The World Economic Forum has created a Global Peppy Team To Study Global Financial System
The WEF selected a team to report in Davos World Economic Forum 2017
The Global Peppy team table study report about global financial system in World Economic Forum 2017 in Davos
The future global financial system is under keen observation under the guidance of the WEF (World Economic Forum). A new team has been built by the WEF to perform this serious task. The team comprises of Mark Carney, Governor, Bank of England and Raghuram Rajan, Governor, Reserve Bank of India. The team newly built by the WEF also comprises of Brian Moynihan, Chairman and CEO, Bank of America and Douglas Flint, Chairman, Hongkong and Shanghai Banking Corporation (HSBC). The team is further strengthened with an addition of Michael Corbat, CEO, Citigroup, Laurence Fink, Chairman and CEO, BlackRock, Min Zhu, Deputy Managing Director, IMF (International Monetary Fund) and Liu Mingkang, Researcher fellow, Chinese University of Hong Kong. The forum had its annual meeting recently held in Davos, a week back. It was titled as Davos World Economic Forum. This is probably a classic peppy global team created by WEF to conduct a study on the global financial system.
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The powerful task force is equipped with a strong backup teams, equipment and tools. The major task is to study the emerging markets, regulatory and monetary policies, variations in trust in financial services, technology, and financial inclusions. These segments will be distributed among the newly built global team to carry on studies in respective directions so as to arrive at a conclusion at a later stage. This exercise will be happening throughout 2016. The final objective is to publish a concrete set of commendations and a plan of action based on these commendations. The detailed report with defined objectives and drawn out conclusions will be presented at the Davos World Economic Forum 2017 under the WEF’s banner ship. The peppy global team is supposed to produce wonderful results.
It appears that the objectives defined will be achieveable looking at the powerful team of stalwarts. Each team member is a master in its own field and has a proven track record. The objectives are tough but not impossible to achieve. It is important to understand the emerging trends the future global financial system. It is already late. The efforts must have been done a decade back in these directions. It is apparently visible that the gap between the rich and poor in the world is widening at a strange pace. Th poor are becoming poorer and rich are become richer. A small percentage of richest slot of the world is equated to the major chunk of the weaker section of the world in financial terms. It is important to control and govern economies in a structured manner.
The annual meeting of the World Economic Forum to be held in 2017 in Davos is expected to bring eyeopening revealations and a concrete action plan based on those observations. The report and the action plan are expected to bring most of the economies on a common platform to derive the future of financial system on a global front. India’s footprints are increasing in all verticals on global scenario. All eyes are set on the peppy global team set by WEF to study global financial system.