International banking is both necessary and sufficient for financial development and stability, especially for developing countries. Is the statement true?

Is it true that both sovereign and country risks are important risk factors, especially for international banks, and they are highly correlated meaning that when sovereign risk is high country risk will be high too?

should developing countries be required to peg their currency to that of a developed nation?

Which factor below is causing many of the world's top financial institutions to consider moving their global operations out of London and shift them to other financial capitals within the Eurozone? economic uncertainty high interest rates Brexit high-risk ventures