Please view the final conference programme below.
Tuesday 7 February, 2017
Registration and Welcome Coffee
Opening Keynote Presentations
Partner, Head of Financial Services Practice,
Vice-President and Commissioner for the Euro and Social Dialogue,
Session 1: Strengthening the EU financial sector's resilience – Risk on or Risk off?
Almost a decade has passed since the first shockwaves in banking plunged Europe and the US into crisis. The EU's response has been a determined strategy to create much more resilient and durable prudential and operational requirements of banks and the providers of financial services.
Most EU countries, however, still find themselves in the economic doldrums that followed the 2008 low point of the financial crisis. Stronger and more efficient financial services were expected to boost business confidence throughout Europe, so how effective is the EU strategy proving to be? Have we gone too far? What further steps are needed, both within the eurozone and at EU level? Is continued de-risking really the right strategy?
Brussels Bureau Chief,
The Wall Street Journal
José María Roldán,
Chairman and CEO,
Spanish Banking Association
Director, Directorate E - Financial system surveillance and crisis management, DG FISMA,
Marc Antoine Autheman,
Chief of Staff to the Group CEO, Chairman of globeSettle, Country Head for France, Benelux and Germany,
London Stock Exchange Group
Session 2: Seamless capital markets – one step forward, three steps back?
As the initial phase of the Capital Markets Union project comes to a close, it is debatable how successful we have been at identifying and plucking the low-hanging fruit. The second phase of the project promises to be even more challenging with politically sensitive issues such as insolvency law and taxation at its heart. Can the political will to succeed be found?
These questions threaten to be overshadowed by the UK’s decision to leave the European Union. The City of London is Europe’s key capital market, the leading global centre for capital market activity. How do we minimise the economic disruption for the European economy as a whole from the fall-out from the referendum? What are the risks to sovereign and corporate funding? Will there be an overall fall in capital market activity in Europe or can other financial centres help soften the blow?
Arlene McCarthy OBE,
Special Advisor to the Chairman & Non-Executive Director,
Cassa Depositi e Prestiti
Directorate C - Financial markets, DG FISMA,
Deputy Secretary General, Regulation Policy and International Affairs Division,
Autorité des marchés financiers
Lunch Session (by invitation only): The International Outlook – Shake-up or Stabilization?
While some debates are concentrated in Europe, the broader global themes remain challenging. Growth is weak, central banks have almost exhausted the toolbox, negative interest rates are increasingly commonplace, bank profitability is low, and the outlook for insurers and other non-banks is uncertain. Have we reached the limits of our exceptional monetary policy approach?
The stresses and strains are being felt in the push for coordinated standard setting for our financial services providers. The latest round of Basel Committee discussions featured important differences in regional approaches. The IAIS and IOSCO also stand before important challenges. TTIP itself appears in difficulty, never mind the prospects for the inclusion of financial services regulatory convergence. Have we reached the high-water mark of international cooperation? Does a hard-Brexit risk exacerbating this trend?
Former Deputy National Security Advisor for International Economics and Deputy Director of the National Economic Council