News - 19.12.2022

What 2023 might hold for financial services?

  • The Financial Centre

Our final Focus On event for the year delved into 2023, examining what we can expect from geopolitical and macroeconomic conditions and how they are likely to influence the financial sector. Further, we took a more in-depth look into the key trends regarding the future of finance, namely technology and sustainable finance.

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Yves Nosbusch, Chief Economist at BGL BNP Paribas, Elizabeth Krecké, Macroeconomic Policy Expert at GIS, Noel Fessey, an Independent Director in Luxembourg’s fund industry, and Bruno Rovelli, Chief Investment Strategist for BlackRock Italy all contributed to a lively discussion relating to the latest geopolitical and macroeconomic trends. They examined how the energy crisis, a possible escalation of the war in Ukraine, continued high inflation and interest rates, and simmering tensions between the US and China are contributing to a bleak situation for 2023.

Our second panel saw Julie Becker, CEO of the Luxembourg Stock Exchange, and Shiva Dustdar, Head of the EIB Institute, examine the future of finance, sharing their perspectives on sustainable finance digitalisation and advice to new talent looking to enter financial services.

What the full replay here.