Global Banking: Restructuring and Reform

As the post-crisis era is dawning with the moderate recovery of the world economy, the fragile banking sector that has survived the financial upheaval is confronted with new challenges. It has to accomplish the vital but tricky tasks of healing its wounds on the one hand, and playing an important role in the economic resurgence on the other hand. Also, under the new global financial structure and regulatory system, the banking industry is struggling to rebuild its business models, risk management mechanism and corporate governance structure. At the same time, as one of the markets with the greatest potential, China’s banking sector is faced with the critical issues of how to choose between universal and specialized banking, and how to take an active role in reshaping the global financial landscape by leveraging its capital advantages. Forum 2010 will explore these issues and more as it probes the future of the global banking industry from the perspectives of government officials, renowned economists and bankers.