Publication

On July 21, eleven chairs of the boards of banks and insurance companies from Africa, Canada, Europe, and the US met to discuss the risks of greatest concern in the current environment, as well as emerging opportunities. The board leaders exchanged perspectives on the key issues facing their boards; the conversation will inform Bank and Insurance Governance Leadership Network discussions through the end of 2020, including the Financial Services Leadership Summit. Four major themes surfaced:

• Firms are well capitalized, but concerns about financial resilience are growing

• Reputational risk is heightened as “days of reckoning” draw near

• A new paradigm for public sector involvement with business is emerging

• The race to digitize has only accelerated