| Finance Watch: Finance and Society Conference planned on 27 March 2012. |
The number of seats is limited so register early. For details of the programme and logistics, please visit the conference webpage: http://www.finance-watch.org/conference-programme/. For any additional information, please contact us at conference@finance-watch.org. The deadline for registration is 6 March 2012.
Finance and Society Conference 2012
Addressing fragility and effectiveness of the financial system
27 March 2012
GALERIES
26 Galerie de la Reine
1000 Bruxelles
Programme (please note all sessions will be in English)
8.30am Registration opens
8.55am Welcome Thierry Philipponnat, Secretary General of Finance Watch
9am Session 1 (90 mins) The relationship between finance and society
Keynote 1 - Targeting bank subsidies Martin Wolf
Keynote 2 – Banks and society Othmar Karas*
Panel - Regulation and the role of banks in the economy Martin Wolf, Othmar Karas*, Gerald Epstein, Frédéric Oudéa
• The social role of banks and capital markets / The changing relationship between finance and society / Challenges to financial capitalism / Do current regulations help or hinder the finance sector’s economic and social contribution / Good vs bad innovation / Barriers to financial reform
11am Session 2 (90 mins) The impact on society of higher bank capital requirements
Lecture 1 – Capital requirements and deleveraging Andrea Enria
Lecture 2 - Why bank equity is not expensive Anat Admati
Panel - What do higher capital requirements mean for society? Andrea Enria, Anat Admati, Senior asset management executive*
• Impact on growth / Impact on the supply, price and allocation of credit / Impact on taxpayers / How investors view high bank leverage / Pro-cyclical effects / Impact on bank business models and risk taking / Socially optimal capital / Regulatory measures to supplement higher CARs / Lessons for CRD4
12.30 Buffet lunch
2pm Session 3 (90 mins) Regulating for risk and fragility
Lecture 1 - Regulation and Risk Martin Hellwig
Lecture 2 – Risk-based capital requirements James Ferguson
Panel - Is the risk-based approach optimal? What are the side-effects and what are the alternatives? Martin Hellwig, James Ferguson, Charles Haswell, Mario Nava
• Effects on bank behaviour / Regulatory arbitrage / Systemic fragility / Macro-prudential implications / Macro-economic implications / Who should assess risk / Alternative approaches / Transparency for investors / Unintended consequences / Lessons since Basel I / The next Basel accord
4pm Session 4 (90 mins) The governance of international financial regulation
Lecture 1 - What governments are willing to do Ed Kane
Lecture 2 - International regulation and accountability TBC*
Panel - Is financial regulation too complex to be democratically accountable? Ed Kane, TBC*, Dennis Kelleher, Guido Ravoet
• Regulatory accountability / Public and private interests / Lobbying and capture / How to improve accountability / Lessons for Europe from the US
5.30pm Closing keynote address – Michel Barnier
Conclusion and Cocktails
Chatham House rules will apply to panel discussions only. This is a non-commercial event with no delegate or speaker fees. Programme and speakers are subject to change.
Speakers
• Michel Barnier – European Commissioner for Internal Market and Services (DG MARKT)
• Martin Wolf – chief economics commentator and associate editor, Financial Times, member of the UK’s Independent Commission on Banking
• Othmar Karas* – MEP, Vice-Chairman of the EPP Group, ECON Committee, Rapporteur for CRD IV
• Gerald Epstein - Professor of Economics and Co-Director, Political Economy Research Institute, University of Massachusetts
• Frédéric Oudéa – CEO of Société Générale
• Andrea Enria – Chairperson of European Banking Authority
• Anat Admati - George G.C. Parker Professor of Finance and Economics, Stanford Graduate School of Business
• Martin Hellwig – Director, Max Planck Institute for Collective Goods
• James Ferguson – Chief Strategist, Westhouse Securities
• Charles Haswell - Global Head, Financial Sector Policy, HSBC
• Mario Nava – Head of Banking and Financial Conglomerates Unit, DG MARKT, European Commission
• Ed Kane - Professor of Finance at Boston College
• Dennis Kelleher – CEO, Better Markets
• Guido Ravoet - Secretary General, European Banking Federation
* subject to final confirmation
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| ID: |
47906 |
| Publication date: |
16/02/12 |
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Created: 16/02/12. Last changed: 16/02/12.
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