The ACT
summit in Edinburgh has had a wide range of speakers of variable quality.
However, today’s keynote is one that most people take note of: James
Wolfensohn.
Wolfensohn is well-known for an illustrious career, including close work with
Paul Volcker, the former chairman of the Federal Reserve, and a tenure as
President of the World Bank.
Wolfensohn is a sharp cookie, and began by talking about how the world must
look forward and how rapidly the world is changing. He reflected upon the fact
that we must escape our short-termism, and think longer-term. The Northern
Rock's, Bear Stearns and UBS’s of this world will soon be forgotten and written
into history. China, India, Africa and America will always be here.
On this note, we need to think about the future of the world and the fact that, by 2050, there wlll be another three
billion people on the planet. That’s one extra human for every two around today,
or a 50% hike over today’s numbers in other words.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
