of Nuclear Deterrence

And the Coming Crisis in Strategic Stability

By Rose Gottemoeller

 

P.S. In case you missed the podcast this week, my interview with Oriana Skylar Mastro is available here.

P.S. In case you missed the podcast this week, my interview with Oriana Skylar Mastro is available here.

AI-Driven Cyber Threats to Financial Stability

Artificial intelligence is reshaping cybersecurity risk in ways that carry direct implications for financial stability. The core concern is not new attack techniques, but AI’s ability to accelerate the speed and breadth of exploitation across shared financial infrastructure. A new IMF Note examines five structural vulnerabilities with systemic relevance and proposes seven policy actions to strengthen cyber resilience across the financial sector.

Read the Analysis  →
Cover Image of IMF Notes: AI and Cybersecurity in the Financial Sector

AI-Driven Cyber Threats to Financial Stability

Cover Image of IMF Notes: AI and Cybersecurity in the Financial Sector

Artificial intelligence is reshaping cybersecurity risk in ways that carry direct implications for financial stability. The core concern is not new attack techniques, but AI’s ability to accelerate the speed and breadth of exploitation across shared financial infrastructure. A new IMF Note examines five structural vulnerabilities with systemic relevance and proposes seven policy actions to strengthen cyber resilience across the financial sector.

Read the Analysis  →
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