The 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. Discussions as part of the Financial Regulatory Outlook partnership between CIGI and Oliver Wyman, held virtually on November 23, 2020, focused on how policy makers and financial services leaders can help the industry navigate the risks they face during and after the pandemic and, as a result, build more resilient economies and financial systems for the future.

About the Authors

Giovanni Tria is a CIGI distinguished fellow and an economist with more than 40 years of academic and professional experience in the fields of macroeconomics, economic development policies, public economics and public investment assessment.

Angelo Federico Arcelli is a CIGI senior fellow and a non-resident fellow at the Center for Transatlantic Relations at Johns Hopkins School of Advanced International Studies in Washington, DC.

Robert (Bob) Fay is the managing director of digital economy at CIGI. The research under his direction assesses and provides policy recommendations for the complex global governance issues arising from digital technologies.