Financial Services in the 2020s - Tectonic Shifts and New Landscapes




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Jun 23, 2019
by Oscar Tollast
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Financial Services in the 2020s - Tectonic Shifts and New Landscapes

Latest program of the Salzburg Global Finance Forum to focus on key long-term trends and scenarios for financial services Photo by M. B. M. on Unsplash

Senior and rising leaders from financial services and regulatory authorities are among those attending the latest program of the Salzburg Global Finance Forum.

Financial Services in the 2020s: Tectonic Shifts and New Landscapes will convene participants for an intensive two-day session at Schloss Leopoldskron in Salzburg, Austria.

The program, which begins on June 23, will include panel-led discussions, in-depth working groups, and an Oxford-style evening debate entitled, “Resolved, a cashless society will decrease financial inclusion.”

Each day has an overarching title: The Changing World, Dealing with the Brave New World, and Global Coordination.

This year’s program is being co-chaired by Ashley Alder, CEO of the Hong Kong Securities and Futures Commission (SFC), and Gene Ludwig, founder and CEO of Promontory Financial Group.

During the program, participants will address a set of critical questions, which fall under four themes: geopolitical shifts and drivers of global change; long-term investments and sustainable finance; technology, digitalization and regulation, and international governance.

In a retreat-style atmosphere, the Forum will help facilitate candid, in-depth analysis of the strategic challenges and emerging risks identified by representatives from financial service firms, supervisory and regulatory authorities, public policy leaders, and professional service providers.

This year’s program will build on the existing work of the Forum, which tackles issues critical to financial markets, their participants, and global economic growth and stability. Last year’s program—The Promise and Perils of Technology: Artificial Intelligence, Big Data, Cybercrime and FinTech—offered valuable insights on the rapid and often disruptive development of technological advances, as well as the emergence of new players and business models.

Tatsiana Lintouskaya, program director at Salzburg Global Seminar, said, “This year’s program will look to the next decade and examine the shifts that are disrupting the financial services ecosystem and the existing regulatory frameworks. The discussion will delve deep into the new challenges and opportunities and will address the fault lines in the global financial system with the aim to make it more sustainable, effective, and resilient.”

The Salzburg Global Seminar program, Financial Services in the 2020s: Tectonic Shifts and New Landscapes, is part of the multi-year Salzburg Global Finance Forum. This year's program is being held in partnership with JP Morgan Chase & Co. and Oliver Wyman. The sponsors are Cleary Gottlieb, Davis Polk & Wardwell LLP, Raiffeisen. The co-sponsors are Bearing Point, European Banking Federation, Dynex Capital Inc., and State Street.