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SALZBURG GLOBAL FINANCE FORUM

Upcoming Program

Overview

Slowing growth, rising inequality and debt, low interest rates and monetary policy limits create a radically different operating environment for financial services, compounded by climate and demographic change and geopolitical tensions. These systemic risks will have a profound impact on, and be impacted by, the financial sector’s ability to deliver local and global expectations fairly and effectively. 

The Salzburg Global Finance Forum tackles issues critical to financial markets and global economic growth and stability. Its 2020 program will convene the world’s leading bankers, policymakers and regulators to identify options and best practices for a sustainable financial architecture that ensures the sector operates as a global public good to finance sustainable development and innovation, and meet fast-changing needs of the public, shareholders and the economy. 

The financial services sector needs to adjust to urgent imperatives of fairness, inclusion and sustainability while also recognizing its own new characteristics – accelerating dynamics of technology and interconnectedness, changing market structures, and competitive disruption, including the entrance of technology companies. The 2020s mark a pivotal decade to redefine the role of finance as a global public good, recognizing that these cumulative pressures will require policy reforms and radical institutional and technological innovations.

The 10th annual program of the Salzburg Global Finance Forum will explore evolving and new dimensions of finance, from data and technology to climate change and sustainability, aging societies, declining growth, and protectionism. It will foster dialogue between industry, innovators and policymakers on redrawing public-private boundaries in policymaking and launching strategies to fulfill new societal imperatives for fair and resilient financial systems. 

PARTICIPANT PROFILE

Meeting as a community of peers, the Salzburg Global Finance Forum brings together senior leaders, rising specialists and disruptive innovators from:

  • Financial services firms wrestling with technology-driven transformations, changing market structures, and a new competitive landscape marked by the growth of technology companies, as well as changing expectations about the role of financial services in society and the trust placed it in by consumers. 
  • Regulators and policymakers trying to find the right balance between increased systemic safety and the imperatives of financing growth and innovation, all while facing a shift toward greater regionalization and protectionism.
  • Consultancy and law firms serving as advisors to all parties in understanding the practical implications of different regulatory approaches in different jurisdictions, and who can benefit from interact with both practitioners and regulators to explore new strategies to finance growth and fairness in a radically changing world.

KEY QUESTIONS

Participants will address policy priorities, key obstacles, and practical implementation pathways, focusing on the following questions:

  • What do the public and businesses expect from financial services now and what and on which conditions can financial services deliver? 
  • Is the new competitive environment going to deliver the social goods in established and emerging economies? 
  • Is the distribution of risks and rewards between different players balanced fairly? How can the industry become a vehicle for sustainable and inclusive growth? 
  • What else is needed to strengthen the public good aspects of finance?
  • What is the future role of standards and regulations? 
  • Is there enough resilience in financial services in this evolving environment? 
  • What kind of institutional innovations and reforms are needed?

PROGRAM FORMAT

The intensive two-day session included panel-led discussions, in-depth working groups, and an Oxford-style evening debate. This highly-interactive session takes place in a retreat-like setting of Schloss Leopoldskron, which facilitates trust, networking, and in-depth conversations. Small group discussions allow intense explorations of specific aspects of the general themes before returning to the plenary to refine conclusions. 

PROGRAM GOALS

  • Facilitate discussion about the evolving role of finance in society
  • Discuss how the financial industry can deliver its role as a public good while balancing different needs and demands
  • Explore specific areas of policy actions and frameworks for public-private sector collaboration

An executive summary report will be published within two weeks of the program.