Sustainable credit
Introduction
In the aftermath of the global recovery attention is focusing on how to ensure greater stability amid concern about the susceptibility of some banks to ongoing turmoil and after-shocks in the financial markets.
As banks repair their balance sheets and deal with huge writedowns concerns remain that with markets still reluctant to support leverage the severely diminished flow of credit may undermine a global recovery.
It is accepted that the credit recovery will be slow and that policy moves by lawmakers may be required to address credit constraints. The International Monetary Fund has warned during 2010 of the continued risks to global recovery and said that concerns about European government bonds could prompt another banking crisis.
"Financial sector risks are not confined to European banks," the IMF said. "The recent turmoil has again demonstrated the susceptibility of banks worldwide to runs on wholesale funding," it added.
Sustainable Credit Report 2011
Credit levels will need to double over the next 10 years, growing by US$ 103 trillion, to support consensus-projected economic growth. This doubling of credit could be achieved without increasing the risk of major crisis, finds More Credit with Fewer Crises: Responsibly Meeting the World’s Growing Demand for Credit, a report released by the World Economic Forum in collaboration with McKinsey & Company. The study develops a detailed global credit model using historical credit volumes and forecasting potential credit demand to 2020 across 79 countries, representing 99% of world...
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January 17, 2011
Summit on the Global Agenda 2010
The Summit on the Global Agenda is a unique gathering of the Members of the Forum’s Network of Global Agenda Councils, the world’s most relevant thought leaders from academia, business, government and society.Over 700 participants are engaging in interactive workshops and sessions to set priorities for the most compelling ideas to improve the state of the world and identify the latest trends, risks and innovative solutions to address the world’s challenges.
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November 28, 2010
Financial services industry outlook
Panel members include: Josef Ackermann, Chairman of the Management Board and the Group Executive Committee, Deutsche Bank, Germany; Member of the Foundation Board of the World Economic Forum; Chair of the Governors Meeting for Financial Services 2010; Co-Chair of the World Economic Forum Annual Meeting 2010; Hans-Paul Bürkner, Global Chief Executive Officer and President, The Boston Consulting Group, Germany; Co-Chair of the Governors Meeting for Professional Services; Colin Dyer, President and Chief Executive Officer, Jones Lang LaSalle, USA; Chair of the Governors Meeting for...
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October 29, 2010
Financial Development
The Financial Development Report measures and analyses the factors enabling the development of financial systems in a number of economies around the world. It aims to provide a comprehensive means for countries to benchmark various aspects of their financial systems and establish priorities for improvement. It is published annually so that countries can benchmark themselves and track their progress over time.The Report does not attempt to inform current or short-term events, such as the latest developments affecting the eurozone. Rather, it aims to serve decision-makers in developing a...
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October 24, 2010
The Global Enabling Trade Report 2010
Singapore and Hong Kong SAR continue to occupy the top two positions followed by Denmark, Sweden and Switzerland in the The Global Enabling Trade Report 2010, released today by the World Economic Forum. New Zealand, Norway, Canada, Luxembourg and the Netherlands complete the top-10 list. Among the large economies, Germany is the best performer at 13th, ahead of the United States, which drops by three places to 19th. China (48th) and Brazil (87th) remain stable, while Turkey (62nd), India (84th) and Russia (114th) drop in the ranking.The results mirror the resilience against the threat of...
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October 24, 2010
Mobile Financial Services Development
Click below to browse and read the report and download the data files. Download Report PDF Launch PDF Reader Download Data FilesDownload Report PDF Launch PDF Reader Download Data Files Click on the image to interact with the report data. Create and share tables, maps and charts with the data analyzer. The Mobile Financial Services Development Report 2011 provides a comprehensive analysis of more than 100 variables across 20 countries in Africa, Latin America and Asia. Developed in conjunction with the Boston Consulting Group, the report measures the critical factors necessary to...
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October 20, 2010
New Financial Architecture
The Forum has looked at the driving forces shaping the global financial system and how these forces might affect governance and industry structure. Two reports on this subject have been published.The first report The Future of the Global Financial System: A Near-Term Outlook and Long-Term Scenarios1, published in January 2009 explored: How the financial crisis, and the changes it has precipitated in financial regulation and supervision, might affect the near-term structure of wholesale financial markets and how these changes would likely impact players in the banking, insurance...
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October 20, 2010
Alternative Investments
Through recent years, alternative investment asset classes such as private equity have become increasingly important pools of capital in the global financial system.Private equity activity in particular (defined as equity investments by professionally managed partnerships that involve leveraged buyouts or other equity investments with a substantial indebtedness) has accelerated noticeably. The total value of firms (both equity and debt) acquired in leveraged buyouts is estimated to be $3.6 trillion from 1970 to 2007, of which $2.7 trillion worth of transactions occurred between 2001 and 2007....
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October 20, 2010
Financial Leadership in Asia
In the aftermath of the global economic crisis, Asia's lowly leveraged banks have proven far more resilient than their Western counterparts whose values and market capitalization have shrunk dramatically.How are the resilience of Asia's banks and coordinated monetary policies such as the Chiang Mai Initiative strengthening Asia's global financial leadership? And, where are the greatest opportunities for business given the growth of Asian banking?Key Points• Asia’s response to its financial crisis a decade ago helped insulate it from the global financial crisis. Governments saved funds ...
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June 7, 2010
Redesigning Financial Regulation
Redesigning Financial RegulationAn Internet search of "global financial regulation" results in over 17 million possible entries to explore.How should the largest financial institutions in the world be regulated domestically and internationally?Key Points• Work at the international level to redesign the global financial system is ongoing at the Financial Stability Board (FSB), the G20 and the Basel Committee on Banking Supervision. First and foremost, the risk of a systemic failure must be minimized and the system must be made more resilient• The regulated are calling for ...
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January 30, 2010
The Globalization of Finance: What Are the Systemic Risks Ahead for Asia?
The Globalization of Finance: What Are the Systemic Risks ahead for Asia?• Shaukat Aziz • Nobuyoshi John Ehara• Benjamin Jenkins • Zeti Akhtar AzizModerator • Alan G. FriedmanMonday 16 JuneModerator Alan G. Friedman, Executive Editor and Anchor, FBC Media, United Kingdom, opened the session by posing two questions. Against the backdrop of the contagion effects from the sub-prime crisis, is the view that there is a decoupling between US and Asian markets still valid? And how big a threat is inflation to Asian economies?The panellists were unanimous that there has not been decoupling because ...
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June 16, 2008
