Conference: 'Five years on - What next for the financial reform agenda?'
Five years after the outburst of the financial crisis, Finance Watch organised debates with high-level experts whether the reforms we have seen so far have gone far enough.
Speakers at this one day conference taking place in Brussels on 7 November included Sheila Bair and Sharon Bowles among others.They discussed various questions: How can finance meet society’s needs in a sustainable way? Have we done enough on bank reform? Or derivatives reform? How can the financial reform process be more democratically accountable? What should be on the EU's financial reform agenda over the next five years?
The executive summary of the conference is available here. Other materials from the day are below.
PROGRAMME (download pdf)
Thierry Philipponnat, Secretary General, Finance Watch
Session 1 – Banking: Mission accomplished?
- Alain Deckers, Head of Unit, Banks and Financial Conglomerates II, DG MARKT
- Adrian Blundell-Wignall, Special Advisor to the Secretary-General on Financial Markets, OECD (presentation slides as pdf)
Discussion moderated by Peter Spiegel, Financial Times
Session 2 - Derivatives: Do we need a $ 700 trillion market?
- Jennifer Robertson, Deputy Head of Unit, Financial Market Infrastructure, DG MARKT
- Richard Raeburn, Chairman, European Association of Corporate Treasurers
- John E. Parsons, Senior Lecturer, Sloan School of Management, MIT
- Thierry Philipponnat, Secretary General, Finance Watch
Discussion moderated by Dennis Kelleher, President and CEO, Better Markets
Session 3 - Purpose: A financial system to serve society
- Sheila Bair, Chair, Systemic Risk Council; former FDIC Chair
Discussion and audience Q&A, moderated by David Shirreff, The Economist
Session 4 - Accountability: Democratising the reform process
- Sharon Bowles, MEP, Chair of the European Parliament’s ECON Committee
- Robert Jenkins, former member of the Bank of England’s Financial Policy Committee
- Professor Walter Mattli, Exective Director, Department of Politics and International Relations, Oxford University (download opening remarks as pdf)
- Simon Lewis, CEO, AFME
Discussion moderated by Robert Kuttner, The American Prospect