ABSTRACT

World with and after COVID-19   [open pdf - 3MB]

From the Introduction: "The coronavirus disease 2019 (COVID-19) pandemic has posed significant challenges for all economies, and for the financial sector, in 2020. At the same time, the crisis also brings material opportunities for beneficial change. Policy makers, regulators and governments have the chance to rethink the evolution of the financial systems and international relations to make them fit-for-purpose for what could now be called a 'new normal,' where green finance and sustainability will likely become key pillars of the post-pandemic world. A new age of increased digitization and the responsible use of data has the potential to not only change and challenge the financial sector, but also to reshape the mandate of central banks and supervisors. Doing this effectively means investing in revival and not just survival. This year, discussions as part of the Financial Regulatory Outlook partnership between CIGI [Centre for International Governance Innovation] and Oliver Wyman aimed to examine the situation of the financial sector and provide perspectives as we likely (it is hoped) move into the recovery stage of the pandemic, given recent news of the imminent authorization and release of the first COVID-19 vaccines. But normality is likely going to take some time to arrive."

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Date:
2020-11-23
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Copyright:
2020 Centre for International Governance Innovation. Posted here with permission. Document is under a Creative Commons license and requires proper attribution and noncommercial use to be shared:[https://www.creativecommons.org/licenses/by-nc-nd/3.0/]
Retrieved From:
Centre for International Governance Innovation: https://www.cigionline.org/
Format:
pdf
Media Type:
application/pdf
Source:
Financial Regulatory Outlook Virtual Conference. November 23, 2020
URL:
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