“We are in a period of accelerated evolution that will be called a revolution in financial services.”
In 2008, following decades of growth, international banking experienced its most significant challenge in 70 years—a crisis of governance, management, regulation, and supervision, with plummeting public confidence in the sector. Leaders raised fundamental questions about the role of banking in society. Bank boards and management teams were challenged to create more sustainable institutions and to rebuild trust through improved governance and risk management. Regulators reshaped bank regulation and supervisors intensified their oversight.
Today, banks face new challenges as regulatory pressures ease and as the industry continues its evolution. New technologies are transforming the way institutions work and financial markets function, and new ecosystems of competitors and partners are emerging. Policymakers and regulators face their own transformations.
Tapestry’s banking work supports leaders committed to building strong, enduring, and trustworthy financial institutions and systems. Our platforms bring together bank directors and executives, regulators and supervisors, policymakers, and fintech entrepreneurs, to collaboratively address the opportunities, challenges, and risks facing banking and to consider the industry’s direction and its role in the world economy. In addition to providing opportunities for direct and open dialogue, we publish research on the issues of greatest importance to banking leaders.