The Role of Financial Services in Society

Project summary

The initiative aims to address one of the most important challenges to emerge from the 2008 financial crisis: a lack of trust in the financial services. It offers a neutral space in which industry members, regulators and academics can discuss ways to restore confidence and increase social and economic value

Objectives

In its drive to restore trust and confidence in the financial services sector, the initiative aims to:

  • Devise standards and mechanisms (outside specific regulations) to continually assess its activities in terms of economic and social value
  • Address critical issues related to public perception of financial institutions, such as the need to improve conduct within the industry, develop a regulatory agenda to ensure credit growth and manage trade-offs between financial innovation and stability

Key Organizations

  • ABB
  • Banorte
  • Depository Trust & Clearing Corporation (DTCC)
  • Deutsche Börse
  • European Bank for Reconstruction and Development (EBRD)
  • HSBC
  • Institute for New Economic Thinking (INET)
  • Intesa Sanpaolo
  • Markit
  • MasterCard
  • National University of Singapore
  • Princeton University
  • Standard Chartered Bank
  • UBS
  • UNI Global Union
  • Western Union Company
  • Zurich Insurance Group

Project Management

Matthew Blake, Director, Head of Banking and Capital Markets Industry
matthew.blakea8076600493ae16@fe82b8f14fc1a277weforum.org
Tel: +1 212 7032300