Agenda

Morning

08:30 – 09:00

Registration

09:00 – 09:40

Keynote Addresses

Moderator: Stefano Micossi, Director General, Assonime

Antony Jenkins, CEO, Barclays
Michel Barnier, EU Commissioner for Internal Market & Services

09:40 – 11:00

Session 1: New banking models and rules: greater stability in sight?

The role of banks is changing, and so too is what the public and policy-makers expect of them. Are governments interfering too much in or too close to their national banking industries? How would the Banking Union change Europe’s banks and will the Single Supervisory Mechanism and the Single Resolution Mechanism and Authority (together with ESAs, ESRB and ECB) be able to ensure a coherent EU-wide supervisory architecture? Or will we instead see banking markets fragmenting through distrust between national supervisors and the absence of any European fiscal backstop? Is confidence in European banks recovering? How much is this a matter for action by regulators and policy-makers, and how much for action by the banking industry itself? Are over-regulation, high capital requirements, and lower returns on equity real obstacles to investment led growth, with banks playing a full role in economic recovery?

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

09:40 – 11:00

Panel Discussion

Elisa Ferreira, Member, European Parliament
Edouard Fernandez-Bollo, Secretary General, French Autorité de contrôle prudentiel, Banque de France
Koos Timmermans, Vice-Chair, ING Bank
Cyrus Ardalan, Vice Chairman, Head of Government Relations and Public Policy, Barclays
Marcin Kawiński, Member, Financial Services User Group

11:00 – 11:30

Morning Coffee

11:30 – 13:00

Session 2: Growth and Financial Services: Serving the needs of society?

The question is no longer whether financial markets work efficiently and fairly, but whether they serve the needs of society. Europe’s financial markets are still bank dominated, yet there is also a growing focus on alternative sources of finance. Do we in Europe have the right mix of funding and how level is the playing field? The IMF, EU, and OECD are all promoting debate of new ideas to encourage longterm investment. Each EU Member State has its own approach to longterm infrastructure needs, so how should the EU tailor its strategy to meet the very different financing needs of SMEs? To what degree should it be the role of policy makers to challenge or change investment decisions? Should we see this as a politically driven attempt to force financial institutions and investors to support governments’ economic objectives, or as an innovative approach to promoting new horizons for the investment community?

Moderator:
Wolf Klinz, Member, European Parliament

11:30 – 11:40

Keynote Presentation

Vítor Constâncio, Vice-President, European Central Bank

11:40 – 13:00

Panel Discussion

Vítor Constâncio, Vice-President, European Central Bank
Gerassimos Thomas, Director Finance, coordination with EIB group (including EIF), EBRD and IFIs, DG ECFIN, European Commission
Francesco Papadia, Chairman of the Board, Prime Collateralised Securities and former Director General for Market Operations, European Central Bank
Lutz-Christian Funke, Senior Vice-President, Managing Affairs and Communication, KfW Bankengruppe
Daniel Godfrey, Chief Executive, Investment Management Association

Afternoon

13:00 – 15:00

Lunch Session (Invitation Only): International Financial Markets and the Transatlantic Opportunity

There are concerns that divergent regulations and supervisory caution about access to collateral in a crisis are leading progressively to a balkanization of financial markets. At the same time, the Transatlantic Trade and Investment Partnership (TTIP) free trade negotiations between the EU and the U.S. have seen EU proposals for further frameworks for prudential cooperation. What is the best way to exploit the economic potential of EU/U.S. market integration, including in financial services? Is it feasible in the current political climate to advance regulatory convergence and apply mutual recognition, equivalence, substituted compliance and similar approaches while pushing back against market fragmentation? What are the implications of closer transatlantic integration for other global markets? Will Europe and the U.S. lead the way or are they forming a bloc that will provoke others to do the same? What does this mean for EU-Asia collaboration? What are the implications for economic growth in developed economies?

Moderator: John Houston, Senior Partner, Kreab Gavin Anderson

13:00 – 15:00

Discussion Session including remarks from:

Chris Brummer, Georgetown University, C. Boyden Gray Fellow on Global Growth and Finance at the Atlantic Council
Verena Ross, Executive Director, ESMA
Roger Hollingsworth, Executive Vice President and Managing Director, Global Government Affairs, Managed Funds Association
Wolf Klinz, Member, European Parliament