The global financial community will gather from March 15 to 16 in the Saudi capital Riyadh for the second edition of the Financial Sector Conference (FSC 2023) and shape the agenda for the international financial community.

Leaders and senior executives from some of the most prominent international institutions will work alongside government ministers and top-level decision makers to help set the industry agenda for 2023 and explore innovative solutions to unprecedented challenges facing the sector. FSC 2023 is taking a confident outlook on the sector with the event being held under the conference slogan – “Promising Financial Horizons”.

The 2023 conference has already attracted representatives from leading banks, venture capitalists, market specialists and investment gurus from Asia, Europe and North America to join regional experts in a series of insightful presentations and timely panel discussions and debates. Companies represented include Goldman Sachs; Credit Suisse; HSBC; Deutsche Bank; JP Morgan and S & P Ratings among many others.

Current challenges

The conference is expected to be an opportunity to address current challenges and identify opportunities for the future of finance.

From issues such as record-high inflation and interest rates to a global economic slowdown and the rise of disruptive technologies that can be better harnessed to enable future growth, the conference is focused on solutions and outcomes.

The event will also examine the resilience of financial institutions and explore the impact of non-banking institutions in a rapidly changing sector that is absorbing the new economic realities of today.

Critical time

Minister of Finance and Chairman of the Financial Sector Development Programme Committee Mohammed Aljadaan, said: “The launch of the 2nd Edition of the Financial Sector Conference comes at a critical time in the world as the regional and international financial community seeks to overcome the current challenges of the global economy, including slow growth, high inflation, and uncertainty, which have affected the global supply chain.”

"The kingdom is committed to accelerating progress in line with Saudi Vision 2030 through the execution of structural reforms, including within the financial sector. Vision 2030 aims to drive sustainable economic growth and improve the quality of life by delivering effective strategies, programs, and projects.

“These efforts will help achieve higher growth rates and generate employment opportunities. Vision 2030 also aims to provide improved services through enhancing the role of the financial sector, boosting local content, promoting national industry, and strengthening the kingdom’s financial position."

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