Conference: 'Five years on - What next for the financial reform agenda?'

Date: 7 November 2013
Time: 09:15 - 17:30
Venue: Square, Mont des Arts 1, Brussels

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?

 Keynote speeches

  • 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?

Panel discussion

  • 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

Keynote speech

  • Sheila Bair, Chair, Systemic Risk Council; former FDIC Chair

Short video: 4 reasons why too-big-to-fail banking is wrong by Sheila Bair

Discussion and audience Q&A, moderated by David Shirreff, The Economist


Session 4 - Accountability: Democratising the reform process

Panel discussion

  • 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

Short video: 3 bank lobby myths debunked by Robert Jenkins