This was the key question discussed at our conference on 23 April 2013 in Brussels, organised together with Confrontations Europe.
Conference Material
- Download written conference summary (pdf)
- Download detailed programme (pdf)
- All conference pictures available on Flickr.
- Finance Watch Animation on Long-term financing (explained by kids) – short version / long version
Introduction by Thierry Philipponnat, Secretary General Finance Watch (File not available)
Keynote lecture by Philippe Maystadt – Honorary President, European Investment Bank (File not available)
Panel: What sort of funding do entrepreneurs, SMEs and public services need today?
Is there an adequate, sufficiently diverse supply of such funding? Does the size and type of business make a difference? Can financial regulation constrain this type of funding? How could incentives be improved? What is the role for public funding?
- Gérard Rameix, President, Autorité des Marchés Financiers
- Miquel Miro, Director, Fundacio Seira
- Gerhard Huemer, Director of Economic Policy, European Association of Craft, Small and Medium-sized Enterprises
- Florian Moritz, Deutscher Gewerkschaftsbund
- Anne-Laure Vannier, CFO, Cleanea
Moderator: Jean-Louis Bancel, President, Crédit Cooperatif Group
Keynote lecture by Olivier Guersent, head of Michel Barnier’s Cabinet
Panel: how can finance help society meet its long-term economic and social challenges?
Why do institutions with a long-term investing profile dedicate only a small portion of their portfolio to long-term investments? What impact could the Green Paper on Long-term Financing have? What dangers must regulators watch out for? What is the role for public funding?
- David Newhouse, Senior Advisor, Financial Public Affairs – EDF
- Claire Roumet , Secretary General – Housing Europe (download slides, pdf)
- M. Nicolas J. Firzli, Managing Director, World Pensions Council (download slides, pdf)
- Christine Berry, ShareAction (formerly FairPensions)
- Prof. Stefano Zambon, University of Ferrara, Chairman of WICI Europe (download slides, pdf)
- Stanislas Dupré, CEO of 2° Investing Initiative (download slides, pdf)
Moderator: Rens Van Tilburg, SOMO
Conclusion by Philippe Herzog (Confrontations Europe)
This conference was organised in cooperation with:
Financial markets are notorious for their short-termism. Small and medium-sized companies (SME) need long-term financing. Long-term savers preparing for their future are not always well served by financial markets either. Investing today seems to involve long chains of intermediaries who are incentivised with short-term pay awards. So how could financial regulation intervene to help SMEs and transform our economic and social infrastructure for the future?
Stanhope Hotel - Rue du Commerce 9, Brussels Finance Watch contact@finance-watch.org aDFdtugMkzeEXUhHCmVG49806
