Event details

XIth International CIFA Forum

April 24 - 26, 2013

CAN THE WORLD FINANCIAL SYSTEM BE REFORMED?

FINAL PROGRAM XIth International CIFA Forum

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Wednesday 24 April 2013

14.00

Welcome and registration of the participants

Opening ceremonypresented by Guy R. Cohen,Chairman of the Organization Committee

15.00

Welcome address by Pierre Christodoulidis

President of CIFA

15.15

Message by H.E. Nestor Osorio

President of ECOSOC

15.30

Message by H.E. Jean Castellini

Minister of Finance and Economy, Principality of Monaco

15.45

Message by the André Garino

President of the Economic and Social Council of Monaco (tbc)

16.00

Roundtable on the theme set by ECOSOC: “Science, Technology and Innovation and the potential of Culture for promoting sustainable development and achieving the MDGs” What impact on the Sovereign Debt Crises?Moderator: Hanifa D. Mezoui, PhD, Senior Advisor, Humanitarian Affairs and Civil Society) Office of the United Nations High Representative for the Alliance of Civilizations, New York

Speakers:

Jean Ping

Former President of the African Union, President of the 59th Session of the UN General Assembly, former President of OPEC

Me François Loriot

President Bar Association for Inter-Governmental Organizations and Vice-President AIFOMD (UN-MDG training)

Prof. William K. Black

White-collar criminologist and former senior financial regulator, Associate Professor of Economics and Law, University of Missouri, Kansas City, USA

Pamela Bernabei

Secretary General, International Ontopsychology Association

Andrei Abramov

Chief, DESA NGO Branch

Ricardo Espinosa

Chief NGO Liaison office, UNOG,Geneva (tbc)

17.30

"Searching for meaning" Crises,Business, Spirituality

Speakers:

Brother Marie Paques

Abbaye de Lerins

18.00

End of the first day

19.30

Cocktail

8.00

Welcome and registration of the participants

8.45

Welcome address by Indira Tasan

Editor in chief, Banco Magazine, Day Chairman

Round Table 1: Saving the world financial system: who will pay?

9.00

Diagnosis of a dysfunctioning monetary system
Who is benefiting and who is suffering from the current system?
Can the Dollar still keep its role as a reserve currency, following the massive creation of liquidity?
What are the consequences of using other currencies than the Dollar for commodity trading purposes (petro-rubles/yen)?
Who will pay? What will be the future world monetary standard?
What reforms are currently being studied (IMF…)?
Project of a new BRICS development bank for infrastructure projects: what consequences?

Speakers:

Lenore Elle Hawkins

MBA, Partner, Meritas Advisors, San Diego, USA

Luca Fantacci

Associate professor, Department of Policy Analysis and Public Management,Bocconi University, Milan, Italy

Daniel Mitchell

Senior Fellow, Cato Institute, Washington, USA

10.00

Coffee Break

Round Table 2: Round Table 2: Did the banking regulation solve the problems after the 2008 financial crisis, or did it create new ones?

10.30

Reforms in the United States: Has Wall Street really changed since the financial crisis? What is the outcome of the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act following the subprime crisis? What about the Merkley-Levin amendment (Volcker rule)seeking to restrict banking speculative investments (ban of proprietary trading)?
Basel III: outcome and consequences
Reform of the European banking system: what is the strategy of the European Commissioner for Internal Market and Services?
Consequences of the Finnish central bank’s Liikanen report on the separation of banking activities: How to isolate risky banking activities while protecting households’ deposits?
Financial Transactions Tax: What are the outlines of future reforms? What is the timetable for implementation?
What are the problems of shadow banking against traditional finance: towards a European Glass Steagall Act?
How to curb the dangers of computer-generated transactions and their inherent systemic risk?

Speakers:

Anthony Saunders, John M. Schiff Professor of Finance, Leonard N. Stern School of Business,New York University, New York, USA

Louise C. Bennetts

Associate Director of Financial Regulation Studies, Cato Institute,Washington, D.C, USA

Round Table 3: Oversight of European banks: moving towards a European SEC?

11.30

Consequences for the industry players: advantages, downsides
What role for the ECB (monetary independence or banking regulation)?
Who will survive reform? Who will disappear?

Speakers:

Prof. Dr. Martin Janssen

ECOFiN Research and Consulting AG, Zurich, Switzerland

Leong Sze Hian

Past President, Society of Financial Service Professionals, Singapore

12.30

Lunch and networking

14.00

Cross border life insurance from Luxembourg: myths and realities

Speakers:

Caroline Bohrer

Sales Director, Swiss Life (Luxembourg)

Mario Da Costa

Chief Market Officer, IWI International Wealth Insurer

Eric Winter

Sales Director, Foyer International

15.00

Coffee Break

Round Table 4: Round Table 4: What are the negative effects of bank regulation on the ability of banks to lend to the private sector? What are the consequences of the Basle III requirements? Overview of alternative banking instruments not subjected to liquidity problems

15.30

How could regulation overcome the dilemma between strengthening banks and ensuring adequate credit to businesses?
Is it possible to encourage forms of banking that are more effective in financing economic activity and less dependent on liquidity?
Could alternative forms of finance, such as local currencies, clearing systems and capacity trade help reduce liquidity requirements of banks without reducing credit to businesses?

Speaker:

Massimo Amato

Associate professor, Department of Policy Analysis and Public Management,Bocconi University, Milan, Italy

Steve Young

Global Executive Director, Caux Round Table, Saint Paul, USA

16.30

The unstoppable power of small players. How and why - thanks to the internet, social networks and e-merging (www.e-merging.com), small, efficient and well-connected companies are about to take advantage of the fragmentation of the private banking industry.

Speaker:

Olivier Collombin

Partner, Lombard Odier & Co Capital Partners and founder of e-merging, Member of the CIFA Advisory Board, Geneva, Switzerland

Round Table 5: CIFA Tomorrow

17.00

Moderator:

Jean-Pierre Diserens

Secretary-General of CIFA, Geneva, Switzerland

Speakers:

Members of CIFA Advisory and Executive Committee

Parallel Worshop 1 - Presentation of Monaco’s Financial Centre

17.30

Speakers:

Elisabeth Ritter-Moati

General Manager, CDE Monaco

Bernard Rousselot

President, Monaco for Finance

Jean-Humbert Croci

Chartered accountant, Monegasque Order of Chartered Accountants

Parallel Worshop 2- An Ageing society: Progress in medical research and the socioe economic impact of Alzheimer’s disease and other related disorders

Socio-economic impact of dementia: a global challenge

Federico Palermiti

project manager, Monegasque Association for research on Alzheimer's disease — AMPA, Monaco

An exemplary societal answer - The new geriatric services in Monaco: Innovation for the care and support of the elderly

Prof. Alain Pesce

head of the Department of Geriatrics at the Princess Grace Hospital in Monaco and Vice President of AMPA, Monaco

Impacts of basic research on Alzheimer Disease

Dr Marie-Claude Potier

Brain and Spine Institute - 1CM, Paris, France

18.30

End of the second day

20.00

Patrons’ Dinner at the Hotel de Paris by invitation only

(Black tie suggested)

Thursday 25 April 2013

Friday 24 April 2013

9.45

Welcome and registration of the participants

10.15

Day Chairman's welcome address

The impact of regulatory initiatives on the distribution of investment products & services...

Chairman:

vincent J. Derudder

Chairman, FECIF, Brussels, Belgium

Vice-Chairman:

David Charlet

Chairman, ANACOFI, Paris, France

10.30

Introduction: Overview about EU intermediation

Vincent J.Derudder

FECIF

10.40