Home » Calendar » 2010 - 2019 » 2014 » Session 546
The Future of Banking: Is There a Sustainable Business Model for Banks? 18 Aug - 20 Aug, 2014
JUSTICEThe Future of Banking: Is There a Sustainable Business Model for Banks? 18 Aug - 20 Aug, 2014

    Abstract

    The global economic crisis has turned a harsh spotlight on the role, accountability and transparency of banks and their leadership. In the outside world, public confidence and support is at an all-time low with far-reaching questions about the social utility of banks. On the inside, banks face complex challenges as they adapt to new regulatory environments and seek new ways to function as a profitable motor for the economy.

    In this radically different operating landscape, the drive to rethink conventional business models is gathering momentum. This is further accelerated by big data, integrated analytics and new technologies that are transforming how banks and financial services go to market. Innovative renewal is needed if banks are to retain their central place in the payment system.

    This session will bring stakeholders from different sectors together to identify options and best practices for a sustainable financial architecture that meets the needs of the economy, shareholders, entrepreneurs and the public. Its target audience will include:

    Financial services firms wrestling with how to develop a new business model in a low interest rate and high capital requirements environment (often coupled with substantial legacy asset problems). Firms will have the chance to explain their situation more clearly to regulators and learn more about the strategies being pursued by their peers and those recommended by the leading consultants.

    Regulators trying to find the right balance between increased systemic safety and the real economy's need for financial services at affordable prices. Regulators will have the opportunity to learn more about the problems the firms they regulate are facing, and to understand the practical implications of different regulatory approaches in different jurisdiction.

    Consultancy firms, who will have the chance to interact with both practitioners and regulators and to explain and test out their cutting edge strategies.

    The program has the flexibility to be extended into a multi-year series, creating a collaborative platform to identify and address emerging issues.

    For more information please contact Clare Shine at cshine@salzburgglobal.org.

    Chair

    CHAIR
    Andreas Dombret
    Member of the Executive Board, Deutsche Bundesbank, Frankfurt am Main

    Speakers

    SPEAKERS
    Roger Ferguson
    President and Chief Executive Officer, TIAA-CREF, New York
    SPEAKERS
    Cyrus Ardalan
    Chairman, OakNorth; former Vice Chairman and Head of UK and EU Government Relations and Public Policy, Barclays, London
    SPEAKERS
    Sharon Bowles
    Chair, European Parliament's Economic and Monetary Affairs Committee, Brussels
    SPEAKERS
    Fabrizio Campelli
    Global Head of Group Strategy & Member of the Group Executive Committee, Deutsche Bank AG, Frankfurt
    SPEAKERS
    Dominic Crawley
    Senior Managing Director, Global Head of Financial Services Ratings, Standard & Poor's, London
    SPEAKERS
    Douglas Flint
    Group Chairman, HSBC Bank Plc, London
    SPEAKERS
    Edward Greene
    Senior Counsel, Cleary Gottlieb Steen & Hamilton, New York
    SPEAKERS
    Philipp Haerle
    Director, McKinsey & Co., London
    SPEAKERS
    Joyce Hansen
    Deputy General Counsel and Senior Vice President, Federal Reserve Bank of New York, New York
    SPEAKERS
    Levin Holle
    Head of Financial Markets Policy Department, Federal Ministry of Finance, Berlin
    SPEAKERS
    Tom Huertas
    Partner, Ernst & Young, London
    SPEAKERS
    Andreas Ittner
    Deputy Governor, Austrian National Bank, Vienna
    SPEAKERS
    Heather Russell
    Partner, Buckley Sandler LLP, New York, NY
    SPEAKERS
    Masamichi Kono
    Vice Commissioner for International Affairs, Financial Services Agency, The Japanese Government, Tokyo (invited)
    SPEAKERS
    Michael Krimminger
    Partner, Cleary Gottlieb Steen & Hamilton LLP, Washington DC
    SPEAKERS
    Sylvie Matherat
    Chief Regulatory Officer, Member of the Management Board, Deutsche Bank AG, Frankfurt
    SPEAKERS
    Wim Mijs
    Chief Executive, European Banking Federation, Brussels
    SPEAKERS
    Randal Quarles
    Managing Director, The Cynosure Group, Salt Lake City, UT
    SPEAKERS
    Charles Roxburgh
    Director-General, Financial Services, HM Treasury, London
    SPEAKERS
    Nick Studer
    Global Managing Partner, Financial Services Practice Group, Oliver Wyman, Zurich
    SPEAKERS
    Margaret Tahyar
    Partner, Davis Polk & Wardwell, New York, NY
    SPEAKERS
    Dominik Treeck
    Partner, Oliver Wyman, London
    SPEAKERS
    Paul Tucker
    Senior Fellow, Mossavar-Rahmani Center for Business and Government, Harvard Kennedy School; former Deputy Governor, Bank of England
    SPEAKERS
    Jukka Vesala
    Head, Directorate General Micro-Prudential Supervision III, European Central Bank, Frankfurt

    Videos

    European Banks Call for Legal Certainty on Fines

    Incoming European Banking Federation Head Wim Mijs talks about achieving "legal certainty" over the size of fines handed down to lenders for breaking rules. He speaks from Salzburg, Austria, with Jonathan Ferro on Bloomberg Television's "On the Move." Mijs is current director of the Dutch Banking Association and will head the Brussels-based EBF from next month. (Source: Bloomberg)

    HSBC Quadrupled Compliance Department in Four Years

    HSBC Holdings Plc Chairman Douglas Flint talks about the increase in compliance costs at the bank over the last four years. He speaks from Salzburg, Austria, with Jonathan Ferro on Bloomberg Television's "The Pulse." (Source: Bloomberg)

    Dombret Says “Reform Fatigue” One of Biggest Risks

    Bundesbank board member Andreas Dombret talks about European Central Bank stress tests and risks to financial stability in the euro area. He spoke yesterday in Salzburg, Austria, with Jonathan Ferro on Bloomberg Television's "The Pulse." (Source: Bloomberg)

    Ex-Bank of England’s Tucker: Bank Rules, ECB, BOE and Mortgages

    Former Bank of England Deputy Governor Paul Tucker talks about lessons learned from the collapse of Portugal's Banco Espirito Santo, European Union banking regulation and European Central Bank policy on banks and asset-backed securities. Tucker, speaking with Bloomberg's Boris Groendahl in Salzburg, also discusses the future of London as a financial center and the impact of Bank of England policy on the UK mortgage market. (Source: Bloomberg)