What kind of Future for Finance?
Date: Wednesday 30 June 10 - 02:00 pm to 03:15 pm
Type: Interactive sessions
The crisis was caused by risky banking, bad management and failed supervision. Governments are drawing up the policies to reign in any future excessive risk-taking in the private as well as the public sector. Banks might have to deal with stricter capital requirements (Basel II), ‘stress tests’, capital transaction levies and bonus and compensation restrictions. How will this affect their ability to lend to the real economy? Also European governments might have to align their economic policies, or organise stronger eurobonds or even a European Monetary Fund. But are member states willing to give up some of their powers? The ‘de Larosière’ report, calling for EU-wide financial supervision, already seemed a bridge too far for national authorities. Also, it took the EU awfully long to respond to the Greek debt crisis. How will the EU get its act together on sustainable finance?
Please click here to find the Briefing Note of this session!
Moderator
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Ben Moshinsky
Journalist, Bloomberg
Speakers
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Jan Hommen
CEO, ING
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Richard Gnodde
Co-Chief Executive Officer, Goldman Sachs
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Sharon Bowles
President Committee on Economic and Monetary Affairs
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Uli W. Fricke
Chairwoman, EVCA