Bretton Woods Committee | Sun, Nov 6, 2022
FOR IMMEDIATE RELEASE (Washington D.C. – Nov. 6 / Singapore – Nov. 7)
The Bretton Woods Committee (BWC) and DBS Group are jointly organizing the inaugural Future of Finance Forum 2022, held on November 7 from 9:00AM to 12:30PM SGT at the National Gallery Singapore.
The Forum, situated between the Singapore Fintech Festival and the G20 Leaders’ Summit, will convene public, private, and multilateral leaders to discuss the catalytic role of fintech in the global financial and monetary system. This year’s edition is the inaugural conference of BWC’s new flagship Future of Finance Forum to be held annually in the Asia-Pacific region. “There’s no better place to hold this inaugural event than in the dynamic fintech hub of Singapore, and no better partner than DBS Group who is a financial services leader in innovation,” said BWC Executive Director Emily Slater.
This year’s Forum titled Digital Dynamics and the Global Financial System will explore how digital technologies are re-shaping the financial services system and revolutionizing the global financial architecture. “Many areas of the current system could be made more efficient. DeFi technologies provide opportunity for progress in a number of important use cases, such as cross-border payments, trade finance, digital identity and KYC, but guardrails are lacking in terms of governance and regulation. These need to be put in place as soon as possible,” stated William C. Dudley, Chair, BWC.
“Web 3.0 technologies – blockchain, digital currencies and decentralised finance - are here to stay. While they offer great promise, suitable regulatory frameworks will be key in enabling their growth and giving market confidence to all involved. Across the globe, however, it is clear that regulators have a multiplicity of views, with some on varying ends of the spectrum. This underscores the complexity of the issues at hand, and it is our hope that today’s forum – drawing on the experience of key regulators and private sector practitioners – will help advance what will be increasingly important conversations to the future of finance,” said Piyush Gupta, CEO, DBS Group.
The Forum features a high-powered and prominent agenda of fintech regulators and practitioners who will explore how the rapidly evolving fintech ecosystem can make the system more inclusive and efficient, while at the same time considering how to effectively regulate it to minimize risks.
About the Bretton Woods Committee
The Bretton Woods Committee is the preeminent non-profit organization dedicated to effective international economic and financial cooperation. www.brettonwoods.org
Media Contact Elena Tosana, Program Director, [email protected], +1 703-389-7428
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com