Having emerged from an initial period of extreme stress inflicted by the COVID-19 pandemic, the global financial system is playing an important role in enabling the ongoing economic recovery. The system is able to support the economic recovery due to measures taken after the global financial crisis, such as capital, liquidity and leverage ratio improvements, broad-based digitization strategies and better risk controls. The Global Future Council on Responsive Financial Systems is exploring how the financial system can most effectively facilitate the post-COVID rebuild and ensure that stakeholders are rebuilding in a green and sustainable manner. The council is taking a keen interest in innovative solutions to enable green finance and will contribute to the discussions informing dialogue at the COP26.

Co-chairs

Alice Law Shing-Mui, Deputy Chairman and Managing Director, Hong Kong Mandatory Provident Fund Schemes Authority, Hong Kong SAR, China

Huw van Steenis, Senior Advisor to the CEO, UBS AG, Switzerland

Council Managers

Kai Keller, Initiative Lead, The Future of Financial Services in China, World Economic Forum Beijing Representative Office

Marie Penelope Nezurugo, Research and Analysis Specialist, World Economic Forum