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XVth International CIFA Forum
Tuesday 30th of May 2017

 

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XVth International CIFA Forum
May 30th - June 1st 2017, Monaco

 

 

 

 

 


 

OUTSIDERS IN POWER:

 

WILL THEY TEAR DOWN THE EXISTING MODEL?

 

WHAT NEW MODEL DO THEY PROPOSE?

Tuesday, May 30

 

14:30 Official opening ceremony by Jean-Pierre Diserens, Secretary-General of CIFA

 

14:35  Welcome address by Pierre Christodoulidis, President of CIFA

 

14:50  Keynote Speakers:

H.E. Mr. Horacio Sevilla Borja, Permanent Representative of ECUADOR to the United Nations and CHAIR of the Group of 77

H.E. Mr. Nassir Abdulaziz Al-Nasser, UNAOC High Representative, United Nations

 

 

15:10  ECOSOC DIALOGUE

Implementing the 2030 Development Agenda: Eradicating Poverty and Promoting Prosperity in a Changing World

 

Moderated by: Hanifa D. Mezoui, PHD, Senior Advisor Humanitarian Affairs and Civil Society, United Nations Alliance of Civilizations (UNAOC)

 

Invited Speakers:

Daniela Bas, Director, Division of Social Policy and Development, Department of Social and Economic and Social Affairs (DESA)

Navid Hanif, Director, Office for ECOSOC Support and Coordination, Department of Economic and Social Affairs (DESA)

Chantal Line Carpentier, Chief, UNCTAD New York Office, Office of the secretary General

Louise Kantrow, International Chamber of Commerce (ICC), Permanent Representative to the United Nations

Mourad Ahmia, Executive Secretary, Group 77

Fabienne Guien, Secretary General, Economic and Social Council, Principality of Monaco

Dr. Deisi Weber Kusztra, President,  World Family Organization

Michael Adlerstein, FAIA, Assistant Secretary General, United Nations

International School

Me François Loriot, President, Bar Association for Inter-Governmental Organizations

Reda Mezoui, Docteur d’Etat en Sciences politiques Paris I - Sorbonne, Directeur de Laboratoire de Recherches «Etudes et Analyses des Politiques Publiques» Université d’Alger

 

16:45  Coffee Break

 

17:00  Fondation Ethique et  Economie, Académie des sciences morales et politiques, Paris:  For an ethical renewal of the free-market economy

 

Moderated by: Bertrand Collomb, Member of the Academy, Honorary Chairman of Lafarge

 

Invited Speakers:

Bernard Esambert, Former Economic Adviser of President Pompidou, Former CEO of Banque Edmond de Rotschild

Edmond Lisle, Economist, Emeritus Social Sciences Director, CNRS, Chairman of Fraternité d’Abraham

André Babeau, Professor Emeritus in Economics, Université Paris-Dauphine

Jean-Claude Leconte, Chairman of the working group ‘Ethics in Finance’

 

 

19:00  End of the first day

 

19:30  Dining Cocktails

 


Wednesday, May 31

 

9:00  Welcome address by the Chairperson for the Day

Afaf Konja, Communication Specialist: Media and Public Relations

 

9:30 THEME 1:  OUTSIDERS AND THE ECONOMY

  • What economic policies can be implemented to re-integrate the growing number of middle-class workers left aside? What economic policies could provide and restore a new social cohesion?
  • The multilateral economic order and, therefore, the role of International Organizations (BIS, WTO and others) is at stake due to the Trump administration; and BREXIT is complicating the international dynamics in Europe: The role of the current and future international institutional architecture - and the implications for short-term and medium stability in the real and monetary sphere.
  • Supra-national organizations versus sovereign economic goals? Which model would prevail?
  • New protectionist and interventionist economic policies: can they succeed in a globalized economy?
  • What future for the orthodox economic model of the Eurozone facing the challenge of outsiders?
  • Are outsiders able to change the world economic order? Could outsiders, as new players, solve the old problems: unemployment, poverty, indebtedness, insolvency of pensions systems?
  • Can outsiders succeed against globalization or with/in globalization?
  • Keynesians, economic nationalists, populists, etc. Who are the outsiders?
  • Is it possible to reduce the damages of globalization without losing the benefits of globalization?
  • Is it possible to respond to outsiders’ demands without stopping world economic growth?

 

Confirmed Moderator: 

Michel Girardin, Lecturer in Macro-Finance, Geneva School of Economics and Management (GSEM), Switzerland

 

Confirmed Speakers:

Joe Oliver, Canadian politician and former Minister of Natural Resources (2011) and former Minister of Finance (2014)

Paul J. J. Welfens (EIIW), President of the European Institute for International Economic Relations

Dr. Christopher Smart, Harvard Kennedy School, former Special Assistant to the US President for International Economics, Trade and Investment

 

10:30  Coffee Break

 

11:00  THEME 2:  OUTSIDERS AND THE WORLD OF FINANCE

  • Should/could the international monetary system be reformed to restore financial trust?
  • Did cataclysmic regulation help to reign in speculative excesses and financialization of the economy?
  • In the New World Order, what future for the Onshore v/s Offshore IFCs?
  • Outsiders and the financial system: confrontation, collaboration or absorption?
  • Is President Trump friend or enemy of “finance”?
  • After the outsiders` electoral victory, did “Wall Street” lose its power?

 

Confirmed Moderator:  Pierre Bessard, President and Member of the Board of Trustees of the Liberal Institute, Geneva and Zurich, Switzerland

 

Confirmed Speakers:

William K. Black, Member of the Advisory Board, Associate Professor of Economics and Law, University of Missouri, Kansas City, USA

Miranda Goeltom, Former Governor of the Indonesian Central Bank

Iain Stewart-Linnhe, Global Regulatory Policy & Capital Markets Specialist, Hon. Lecturer, Law Faculty, University of Liverpool

 

Invited Speakers:

Paul S. Atkins, CEO of Patomak Global Partners LLC, former commissioner of the U.S. Securities and Exchange Commission (SEC) from 2002 to 2008

 

12:30  Networking Lunch

 

14:00 THEME 3:  OUTSIDERS AND DEMOCRACY

  • Are left-aside and outsiders the last chance of democracy?
  • Is debt compatible with the democratic structures?
  • Innovation, globalization and mass work destruction. Is there a possible solution to harmonize such contradictory/conflictual trends?
  • Who are the outsiders: conservatives or revolutionaries?
    • Trump victory, Brexit referendum
    • Strong or weak State?
    • Citizens and the State
  • Outsiders: economic project or rather a truly political project?
  • Trump victory, Brexit referendum victory: were political motivations-rejection of the elites, rejection of “Washington”, rejection of immigration in the UK — more important than economic motivations/rationality for voters?
  • Outsiders and the State: are they in favor of a strong State or of a weak/limited State?
  • Citizens and the State according to the Outsiders: do citizens have economic rights and, as a consequence, does the State have duties (provide jobs, ressources, health protection…)?
  • Do Outsiders want to save the (economic and financial) “system” or do they want to change it?
  • Who are the Outsiders’ enemies: “finance”, bureaucracies, media?

 

 

Confirmed Moderator: 

William K. Black, Member of the Advisory Board, Associate Professor of Economics and Law, University of Missouri, Kansas City, USA

 

Confirmed Speakers:

Stephen B. Young, Global Executive Director, Caux Round Table, St. Paul, Minnesota, USA

Henry Olsen, Senior Fellow at the Ethics and Public Policy Center, Washington, DC

Roger Nightingale, Economist, RDN Associates Ltd, London

 

15:30  Coffee Break

 

16:00  THEME 4:  OUTSIDERS AND WORLD POLITICS

  • Which political world model would prevail after the recent elections: multi-polar or uni-polar?
  • How to reconcile free trade, reduction of state interference, healthy economic growth and employment with globalization dynamics?
  • Can the first capitalist world power — USA — change the rules of the game that it imposed 40 years ago: free trade, liberalism, balanced budgets? Can the US reject globalization and the problems it created (delocalization of jobs, trade deficit…) now that globalization is turning against the US economy after having benefited of globalization for decades? How could China, EU, Japan, Mexico… react?

 

Confirmed Moderator:  Daniel Mitchell, Senior Fellow, Cato Institute, Washington, USA

 

Confirmed Speakers:

François Garçon, Maître de Conférences, University of Paris Sorbonne I

Jose Maria Gil-Robles, Former President of the EU Parliament (1997-1999)

Dr. Christopher Smart, Harvard Kennedy School, former Special Assistant to the US President for International Economics, Trade and Investment

 

17:30  Message from AMAF - Monaco

Hervé Ordioni, President-Committee for Promotion of Monaco as    Financial Center, Monaco Association for Financial Activities, Monaco

 

18:30  End of the second day

20:00  Patrons’ Dinner at the Hotel Hermitage by invitation only

(Black tie suggested)

 


Thursday, June 1 -  Associations’ Day

 

 

09:30  Welcome Address from the Chairmen of the Day

                Introducing the Knowledge Café

 

Zoltan Luttenberger PhD

Tony Mahabir, MBA CMC, CFP, CIM, CEO Canfin Financial Group, Director of the Canadian Institute of Financial Planning

Leong Sze Hian, Past President of the Society of Financial Service Professionals in Singapore, Chairman of the Singapore Professional Centre (umbrella body for professional associations) and President of Maruah (human rights NGO)

 

09:45  Bringing Financial Advice to the Next Level

 

09:45  Navigating troubled waters: Financial Advisors’ role in contemporary times

  • Changing relationship between clients and advisors arising from developing technology/Robo Advice?
  • The Modern Wealth Manager – seismic shift from Individual players to Institutional Players to Robo-Advisors
  • Global trends in estate planning and talent retention

 

Introduced and Moderated by: 

Richard Crotty FMII MIITD QFA AA, Expectation Management Expert, Ireland

Dr. Massimo Scolari, President of ASCOSIM, Italy

 

Confirmed Speakers:

Pak TRI, President FPSB Indonesia

Pak Muliaman D. Hadad, Ph.D, Chairman Indonesia Financial Services Authority (OJK)

Tony Mahabir, MBA CMC, CFP, CIM, CEO Canfin Financial Group, Director of the Canadian Institute of Financial Planning

Giorgio Canella, Confidente Personale

 

10:30  Fighting the regulation whammy

  • Which business models can survive when compliance work time passing the 50 ./. hallmark soon?
  • Is the level playing field a social priority at all?
  • Who will regulate the regulators? Can businesses and clients fight back?

 

Introduced and Moderated by: 

Paul Stanfield, CEO, FEIFA England, and Secretary General, FECIF Brussels

Iain Stewart-Linnhe, Global Regulatory Policy & Capital Markets Specialist, Hon. Lecturer, Law Faculty, University of Liverpool

 

Confirmed Speakers:

Miranda Goeltom, Former Governor of the Indonesian Central Bank

Sven Putfarken CFP, Managing Partner M-P-V Wealth Management Ltd., Board Member Network Financial Planners Berlin

Gilles-Guy de Salins, Vice President, ANCDGP, France

 

11:15  Coffee Break

 

11:25  Investment Strategy: Where next for client portfolios?

  • Asset management, advice and regulation
  • Active management is dead, long live active allocation!
  • Cycles in a world of extreme monetary policies

 

Introduced and Moderated by: 

Henry Cobbe CFA, Head of Research, Elston Consulting

Confirmed Speakers:

Thomas Abel CFP, Founding President of Network Financial Planners, Berlin, Germany

Robert van Beek CFP, President of FPA Belgium, European Representative of Behaviorgap.eu

Zoltan Luttenberger PhD, Financial Life Planner, CAM Consultant

 

12:10  Investment Implementation: From bricks, to walls, to houses...

  • Appropriate services, platforms, products and portfolios?
  • The changing nature of risk management?
  • Focus on outcomes: portfolio strategy or user experience??
  • Retirement Portfolios: are there real choices for clients?

 

Introduced by: 

Josep Soler-Albertí, EFPA Chairman, Spain

 

Moderated by: 

Gilles-Guy de Salins, Vice President, ANCDGP, France

 

Confirmed Speakers:

Henry Cobbe CFA, Head of Research, Elston Consulting

Robert van Beek CFP, President of FPA Belgium, European Representative of Behaviorgap.eu

 

Invited Speakers:

Krzysztof Dresler, CEO and co-owner of ICRA (individual clients’ risk assessment company), CEO and co-owner of Insurance Group Service (multi-agent based distribution), Partner and coowner of BAAK and Capitalia banking loans and capital market advisory in Poland

 

12:40  Message from Richard Smouha, Co-founder and Honorary Chairman of CIFA, Co-founder of GSCGI and Founder of Atlanticomnium

 

12:55  Is our Profession capable of organizing itself and have its Word in the finance scene?

  • Independent Advisors and Wealth Managers serving their clients’ interests in first place
  • Independent Fiduciary Advice: The Non Plus Ultra in Finance
  • The Fiduciary discussion: is the 3,771 years old fiduciary duty a (new) “regulation issue” or a question of mutual trust and part of Roman Law?
  • Let Our Voice be heard! Independent Advice as socially recognized Role Model

 

Introduced and Moderated by: 

Richard Smouha, Co-founder and Honorary Chairman of CIFA, Co-founder of GSCGI and Founder of Atlanticomnium

 

Confirmed Speakers:

Thomas Abel CFP, Founding President of Network Financial Planners, Berlin, Germany

Robert van Beek CFP, President of FPA Belgium, European Representative of Behaviorgap.eu

Pierre Christodoulidis, President of CIFA

Zoltan Luttenberger PhD, Financial Life Planner, CAM Consultant

 

13:30  Networking Lunch

 

 

14:20  Investment Implementation: From bricks, to walls, to houses...

  • Appropriate services, platforms, products and portfolios
  • The changing nature of risk management
  • Focus on outcomes: portfolio strategy or user experience?
  • Retirement Portfolios: are there real choices for clients?

 

Introduced by: 

Josep Soler-Albertí, EFPA Chairman, Spain

 

Moderated by: 

Gilles-Guy de Salins, Vice President, ANCDGP, France

 

Confirmed Speakers:

Henry Cobbe CFA, Head of Research, Elston Consulting

Robert van Beek CFP, President of FPA Belgium, European Representative of Behaviorgap.eu

 

Invited Speakers:

Krzysztof Dresler, CEO and co-owner of ICRA (individual clients’ risk assessment company), CEO and co-owner of Insurance Group Service (multi-agent based distribution), Partner and coowner of BAAK and Capitalia banking loans and capital market advisory in Poland

 

 

15:10  Global Taxation and Cross Border Challenges for the Multi-National HNW Clients

  • Cross Border Business Models
  • Transparence and Exchange of information (FATCA, GATCA)

 

Introduced and Moderated by: 

Darlene Hart, Founder & CEO, US Tax & Financial Services

 

Confirmed Speakers:

Tony Mahabir, MBA CMC, CFP, CIM, CEO Canfin Financial Group, Director of the Canadian Institute of Financial Planning

Iain Stewart-Linnhe, Global Regulatory Policy & Capital Markets Specialist, Hon. Lecturer, Law Faculty, University of Liverpool

 

15:45  Coffee break

 

16:00  What are (should be) the priorities for a financial advisor?

  • Investment management, Cross Border, Tax planning, Retirement Planning?
  • Generalist? Outsourcing? Specialist? Life Planning? Trustee?
  • Compliance? Fighting roboadvice? ... or something else?

 

Introduced and Moderated by: 

Leong Sze Hian, Past President of the Society of Financial Service Professionals in Singapore, Chairman of the Singapore Professional Centre (umbrella body for professional associations) and President of Maruah (human rights NGO)

 

Confirmed Speakers:

Pak TRI, President FPSB Indonesia

Pak Muliaman D. Hadad, Ph.D, Chairman Indonesia Financial Services Authority (OJK)

Vania Franceschelli, Foreign Affairs, ANASF Italy

Marta Gellová, President of EFPA-Czech Republic

Zoltan Luttenberger PhD, Financial Life Planner, CAM Consultant

Josep Soler-Albertí, EFPA Chairman, Spain

 

Invited Speakers:

Paul Stanfield, CEO, FEIFA England, and Secretary General, FECIF Brussels

 

 

17:00  Investments: topical financial scams and misappropriation

 

Confirmed Speaker:

Gilles Duteil, Director of CETFI, Aix-Marseille University, Aix-en-Provence, France

 

 

17:30  The Day’s message to FAs, Clients and the General Public

 

Chairmen of the Day:

Zoltan Luttenberger PhD

Tony Mahabir, MBA CMC, CFP, CIM, CEO Canfin Financial Group, Director of the Canadian Institute of Financial Planning

Leong Sze Hian, Past President of the Society of Financial Service Professionals in Singapore, Chairman of the Singapore Professional Centre (umbrella body for professional associations) and President of Maruah (human rights NGO)

 

 

17:15  Secretary-General Address & End of the Forum