Against the backdrop of the significant transformation foreshadowed by the three themes highlighted above, how will bankers bend without breaking in this environment? How will they guide their institutions to thrive and not just survive? I want to draw on an analogy from football, appropriately so in the wake of the recently concluded Euro 2020 tournament.
For the first time in over 50 years, England was on the cusp of winning its first major global tournament. Unfortunately, the trophy did not come home but went to Rome. As English fans absorbed their 2/4  BIS central bankers' speeches  loss, they must have remembered their retired talisman David Beckham, who could have very likely made the difference.