A central objective of the Navigating Global Financial System Fragmentation initiative is to ensure that financial stability and capital markets benefit the approximately 7 billion people on the planet. It is highly probable that the world will be more multipolar in the near future. Against this backdrop, the guardrails outlined in this report are designed to limit excess fragmentation and protect the integrity of the global financial system. These frameworks do so without infringing on national sovereignty, while still safeguarding the ability of the financial sector to fulfil its fundamental role of intermediating global savings and channelling them to promote investment and economic growth for individuals, businesses and governments. By directing the benefits of financial flows towards achieving development goals, particularly the Sustainable Development Goals (SDGs), the global financial system and its participants can help create a more equitable and sustainable future. 4.4 Concluding thoughts Integrate AI, digital assets and fintech into the global regulatory environment The safe and efficient integration of AI, digital assets (especially digital currencies) and fintech applications into the global financial system can promote financial inclusion and greater EMDE economic participation. However, the emergence of these technologies requires the development of voluntary international standards and policies, as well as regulatory frameworks that facilitate interoperability, efficiency and a level playing field with traditional financial institutions. Diverse stakeholders from around the world must actively participate in standard-setting initiatives, recognizing that these standards should be adaptable to technological advances and evolving economic priorities, while “embedding” the rule of law.97 Ultimately, the goal should be to create a more equitable and accessible global financial landscape. Navigating Global Financial System Fragmentation 37

Navigating Global Financial System Fragmentation 2025