Future of Finance Working Group

Established in December 2021 and co-chaired by Afsaneh Beschloss and William C. Dudley, the Future of Finance Working Group convenes leaders in the private, public, and multilateral sectors to discuss and evaluate emerging trends, challenges, opportunities, and ideas within the realm of global finance.

This Working Group aims to:

  • Evaluate emerging trends and disruption occurring across the global financial services landscape
  • Enhance dialogue and collaboration among private, public, and multilateral financial actors
  • Consider prudent financial practices, policies, and opportunities for regulatory harmonization
  • Encourage international financial institutions (IFIs) and their member governments to promote open and integrated markets, international commerce and trade, and investment and growth opportunities

The FFWG currently has two project teams: Digital Finance and Climate Finance


Digital Finance Project Team

The FFWG Digital Finance Project Team (DFPT), led by William C. Dudley and Carolyn Wilkins, will publish a series of eight policy briefs analyzing the benefits of digital finance technologies and making recommendations on how to effectively regulate digital currencies and crypto assets without stifling innovation. 

Brief I - State of Play in Crypto Markets: Opportunities and Dangers 

Read the report here

Watch the official release event here

Bloomberg: Crypto Advocates Should Be Begging for Regulation

By: William C. Dudley


Brief II - Emerging Crypto Ecosystem and Positive Use Cases 

Read the report here

Listen to the CoinDesk Money Reimagined Podcast Release Episode Here

Brief III - DeFi Technology: Opportunities and Challenges 

Read the report here

Brief IV - Investor Protection, Market Integrity, and Financial Stability in Digital Finance

Read the report here

Brief V - Governance Issues in the Crypto Ecosystem

Brief VI - Investor Protection and Market Integrity

Brief VII - Security Issues with Crypto - AML/BSA/CFT

Brief VIII - Central Bank Digital Currencies

Brief IX - Crypto and the International Monetary System


Climate Finance Project Team

The FFWG Climate Finance Project Team (CFPT), led by Afsaneh Beschloss and Creon Butler, will explore how to best mobilize the financing required (public, private and multilateral) to achieve net zero.

The CFPT is currently drafting a project proposal to narrow the scope of its work. Stay tuned for more detailed information on BWC's climate finance work to be announced in 2023.


For further information or to get involved in the FFWG, please contact [email protected].