World Islamic Economic Forum (WIEF) Foundation, in collaboration with Securities Industry Development Corporation (SIDC) will be organizing WIEF SIDC POWERTALK webinar 2020. Its first series is entitled Moving Forward: Banking & Capital Market Trends, happening on 8 December 2020 at 11:00am to 12:15pm (+8 GMT).
The role players are Tan Sri Abdul Wahid Omar, Chairman, Bursa Malaysia (KL Stock Exchange), Peter Burns, Global Banking & Capital Markets Leader, Partner, PwC Australia and Raja Teh Maimunah Raja Abdul Aziz, Managing Director of Wholesale Banking, AmBank Group Malaysia and WIEF Advisory Board Member, as the moderator.
The session will focus on global economic growth outlook, concerns and potentials, as well as:
- How banking and capital market industry can help protect workers, bottom lines as well as liquidity.
- How consumers options in lending can be ensured
- How customers’ loyalty can be retained, amid the rapid emergence of new technologies, talents and products
- How working practices can be aligned in businesses as well as supply chains, in accordance with the new-norm
Realizing that banking and capital market play an integral part in helping economic recovery, WIEF Foundation and SIDC developed the session content to be focussing on ways to ensure that the cost curve is bent positively to produce better profit as well as long-term impact to the society. The discussion will hopefully help banks and capital markets to remain hyper-vigilant and have better coordination between different stakeholders or partners.
In this time of economic difficulties, the economic main players should focus on generating ideas in repositioning businesses, through practical and diversified short-term turnaround strategies and best ways to collaborate with competitors via shared services or resources while managing the corporate value chain to prevent monetary loss and business halt.
When asked about the future trends of banking and capital markets, Tan Sri Abdul Wahid Omar said, ‘given the rapid changes that have occurred, moving forward with the status quo now seems inconceivable.’
‘Like it or not, there’s no going back. Financial services and the world it serves have moved on in the wake of the COVID-19 pandemic, heightening the pressure on costs and revenues. The world has also opened up, creating opportunities to rebuild public trust, engage more closely with customers, and carve out new income streams.’ Peter Burns responded when asked to respond to the topic of this webinar.
We welcome media partners to collaborate with us for our current and future programmes. For event coverage and role players interview requests, please contact Faizah Jaafar at +6019 399 7746 (firstname.lastname@example.org).
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