Evolving the blueprint for financial services

THE government is taking a sectoral approach to guide the restructuring of our economy, because the change needs to be pervasive and the characteristics of each sector are different. For financial services,we need to recognise the following when we think of transformation:

First, financial services are connected to every other industry. It supports the growth of other sectors, and what happens in the financial sector has systemic impact across the economy. Second, the financial sector has been continually …