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.blake@weforum.org
Tel: +1 212 7032300

Contact

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