{"id":34935,"date":"2017-10-31T11:12:08","date_gmt":"2017-10-31T10:12:08","guid":{"rendered":"https:\/\/www.w-t-w.org\/en\/?p=34935"},"modified":"2017-10-31T12:02:43","modified_gmt":"2017-10-31T11:02:43","slug":"34935-2","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/34935-2\/","title":{"rendered":"Future of Financial and Monetary Systems"},"content":{"rendered":"<p>The World Economic Forum (Wef) not only reports on:<a href=\"https:\/\/nextcity.org\/daily\/entry\/megacities-ranked-gender-equality-women\" target=\"_blank\" rel=\"noopener\">&nbsp;<\/a><strong><a href=\"https:\/\/www.weforum.org\/agenda\/2017\/10\/metoo-gender-equal-cities-and-other-top-gender-stories-of-the-week\" target=\"_blank\" rel=\"noopener\">#MeToo<\/a>, the most dangerous cities for women and other top gender stories of the week <\/strong>it also discussing: Balancing Financial Stability, Innovation, And Economic Growth in&#8230;<\/p>\n<p><span class=\"community__formatted-title\">Shaping the Future of Financial and Monetary Systems:<br \/>\n<\/span><a href=\"https:\/\/www.weforum.org\/system-initiatives\/shaping-the-future-of-financial-and-monetary-systems\" target=\"_blank\" rel=\"noopener\">Wef<\/a>, in an effort to understand better the implications of the Fourth Industrial Revolution \u2013 a technology-led transformation that is fundamentally altering the way people work, live and relate to one another \u2013 the World Economic Forum has prioritized a review of the financial system through the launch of a new initiative: Balancing Financial Stability, Innovation, and Economic Growth.<\/p>\n<div class=\"st__content-block st__content-block--text\">\n<p>This White Paper provides a summary of findings identified during the ongoing discussions and interviews, which at a very high level can be condensed in the following four points:<\/p>\n<\/div>\n<div class=\"st__content-block st__content-block--text\">\n<p>\u00b7 Further major innovation-driven change is coming in financial services.<\/p>\n<\/div>\n<div class=\"st__content-block st__content-block--text\">\n<p>\u00b7 Joint, concerted action is needed to enable the system to reap the benefits of innovation.<\/p>\n<\/div>\n<div class=\"st__content-block st__content-block--text\">\n<p>\u00b7 Managing some systemic risks introduced by this wave of innovation poses challenges.<\/p>\n<\/div>\n<div class=\"st__content-block st__content-block--text\">\n<p>\u00b7 The financial services system would benefit from certain tools to achieve greater enablement and risk management.<\/p>\n<\/div>\n<div class=\"st__content-block st__content-block--text\">\n<p>This whitepaper was prepared in collaboration with Oliver Wyman. WEF:<a href=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/WEF_Whitepaper_FSIEG.pdf\" target=\"_blank\" rel=\"noopener\"> (FSIEG)<\/a><\/p>\n<div id=\"attachment_34940\" style=\"width: 711px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.w-t-w.org\/en\/34935-2\/world-economy\/\" target=\"_blank\" rel=\"attachment wp-att-34940 noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-34940\" class=\"size-full wp-image-34940\" src=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/World-Economy.jpg\" alt=\"\" width=\"701\" height=\"397\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/World-Economy.jpg 701w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/World-Economy-300x170.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2017\/10\/World-Economy-500x283.jpg 500w\" sizes=\"auto, (max-width: 701px) 100vw, 701px\" \/><\/a><p id=\"caption-attachment-34940\" class=\"wp-caption-text\">Harm Bengen<br \/>www.w-t-w.org\/en\/harm-bengen<br \/>www.harmbengen.de<\/p><\/div>\n<p>Wef <a href=\"https:\/\/www.weforum.org\/press\/\" target=\"_blank\" rel=\"noopener\">Media<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The World Economic Forum (Wef) not only reports on:&nbsp;#MeToo, the most dangerous cities for women and other top gender stories of the week it also discussing: Balancing Financial Stability, Innovation, And Economic Growth in&#8230; Shaping the Future of Financial and &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/34935-2\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-34935","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"The World Economic Forum (Wef) not only reports on: #MeToo, the most dangerous cities for women and other top gender stories of the week it also discussing: Balancing Financial Stability, Innovation, And Economic Growth\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Kathrin Katanoba\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/34935-2\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO 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