TIIP’s Roadmap to Building the Financial System’s Resilience To Systemic Social Risk in the Wake of the Covid-19 Pandemic

The roadmap, “Addressing systemic social risk: A roadmap for financial system action,” outlines the pre-existing vulnerabilities in interconnected global social and financial systems that allowed the Covid-19 pandemic to wreak havoc on societies and economies worldwide. It then outlines the way forward and provides recommendations for how the financial system can better manage systemic social risk. It emphasizes that:

• Policymakers and regulators should shape a financial system that ensures corporations equally prioritize all stakeholders and enables investors to embrace long-termism and integrate social risk considerations, and that
• Investors should balance short- and long-term considerations, immediate returns and value.