Can the world financial system be reformed?
Wednesday 24 April 2013
2.30 pm Arrival and registration of participants
3.30 pm Opening ceremony
5.00 pm Round table discussion on the theme set by ECOSOC: "Science, technology and innovation and the potential of culture to promote sustainable development and the achievement of MDGs"
Moderator:
- Hanifa D. Mezoui, Ph.D, Permanent representative at the United Nations and ECOSOC, International Association of Economic and Social Councils and Similar Institutions (AICESIS), member of the CIFA executive committee
Speakers:
- Chairman of ECOSOC
- Jean Ping, Former Chairman of the African Union, President of the 59th session of the UN General Assembly, former chairman of OPEC
- Maître François Loriot, President of the Bar Association for intergovernmental organisations and Vice-President of AIFOMD (UN-MDG training)
- Prof. William K. Black, criminologist specialised in white-collar crime and former financial controller, Visiting Professor of Economics and Law, University of Missouri, Kansas City, USA
6.00 pm Close of first day
7.00 pm Cocktails: "In pursuit of meaning, business spirituality crisis"
Speaker:
- Friar Marie Pâques, Lérins Abbey
Thursday 25 April 2013
8.00 am Arrival and registration of participants
8.45 am Opening address by the session chairperson
9.00 am Round table discussion 1: Saving the world financial system: who is going to pay?
- Diagnosis of the monetary system malfunctions
- Who benefits and who suffers from the current system?
- Can the dollar retain its reserve currency role, following the massive creation of liquidity?
- What are the consequences of the use of currencies other than the dollar for trade in raw materials (petro-roubles/yen)?
- Who is going to pay? What will the future world monetary benchmark be?
- Which reforms are under consideration at present (IMF etc.)?
- Plan for a new BRICS development bank for infrastructure projects: the consequences?
Speakers:
- Lenore Elle Hawkins, MBA, Associate, Meritas Advisors, San Diego, USA
- Luca Fantacci, co-author of “The End of Finance”
- Daniel Mitchell, Senior Fellow, Cato Institute, Washington, USA
10.00 am Coffee Break
10.30 am Round table discussion 2: Has regulation of financial players solved the problems after the 2008 financial crisis, or has it created new problems?
- The reforms in the USA: has Wall Street really changed since the financial crisis? What is the assessment of the “Dodd–Frank Wall Street Reform and Consumer Protection Act” law of 2010 following the subprime crisis? What about the Merkley-Levin amendment (Volcker law) aimed at limiting speculative investments by banks (ban on proprietary trading)?
- Basle III: assessment and impact
- The reform of the European banking system: what is the strategy of the European Commissioner for Internal Market and Services?
- Consequences of the Liikanen report on the separation of banking activities: How can we isolate risky banking activities and protect private individuals’ deposits?
- Financial transactions tax: what are the future reforms? What is the implementation agenda?
- What issues does shadow banking pose against ‘traditional’ finance: are we heading for a European Glass Steagall Act?
- Computer generated transactions: what dangers and systemic risk do they create?
Speakers:
- Anthony Saunders, John M. Schiff Professor of Finance, Leonard N. Stern School of Business, New York University, New York, USA
- Louise C. Bennetts, Assistant Director of financial regulation studies, Cato Institute, Washington DC, USA
11.30 am Round table discussion 3: Supervision of European banks: are we heading towards a European SEC?
- Implications for industry players, advantages, drawbacks
- What role for the ECB (monetary independence or banking regulation)?
- Who will survive the reform? Who will disappear?
Speaker:
- Michel Dietsch, Professor at Solvay Business School in Brussels, Belgium
12.30 pm Lunch and networking
2.00 pm The distinctive features of Luxembourg life insurance
Luxembourg for Finance
3.00 pm Coffee Break
3.30 pm Round table discussion 4: What are the negative effects of banking regulation on banks’ ability to lend to the private sector? What are the consequences of the Basle III demands? Overview of alternative banking instruments not subject to liquidity problems.
- How could regulation overcome the dilemma between strengthening banks and ensuring adequate loans for businesses?
- Is it possible to promote banking systems which are more effective at financing economic activities and less dependent on liquidity?
- Could alternative forms of finance, such as local currency, compensation systems and aid to strengthen commercial ability, reduce banks’ demand for liquidity without reducing loans for businesses?
Speakers:
- Massimo Amato, Visiting Professor, Department of Public Administration and Policy Analysis, Bocconi University, Milan, Italy
- Steve Young, Executive Director, Caux Round Table, Saint Paul, USA
4.30 pm Round table discussion 5: TOMORROW’S CIFA
Moderator:
- Jean-Pierre Diserens, CIFA Secretary General, Geneva, Switzerland
Speakers:
- Members of the CIFA Executive and Advisory Committee
5.30 pm Parallel workshops
Monaco: does setting up there make sense?
- CDE (Monaco Chamber of Economic Development)
Societal and economic perspectives of longer life and Alzheimer’s diseases. The perspectives of scientific research.
- ICM (The Brain and Spinal Cord Institute)
- AMPA (Monaco Association for Alzheimer’s Disease Research)
6.30 pm Close of second day
8.00 pm Sponsors’ dinner at the Hôtel de Paris, by invitation (formal dress suggested)
Friday 26 April 2013
9.45 am Arrival and registration of participants
10.15 am Opening address by the session chairperson
10.30 am Workshops organised by attending member associations
Chairman: Vincent Derudder, Chairman, FECIF, Brussels, Belgium
Vice-Chairman: David Charlet, Chairman, A.NA.CO.FI, Paris, France
Ponzi system and pyramidal fraud: analysis of fraud mechanisms and detection
Speaker:
Gilles Duteil, Director of CETFI, Paul Cézanne University, Aix-en-Provence, France
FECIF - SAIFA
ANACOFI
European financial regulation reforms: a risk for our professions?
FPA
Transition towards full financial planning starting from another field
Define your financial planning value proposal and fix the price of your services
The role of the financial planner – set up relationships and create trust with clients
BZB
Collective financing and computerization of banking applications (mobile banking services), the future of financial services (Intuit 2020 Report in the United States => new technologies such as online banks, mobile banking services, new applications etc.)
12.30 pm Close of the Forum
CIFA - Convention of Independent Financial Advisors
www.cifango.org
