System Initiatives Thin chevron Shaping the Future of Financial and Monetary Systems
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Communities Global Future Councils System Initiatives

Shaping the Future of Financial and Monetary Systems

How can the global financial system reinforce its contribution to sustained economic growth and social development?

The global financial system is the cornerstone of economic activity, which is critical for long-term economic growth and development. However, the global financial crisis demonstrated the downside of interconnectedness and revealed a range of systemic vulnerabilities.

As the global financial system recovers, major collaborative efforts are required to rebuild public trust, respond to regulatory and technological change and overcome barriers to financial inclusion. The World Economic Forum’s System Initiative on Shaping the Future of Financial and Monetary Systems aims to build a more efficient, resilient and equitable international system by: enhancing financial stability, innovation and economic growth by analysing the implications of industry transformation in an effort to better understand the competitive, human capital, and regulatory dynamics that will exist in the financial sector of the future; promoting global financial inclusion through a portfolio of in-country impact projects, identifying the highest potential opportunities to increase access to quality, affordable financial services for the unserved and underserved; and better understanding disruptive innovation in financial services by exploring how innovations are changing business models and restructuring ecosystems in specific areas of financial services

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