The EACB (European Association of Co-operative Banks) organised a debate on ‘Regulation and the need to re-launch local growth: the role of co-operative banks’, in close co-operation with the European Economic and Social Committee on the 4th of March 2014 in Brussels.
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OLIVER WYMAN STUDY ON CO-OPERATIVE BANKS 2014
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PICTURES OF THE EVENT
OBJECTIVES:
The profound changes in the economic and legislative banking environment are triggering a number of challenges. Co-operative banks, focused on members and costumers value, continue to play a key role in financing local economies, however they risk being deeply reshaped by the regulatory reforms and the new environment.
This trend was at the core of the Paris Declaration signed by top co-operative banks leaders: “The local banks face great difficulties in coping with the amount and complexity of the new regulatory framework with ever increasing compliance costs and increasingly prescriptive provisions. This may ultimately force them to organisational changes- or even to abandon their decentralised network system to gain economies of scale or to ease the reporting requirements (…) Is this really what the European economy needs?” (C. Talgorn, Chair of EACB, June 2013)
Facilitator: >> Silvia Pavoni, Economic Editor, The Banker Magazine
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08:30-09:00 |
REGISTRATION |
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09:00-09:35 |
Welcome and Introduction |
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>> Christian Talgorn, President, European Association of Co-operative Banks
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>> Joost van Iersel, President of the Section for Economic and |
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>> Video Message by Michel Barnier, Commissioner responsible for Internal Market and Services, European Commission (see above) |
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09:35-11:50 |
REGULATORY DEBATE The regulatory debate will tackle the following topical issues: =>First assessment of the new financial services regulatory framework in Europe =>Latest thinking on further structural reforms and challenges to implement further stability measures =>How to balance regulation and growth? =>How to ensure an efficient funding of the economy? =>How forthcoming legislation will impact on market players, consumers and businesses,what consequences for EU competitiveness? =>How to create a level playing field and prevent regulatory arbitrage? =>How to formulate simpler, more understandable and proportionate rules to ensure market diversity in the EU banking industry? =>Will co-operative banks distinguishing features (client/members relationship and localfinancing) be affected by the implementation of banking reforms? |
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PANELLISTS |
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Guest Speakers |
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>> Herbert Dorfmann, MEP, Committee on Economic and Monetary Affairs, European Parliament |
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>> Adam Farkas, Executive Director, European Banking Autority |
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>> Jean-Paul Gauzès, MEP, Committee on Economic and Monetary Affairs, European Parliament |
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>> Rainer Masera, Dean of the School of Business, Guglielmo Marconi University |
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>> Mario Nava, Director, Financial institutions, GD Internal Market and Services, European Commission |
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>> Carlos Trias Pintó, rapporteur for the opinion of the European Economic and Social Committee on the "Banking Union Package |
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>> Jukka Vesala, Director General, Prudential Supervision III, European Single Supervisory Mechanism |
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Co-operative Banks Speakers |
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>> Gerhard Hofmann, Vice-President, European Association of Co-operative Banks & Board Member, Bundesverband der Deutschen Volksbanken und Raiffeisenbanken |
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>> Bertrand Corbeau, Executive Committee Member, European Association of Co-operative Banks & Chief Executive Officer, Fédération Nationale du Crédit Agricole |
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>> Federico Cornelli, Chief Operating Officer, Italian Federation of Co-operative Credit Banks |
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Conclusions |
>> Christian Talgorn, President, European Association of Co-operative Banks
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11:50-12:15 |
Coffee Break |
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12:15-12:50 |
CO-OPERATIVE BANKING: LEVERAGING THE CO-OPERATIVE DIFFERENCE TO ADAPT TO A NEW ENVIRONMENT - !!NEW STUDY!! >>Bruno de Saint-Florent, Responsible Practice Financial Services, Oliver Wyman >> Q&A session |
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12:50-13:00 |
Closing of the event |