SAFE: Research Conference: Sustainable Architecture for Finance – Where Are We Now and Where Are We Going?
A stable and sustainable financial system is an essential foundation for economic growth and prosperity. In its capability of steering the allocation of capital at a national and international level, it brings key prerequisites for dynamic and stable economic development, innovation, high employment, broad wealth creation and monetary and fiscal stability. Yet the experiences of the last ten years have shown that high economic and social costs can arise from an insufficiently regulated financial system riddled with false incentives. Despite numerous clear improvements, the effects of many measures and their sometimes unintended side-effects remain largely unknown. A sustainable financial architecture that is convincingly contained by regulatory frameworks has still not been achieved and remains a long-term task.
The conference will review the current financial architecture and will analyze recent developments. It will also try to estimate how the financial system is likely to evolve in the near future and to consider the relevant measures policymakers should take in response to the current environment.