Tuesday 7 February, 2017


08:30 – 09:00

Registration and Welcome Coffee

09:00 – 09:40

Opening Keynote Presentations

Moderator: David Reed , Partner, Head of Financial Services Practice, Kreab

09:00 – 09:20

Keynote Presentation

Valdis Dombrovskis , Vice-President and Commissioner for the Euro and Social Dialogue, European Commission

09:20 – 09:40

Keynote Presentation

Ashok Vaswani , CEO, Barclays UK

09:40 – 10:55

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?

Moderator: Stephen Fidler , Brussels Bureau Chief, The Wall Street Journal

José María Roldán , Chairman and CEO, Spanish Banking Association
Mario Nava , Director, Directorate E - Financial system surveillance and crisis management, DG FISMA, European Commission
Marc Antoine Autheman , Chairman, Euroclear
Serge Harry , Chief of Staff to the Group CEO, Chairman of globeSettle, Country Head for France, Benelux and Germany, London Stock Exchange Group

10:55 – 11:25

Morning Coffee

11:25 – 12:50

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?

Moderator: Arlene McCarthy OBE , Special Advisor to the Chairman & Non-Executive Director, Bloomberg

Claudio Costamagna , Chair, Cassa Depositi e Prestiti
Karel Lannoo , Chief Executive, CEPS
Ugo Bassi , Directorate C - Financial markets, DG FISMA, European Commission
Guillaume Eliet , Deputy Secretary General, Regulation Policy and International Affairs Division, Autorité des marchés financiers


13:00 – 15:00

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?

Moderator: Stefano Micossi , Director General, Assonime

Wally Adeyemo , Former Deputy National Security Advisor for International Economics and Deputy Director of the National Economic Council
Jean-Paul Servais , Chairman, FSMA