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Davos 2019: Shaping the future of finance

Release date: 04 Feb 2019 | Eurex Exchange, Eurex Clearing

Davos 2019: Shaping the future of finance

Cross-border capital flows have fallen 65% since the financial crisis while new production and finance technologies are transforming the landscape for growth and investment. In a session at the World Economic Forum hosted by Geoff Cutmore from CNBC, the speakers discussed how global financial architecture needs to adapt. The panel participants were Christine Lagarde, managing director of the International Monetary Fund; Jörg Kukies, German’s State Secretary at the Federal Ministry of Finance; Mary Callahan Erdoes, CEO, Asset and Wealth Management, JP Morgan; Mark Carney, Governor of the Bank of England; Hugo Shong, Founding Chairman of IDG Capital and Sergio P. Ermotti, Chief Executive Officer of UBS.

After a very informative and stimulating discussion Christine Lagarde concluded by saying:

Christine Lagarde

“I hope the financial sector takes that [the preceding discussion] seriously. Change has to take place.”