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SALZBURG GLOBAL FINANCE FORUM

Past Program

Aug 18 - Aug 20, 2014

The Future of Banking: Is There a Sustainable Business Model for Banks?

Session 546

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.

Speakers

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

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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)