The Future of Banking - Is There a Sustainable Business Model For Banks?




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Aug 06, 2014
by Max Proksch
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The Future of Banking - Is There a Sustainable Business Model For Banks?

Industry leaders and top young professionals come together in Salzburg to identify options and best practices for a sustainable banking architecture. The session "The Future of Banking: Is There a Sustainable Business Model for Banks?" runs 18 to 20 August

The world of banking is changing. Since the global economic crisis, a harsh spotlight has been set on the role, accountability and transparency of banks and their leadership, reducing public confidence and support to an all-time low.

On the inside, banks face complex challenges as they adapt to new regulatory environments and seek new ways to function as profitable motor for the economy. One thing is clear: Innovative renewal is needed if banks are to retain their central place in the payment system.

On August 18, 2014, Salzburg Global Seminar will convene it fourth annual meeting of the Salzburg Global Forum on Finance in a Changing World to discuss the new and ongoing challenges facing the financial sector.

The session has been entitled "The Future of Banking: Is There a Sustainable Business Model for Banks?"

55 bankers, regulators, managers and finance experts are expected to attend the event, hosted at Schloss Leopoldskron, home of Salzburg Global Seminar. There, associates of financial services firms, regulators and consultancy firms will have the chance to explain their situation, learn more about the problems faced by the other sectors and offer their solutions.

The three-day session will follow on from the third meeting – “Out of the Shadows: Regulation of the Non-Banking Financial Sector” – by discussing the challenges of shadow banking, the competitiveness of the capital market, and the implications of new technology such as big data and integrated analytics on business sustainability.

In addition, working groups will identify the substitutes to bank lending, the real obstacles to sustainability and focus on relationships between supervisors and management in terms of governance and risk management.

The meeting will be chaired by returning Salzburg Global Fellow Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank AG.

The heavy focus on interactive interview panels and plenary discussions allow a wide range of faculty speakers to express their options and best practices. Industry leaders such as Cyrus Ardalan (Barclays), Dominic Crawley (Standard & Poor's), Tom Huertas (Ernst & Young), and returning Fellows Douglas Flint (HSBC), Sharon Bowles (ECON), and Edward Greene (Cleary Gottlieb Steen & Hamilton) as well as young top professionals and participants will be able to engage actively and debate sustainability concerns.

This session is the fourth in Salzburg Forum on Finance in Changing World, which was launched in 2011 with the session “New Rules for Global Finance: Which kinds of regulation are useful and which are counterproductive?” and continued in 2012 with “Financial Regulation: Bridging Global Differences”.

The fourth session of Salzburg Global Forum on Finance in a Changing World is supported by our main partners, HSBC, Ernst & Young and Oliver Wyman alongside our sponsor Oesterreichische Nationalbank and co-sponsors BNY Mellon, Byron Boston, Cleary Gottlieb, The Cynosure Group and Davis Polk. For more information, please see the session webpage: and follow the daily discussions on Twitter via the hashtag #SGSfinance