Governing Finance for Sustainable Prosperity

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Finance impacts all aspects of our lives, from our economies to social cohesion to the ecological systems we depend on for our very survival. As a result, the implications of how we govern finance are fundamental, and ultimately existential.

Whether we succeed in improving lives, creating opportunity, strengthening communities, and protecting nature depends greatly on financial markets. Aligning the governance of finance with these objectives is critical. Alarmingly, it currently points elsewhere.

This must change. Urgently.

We must remind ourselves that the ultimate purpose of financial governance is to foster sustainable prosperity. We must ensure that the instruments central banks and financial supervisors deploy are supportive of the broader societal goals we have. We must orient the institutions governing finance accordingly. And we must recognize that the opportunities, the disruptions, as well as the continuous flow of crises we face require agility, cooperation, and action.

Now.