Programme and Speakers TEN YEARS AFTER PITTSBURGH: CHANGING FINANCE FOR GOOD? A Finance Watch conference 19 November 2019 10.00 – 18.30 Renaissance Brussels Hotel Rue du Parnasse 19 1050 Brussels Programme 10.00 Welcome and Coffee 10.30 Opening: Benoît Lallemand, Secretary General, Finance Watch Keynote speech: Philippe Lamberts, MEP (Greens/EFA) 11.00 Panel on Retail / Inclusion: How can we achieve a safe and inclusive single market for EU financial services? • Basic Financial Services: A necessary step towards inclusive EU financial services • Over-indebtedness: What needs to change in the consumer credit market? Panellists: Eric Ducoulombier, DG FISMA, European Commission Martin Schmalzried, COFACE Families Europe Iain Ramsay, Kent University Francesco Gaetano, DG JUST, European Commission Patricia Suárez, ASUFIN Richard Ahlström, Associate Professor Moderators: Olivier Jérusalmy & Giulia Porino, Finance Watch 13.00 Lunch 14.00 Panel on Financial Stability: Post crisis regulation: Old and new challenges to financial stability • Banking union: Unfinished business - Are we ready for the next crisis? • Capital Market Union: Does Europe need less bank and more capital market financing? • Cryptocurrencies and digital payments: New systemic risks on the horizon? Panellists: Martin Hellwig, Max Planck Institute for Research on Collective Goods (keynote speech) Dominique Laboureix, SRB Fabrice Demarigny, Next CMU High-Level Group Burçak Inel Martenczuk, EBF Christian Stiefmüller, Finance Watch Moderator: Greg Ford, Finance Watch 15.45 Coffee 16.15 Panel on Sustainability: Moving towards a sustainable financial system: What’s next? • Mobilising private finance: Towards a Sustainable Finance Action Plan 2.0 • Understanding environmental risk: The role of central banks and supervisors • Unlocking public finance: A key pillar of a Green New Deal Panellists: Sandrine Dixson-Declève, Club of Rome (keynote speech) Paul Tang, MEP (S&D) Aleksandra Palinska, EFAMA Helmut von Glasenapp, ELTIA Emanuele Campiglio, Vienna University Rens Van Tilburg, Sustainable Finance Lab Moderator: Thierry Philipponnat, Finance Watch 18.00 Keynote speech: Mario Nava, DG FISMA, European Commission Closing: Benoît Lallemand, Secretary General, Finance Watch 18.30 Drinks Speakers Benoît Lallemand is Secretary General of Finance Watch since January 2017. He was previously a senior policy analyst (mainly MiFID 2), senior advisor to Better Markets on EU affairs and head of strategic development and operations at Finance Watch. He also initiated the Citizens’ Dashboard of Finance, a platform allowing a broad range of stakeholders, including pioneers in sustainable businesses and financial services, academics and civil society organizations to engage on a global campaign to change finance. Before joining Finance Watch upon its creation in 2011, Benoît Lallemand spent more than ten years in the financial sector – more specifically in clearing and settlement (market infrastructure). He was initially a team leader before holding senior positions in asset-servicing departments, focusing on fixed income and structured products primary markets and regulatory reporting. He was then in charge of several business steering committees and strategic projects. Benoît Lallemand also has roots in the NGO world as a co-founder of ATTAC-Bruxelles. Philippe Lamberts is a member of the European Parliament, representing the Greens/EFA. Philippe Lamberts was born in 1963 in Brussels (Belgium). He graduated as an engineer in applied mathematics from the Catholic University of Louvain. From 1987 to 2009, he held various commercial and managerial positions at IBM. In June 2009, he was elected to the European Parliament for a first term, mainly dealing with banking and financial regulations. On 25 May 2014, he was re-elected as MEP and one month later became Co-President of the Greens/EFA Group following an internal election process. After five years dedicated to strengthening the position of environmentalists within and outside the European institutions, he got re-elected as Co-President of the Green Group that became Parliament’s fourth largest political force following the European elections on 26 May 2019. For his third and final term as MEP, Philippe Lamberts aims to put climate emergency at the top of the European agenda. Eric Ducoulombier is, since 1 January 2019, Head of the Retail and Payments Unit in DG FISMA. Before that he was in charge of the Unit dealing with Inter-Institutional affairs and Planning in DG FISMA. Eric Ducoulombier joined the European Commission in 1992, after having worked a few years in the private sector (consulting, law firm,…). He holds a Master’s Degree in law. Martin Schmalzried has been working at COFACE-Families Europe as a Policy and Advocacy Manager for 9 years. He has been responsible for the portfolio of financial services since January 2009. He is a Member of the Financial Services Users Group (FSUG) since 2013 and a Member of the EBA Banking Stakeholder Group since 2016. His areas of expertise are financial inclusion, creditworthiness, big data in financial services, fintechs, blockchain and virtual currencies. Martin Schmalzried holds a Master’s Degree from the ULB (Brussels) in Political Science. Iain Ramsay is Professor of Law at the University of Kent. He holds law degrees from the University of Edinburgh and Mcgill University, Montreal, Canada and has taught in both England and Canada. From 1986-2007 he was a Professor at Osgoode Hall Law School, York University, Toronto, Canada. He has been a visiting Professor at the University of Wisconsin-Madison, the University of Tokyo, Ritsumeikan University, Kyoto, Japan, the University of Sydney, and a Visiting Fellow at the European University Institute, Fiesole. Professor Ramsay conducted ground breaking empirical research on personal insolvency in Canada, and was a member of the Canadian Personal Insolvency Task Force (2000-2002). He has written extensively on consumer credit, comparative consumer insolvency and is co-author of the World Bank Report on the Treatment of the Insolvency of Natural Persons (2013). He has published widely on consumer law, consumer credit and insolvency, authoring or editing 12 books and over 70 articles or chapters. His most recent book Personal Insolvency in the 21st Century: A Comparative Study of the US and Europe (Hart, Bloomsbury, 2017) resulted from a Leverhulme Research Fellowship. He has delivered invited and keynote addresses on consumer law and policy and insolvency in many countries throughout the world. Francesco Gaetano is a policy officer of the European Commission since 2002. He works in the DG Justice and Consumers, dealing with consumer protection issues in the area of financial services. Previously, in Italy, he has been a bank employee and a teacher of history and philosophy. In addition, he has been a radio-journalist, dealing mostly with International and European matters. Patricia Suárez is a German and English educated philologist. As a consumer, adversely affected by a non-transparent banking product, she founded ASUFIN (2009), the Spanish Financial Users Association, which now includes more than 20.000 associates and of which Patricia is President. She is a regular speaker at conferences, sessions, congresses and seminars on financial education and financial users’ rights in Spain and in Europe. Since 2015, Patricia Suárez is Director of the European Group for Consumer Rights (www.fxloans. org). Her organisation ASUFIN joined Finance Watch as a member in 2019. Richard Ahlström has a Ph.D. in psychology and is currently associate Professor at Mid Sweden University, Östersund, Sweden. He has been active in research for many years in the field of over- indebtedness and its effect on health and wellbeing. He has written more than 20 research articles and policy documents in the area. He has arranged a number of conferences and seminars in the problem area, and has been an invited speaker at international conferences on numerous occasions. In addition, he has been working as a contracted expert for the European Commission, Eurofound, the Ministry of Social and Family Affairs (Ireland), the Nordic Council of Ministers, the Swedish Institute for Public Health, the Swedish Consumer Agency and the Swedish National Audit Office. He is a member of Finance Watch. Martin Hellwig is Director emeritus at the Max Planck Institute for Research on Collective Goods and a Professor of Economics at the University of Bonn. He is a Fellow of the Econometric Society, a past President of the European Economic Association and the German Economic Association, and a Foreign Honorary Member of the American Economic Association and the American Academy of Arts and Sciences. He is a Member of the Academic Advisory Committee of the German Ministry of Economic Affairs. He was a Member and Chair of the German Monopolies Commission (1998 – 2006) and of two committees advising the German government in the financial crisis. In 2011-2015, he was Chair and Vice-Chair of the Advisory Scientific Committee of the European Systemic Risk Board. Martin Hellwig studied economics at the University of Heidelberg (Diploma 1970) and the Massachusetts Institute of Technology (Ph.D. 1973). He has held academic positions in Stanford, Princeton, Bonn, Basel, Harvard and Mannheim. The economics of financial markets and financial institutions has always figured highly on his research agenda. In the 1990s, he was among the first to point to the implications of correlations between counterparty