The global financial system is confronting new realities as geopolitical and geoeconomic shifts upend existing norms. At the same time, volatile markets and rapid technological advancements are reshaping the global macroeconomic landscape. While these renewed uncertainties present fresh challenges to global financial resilience, they also create opportunities for innovation and collaboration that can support long-term economic growth and development. Reflecting this dynamic backdrop, the centre aims to provide an independent and impartial platform to design a more sustainable, resilient, trusted and accessible financial system that reinforces long-term value creation and economic prosperity. To achieve this ambition, the centre is structured around three thematic pillars: financial resilience for institutions and individuals, technology-enabled innovation in finance, and sustainable finance and investing. Guided by these pillars, the centre engages a diverse base of partners year-round through a variety of strategic content initiatives. These include mapping the implications of AI adoption across the financial system, analysing how demographic shifts will affect financial institutions and their clients, and examining the consequences of rising geoeconomic tensions on global finance and the broader economy, among many other areas of focus. During the reporting period, the centre achieved several key milestones. Supported by more than 25 chief executives and chairpersons of global financial institutions, the Navigating Global Financial System Fragmentation initiative analysed and quantified the costs of fragmentation, as evidenced by the increasing use of sanctions, industrial policies, investment restrictions, divergent regulations, tariffs and other manifestations around the world. Through a series of multistakeholder convenings and interviews, the initiative proposed a set of principles, rules and policy recommendations aimed at protecting the integrity of the global financial system while acknowledging national security and sovereignty concerns. The 2024 Global Retail Investor Outlook, covering 13 markets and representing a statistical sample of 50% of the global population, was conducted to better understand the evolving landscape of individual investors. To address the need for more robust data and empirical evidence on fintech, the centre conducted a global survey of 240 fintech companies in The Future of Global Fintech: From Rapid Expansion to Sustainable Growth, in collaboration with the Cambridge Centre for Alternative Finance. The results will inform multistakeholder roundtables with industry leaders, regulators and policy-makers to inform future action. The centre also supported hard-to-abate economic sectors in their pursuit of financing and policy solutions to drive net-zero transitions. This work included hosting a three-day First Movers Coalition workshop in partnership with the US Department of Energy and the State Department, authoring a corporate playbook for achieving net-zero goals, and a deep dive into key economies. These efforts aim to promote long- term value creation and economic growth while advancing environmental sustainability and energy independence. Continuing its focus on demographic change and its implications for the financial system, the centre progressed its Longevity Economy initiative. This work promoted financial resilience by identifying and spotlighting impactful start-ups in the longevity space and by connecting them with key stakeholders, including investors and financiers. Over the past year, more than 50 organizations committed to taking tangible action aligned with the centre’s Longevity Economy Principles, which emphasize the development of cutting-edge investment vehicles and products tailored to ageing populations, the expansion of financial education access and the mitigation of demographic disparities driven by socioeconomic factors. The centre was also part of the UpLink Prospering in Longevity Challenge, which aims to build a community for start-ups that promote financial resilience, equitable healthy ageing and lifelong fulfilment. In March 2025, the centre convened over 170 global decision-makers from 17 industries and 22 countries in Hong Kong under the theme “Financial Services for the Intelligent Age”. Participants from business, academia, civil society, the public sector and innovation communities engaged in 14 sessions to address the most pressing issues facing financial systems today. Finally, as part of its annual programming alongside the International Monetary Fund and World Bank Group Spring and Annual Meetings, the centre brought together financial services leaders, policy-makers, civil society representatives and other experts to discuss and strategize on critical financial and economic issues impacting sustainability and global growth.Centre for Financial and Monetary Systems The centre offers a platform to support focused, action-oriented dialogue among global decision-makers, helping to create a stronger, more resilient financial system. Matthew Blake, Managing Director Annual Report 2024-2025 Our Organization29

Annual Report 2024 2025