Agenda

08:30 – 09:00

Registration of participants and welcome coffee

Moderator: John Houston , Senior Partner, Kreab Gavin Anderson

09:00 – 09:10

Introductory Remarks

Pedro Solbes Míra , Former European Commissioner for Monetary Affairs & Spanish Minister of Economy and Finance, (Currently a Senior Advisor to Barclays)

09:10 – 09:30

Keynote Address

Michel Barnier , Commissioner for Internal Market & Services, European Commission

09:30 – 11:00

Session 1: EU Banking Union and the Single Financial Market

The eurozone’s debt crisis has forced recognition that the European Monetary Union (EMU) requires closer fiscal, economic and financial markets integration, but leaves open the question of its impact on non-eurozone EU states. It is also far from clear how this new era of closer integration will affect the single financial market. Which EU states will opt to be part of the Banking Union, and does this make a 2-speed European financial market inevitable? Other major questions include how resolution, deposit guarantees and pan-European supervision will work in practice in a Banking Union, whether European Supervisory Authorities (ESAs), the European Systemic Risk Board (ESRB) and the European Central Bank (ECB) will have the necessary authority to fulfil the role of Europe-wide supervisors and whether the European Stability Mechanism’s (ESM) new bank recapitalization role will have a significant impact on state aid rules. Has the sovereign/ banking link been adequately addressed, has the EU now got the right strategic mix for stability and growth to underpin a banking union, and what is the role of long-term investment in making European markets more competitive?

Moderator:
Jeremy Anderson, CBE , Chairman, Global Financial Services, KPMG

09:30 – 09:40

Opening Keynote Presentation

Vitor Constâncio , Vice-President, European Central Bank

09:40 – 11:00

Panel Discussion

Nadia Calviño , Deputy Director General, DG Internal Market & Services, European Commission
Matthew Elderfield , Head of Financial Regulation, Central Bank of Ireland
Koos Timmermans , Vice-Chair, ING Bank
Darcy Bradbury , Managing Director, D. E. Shaw Group

11:00 – 11:30

Coffee Break

11:30 – 13:00

Session 2: Restoring Consumer Confidence

Is enough attention being paid in the reform agenda to consumers? How important is it to financial market stability that retail customers in Europe and citizens in general should trust the system, and to what extent have the crises and scandals of late changed consumer behaviour? Are the structural reforms now on the table capable of redressing public concerns? Is the financial services industry’s business culture being affected by social and political pressures, and how effectively are European retail financial services initiatives addressing level playing field questions that are needed to reassure retail investors? Is the broader reform package likely to reassure consumers that their interests are going to be better protected in future with better behaviour expected from suppliers? Looking at the broader picture, are the right checks and balances now in place to prevent abuses? Is more action needed on shadow banking issues to secure transparency, extend regulatory reach and limit off-balance sheet practices?

Moderator:
Pierre Francotte , Professor, Solvay Brussels School of Economics and Management and Former CEO, Euroclear, (Currently a Senior Advisor to Kreab Gavin Anderson)

11:30 – 13:00

Panel Discussion

Paola Testori-Coggi , Director General, Directorate-General for Health and Consumers, European Commission
John Kay , Visiting Professor of Economics, London School of Economics
Sven Giegold MEP , Member, ECON Committee, European Parliament
Curt Hess , CEO of Europe Retail and Business Banking, Barclays
David Wright , Secretary General, International Organization of Securities Commissions

13:00 – 15:00

Lunch Session: Regional Integration and Global Markets: Regulatory divergences and mutual trust (by invitation only)

The G20 set the agenda back in 2009, but have all the group’s member states now delivered? International dialogues both across the Atlantic certainly and with Asian partners have intensified dramatically, but has mutual trust now been adequately established? Do regulators and politicians share their concerns and intentions enough to create a genuine climate of confidence? Has the ‘equivalence’ approach served a useful purpose, or does it instead risk creating obstacles to global trade? Are the latest moves towards a Banking Union in Europe affecting international attitudes to financial markets in the EU? Do the structural change proposals advanced by such figures as John Vickers, Paul Volcker and Erkki Liikanen represent a new divergence in banking regulation, and how can these proposals be reconciled?

Chaired by:
Stefano Micossi , Director General, Assonime

13:15 – 13:25

Keynote Address

Erkki Liikanen , Governor, Bank of Finland; Chairman, High level expert group on reforming the structure of the EU banking sector

13:50 – 13:55

A Global Perspective

MP Azevedo , Deputy Director, Office of Complex Financial Institutions (OCFI), US Federal Deposit Insurance Corporation (FDIC)