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The COVID-19 pandemic has had a significant impact on banks and capital markets, forcing institutions not just to respond to their clients’ short-term liquidity needs, but also to develop innovative financing solutions, accelerate digitization in their operations, prioritize sustainability, and reconsider old business models. The challenges of the new era are particularly severe in emerging markets, where financial sectors are often nascent. In these markets, fiscal resources may not be available to respond to the COVID-19 crisis and post-crisis development needs.
While the financial services industry has shown resilience to the crisis, more challenges are yet to come in the recovery phase. The Financial Institutions Annual Conference examined trends in the financial industry and capital markets. Speakers, some of the top thinkers in the financial industry, discussed the way forward for financial institutions in developed and emerging markets. The event also focused on the growth of digital technology, the impact of regulations on banks, and new capital markets opportunities, such as sustainability bonds, ESG investing, and other investment areas relevant to the Sustainable Development Goals (SDGs).