This initial report from the New Financial Architecture was mandated by the Forum’s investors and financial services communities in January 2008 to explore the driving forces that are shaping the global financial system in both the near-term and the long-term, and how these forces might affect governance and industry structure. This report is the outcome of phase one and presents a near-term analysis for key stakeholders and employs scenario thinking to describe four potential long-term futures for the global financial system. 

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