An outline agenda for this conference can be found below. A full agenda will be available very shortly, but in the meantime, you can view details of the high-level speakers participating at this event by clicking on the 'speakers' link above.
Monday 26 April, 2010
Registration & Welcome Coffee
Secretary of State for Finance,
Ministry of Finance, Belgium
Bank of America Merrill Lynch
Session 1: Fashioning Global Governance for Financial Services
The regulatory architecture of the global economy is changing as a result of the financial crisis, with rising economic powers asserting a new role Do we have the right global governance arrangements in place? How might accountability be organized at a global level? What ideas for reform are now emerging from the G20, IMF, FSB and the Basel supervisors? What is Europe’s role in this process? Is there consensus in the EU on what is required globally and internally?
Executive Director, National Bank of Belgium; & Chairman,
ECB Banking Supervision Committee
Deputy Director General, DG MARKT,
Deputy Assistant Secretary for International Finance,
US Department of the Treasury
Chief Executive Officer,
Session 2: Re-balancing Risk and Reward
The global financial services industry has arguably made possible much of the economic growth seen over the past 20 years. Do we risk renouncing the benefits of financial innovation in the interests of greater security? What is required to be able to continue to facilitate the financing of investment and to offer investors well diversified security portfolios? What safeguards and changed incentives are needed to avoid abuse in the future and to re-balance financial risk and reward? Have wrong incentives such as low cost of capital created a bloated financial sector? What new incentives would restore its healthy growth? Is moral hazard unavoidable in an era of global institutions? Are distortions to competition due to state aid compromising the level playing field?
Chief Executive Officer,
Committee of European Banking Supervisors (CEBS)
Wolf Klinz MEP,
Chair, Special Committee on the Financial, Economic and Social Crisis,
Deputy Director General, DG COMP,
Chair, Managed Funds Association; & Managing Director,
the D.E. Shaw Group
Public policy leader EU and central cluster of PwC firms,
Commissioner for Internal Market & Services,
Panel Discussion and Q&A with Audience
Lunch Session (by invitation only): Looking Ahead - A New Deal or 'Business as Usual'?
Will there be a brave new world for financial markets and their customers and regulators, or has there been more rhetoric than realism? Both national and global policies are being designed to restore growth and financial stability, but how effective do they look set to be? Are there foreseeable risks and stresses for the financial sector arising from global imbalances? Are financial markets already reverting to excessive risk-taking or can we be confident that the mistakes that led to this financial crisis will not be repeated?
Kreab Gavin Anderson