Global Summit on International Financial Centres
08:00 - 09:00Registration and refreshments
09:00 - 09:10Opening remarks from the Chair
Silvia Pavoni, Economics Editor, The Banker
09:05 - 09:30Keynote: Financial centres in a globalised world

H.E. Luc Frieden, Minister of Finance, Grand Duchy of Luxembourg
  • The world of finance is increasingly globalised. What does this mean for individual financial centres?
  • What are the major challenges and opportunities for financial centres?
  • Are financial centres competitors or cooperation partners?
  • Do financial centres have a responsibility to make sure that users are provided with appropriate and sustainable financial services?
  • How can financial centres contribute to regain the trust of customers?
09:30 - 09:50Strengthening connections between international financial centres

Nick Baird, Chief Executive, UK Trade and Investment
  • Exploring the potential for closer cooperation between financial centres – what are the benefits?
  • Evaluating London as a partner of choice for global centres
  • Enhancing London’s role as a venue for international business
09:50 - 10:40The Rise and Fall of IFCs: Key Factors in Global Competitiveness

Karel Lannoo, Chief Executive Officer, The Centre for European Policy Studies
Sir Thomas Harris KBE CMG, Vice Chairman Asia, Standard Chartered Bank
  • What is the effect of the economic slowdown having on the previously dominant financial centres of Europe and the US?
  • Assessing the implications of the ongoing eurozone crisis
  • Exploring the impact of the G-20 agenda
  • What role is risk appetite playing in the changing balance of power between IFCs?
  • Exploring the rise in fortunes of Asian and Middle Eastern financial centres – will this be sustained?
  • Looking ahead – what will drive the competitiveness of IFCs in the future, and where?
10:40 - 11:10Refreshments and networking
11:10 - 11:40The Emerging Global, Legal and Regulatory Architecture for IFC Business

Barnabas Reynolds, Partner, Shearman & Sterling LLP
  • Inter-continental ring-fencing and subsidiarisation
  • Importance of a sophisticated legal framework, fairly, coherently and intelligently applied
  • Success of G20 harmonisation? Continuing “light touch” approach in some countries?
  • Living wills, proactive regulation and a reduction in complexity?
  • The compliance headache
11:40 - 12:30Panel: Positioning IFCs to benefit from the upturn

Edouard de Lencquesaing, Special Advisor for European Affairs, Paris EUROPLACE, Managing Director, European Institute for Financial Regulation
Hubertus Väth, Managing Director, Frankfurt Main Finance
Silvia Pavoni, Economics Editor, The Banker
Ewan Brown, Chairman, Scottish Financial Enterprise
  • Getting the fiscal issues right to maximise competitiveness 
  • What role should, and will, new and restructured global financial institutions play in IFCs?
  • What are international financial institutions seeking from IFCs in today’s economy?
  • Rethinking the IFC model – what will work best in the new economic order?
  • What centres and types of centres will be best prepared for innovation?
12:30 - 13:40Lunch
13:40 - 14:20Towards a workable global regulatory system
Robert Gray, Chairman, Debt Finance and Advisory, HSBC
Charles Haswell, Group Head of Regulatory Policy and Development, HSBC Group
  • Getting to the roots of the regulatory challenges – learning the lessons from the economic downturn
  • What is increased regulation trying to achieve?
  • Risks and opportunities of changing regulation
  • Strengthening global dialogue on regulation – can/should the EU and US work together? Is global regulation necessary?
  • The risk of protectionism as a response to regulatory overload
14:20 - 14:50How is the regulation of securities and derivatives exchanges evolving in the current environment?

Hans Ole-Jochumsen, Chairman, Federation of European Securities Exchanges, and Executive Vice President of Transaction Services Nordic, NASDAQ OMX
  • How is the G20 agenda being implemented and what are the effects on the global financial industry?
  • Developments in OTC derivatives clearing regulation – what are the provisions of EMIR and how will they work?
  • Securities trading regulation – what impact has MiFID I had and what can we expect from MiFID II?
14:50 - 15:30Panel: Regulation Overload? What are the Implications of Increased Regulation on the Competitiveness of Financial Centres?

Dr. Costanza Russo, Leverhulme Lecturer in Banking Law, Centre for Commercial Law Studies, Queen Mary, University of London
Hugh Savill, Director of Prudential Regulation, Association of British Insurers
Maria Abascal Rojo, Chief Economist for Regulation and Public Policies, BBVA Research
Brian Caplen, Editor, The Banker
  • Risk and regulation – getting the balance right in the longer term
  • Update on the changing regulatory regimes in the US and Europe and their implications for financial institutions and the financial sector
  • Rules vs. principles based regulation – getting the model right
15:30 - 16:00Refreshments and networking
16:00 - 16:20IFCs in the new macro climate

Rachel Ziemba, Director, EEMEA and Global Macroeconomics, Roubini Global Economics
  • How will global risks affect emerging financial centres?
  • Outlook for BRICS and other new EM regional financial centres.
  • Effects of EZ deleveraging on new financial clusters
  • Key reforms to support financial synergies
  • Competition between financial centres - How to build liquidity?
16:20 - 16:40Will China drive the future for Asian financial service centres?

Charles Ng, Associate Director General, InvestHK
  • Is Hong Kong’s position as leading Asian financial centre secure in the face of competition from Mainland China?
  • Exploring the rise of Shanghai as a key financial centre
  • The opportunities for Chinese IFCs with the internationalisation of the Renminbi settlements market
16:40 - 17:00Emergence of Nigeria as a key African centre for financial services

Alhaji Suleiman Barau OON, Deputy Governor, Central Bank of Nigeria
  • Examining the progress towards establishing Nigeria as an International Financial Centre
  • Tackling the infrastructure, regulation and governance issues
  • Finding Nigeria’s niche
  • Learning from success stories around Africa
17:00 - 17:30Brazilian IFCs – capitalising on global economic slowdown

Paulo de Sousa Oliveira Junior, Chief Executive, Brail Investment & Business (BRAiN)
  • Sao Paulo as a marker for Latin American IFCs – is competition from Rio likely?
  • Exploring confidence in the Brazilian regulatory regime in the long-term
  • Assessing the growth and competitiveness of smaller regional IFCs in Latin America
  • Prospects for the Integrated Latin American Market (MILA) and its attractiveness to international investors
17:30Close of Day One

08:00 - 08:50Registration and refreshments
08:50 - 09:00Opening remarks from the Chair
Silvia Pavoni, Economics Editor, The Banker
09:00 - 09:20IFCs and tax cooperation in the new global economy

Monica Bhatia, Head of the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes, OECD
  • Gauging political will in tackling offshore tax evasion and improving tax cooperation
  • Reviewing key developments in the OECD and Global Forum on Transparency and Exchange of Information
  • What progress is being made by offshore financial centres
09:20 - 09:50Panel: Offshore financial centres – are they good for the global economy?
Simon Knott, Head of Unit II, Global Forum Secretariat, OECD Centre for Tax Policy & Administration
Aliya Allen, CEO & Executive Director, Bahamas Financial Services Board
Richard Hay, Partner, Stikeman Elliott
Marcus Thompson, General Counsel & CCO, Walkers
  • Large and small financial centres: how do regulatory and transparency standards compare?
  • Small IFCs under the cosh: is tax competition the next battle?
  • Are public perceptions of small IFCs accurate?
  • Are small IFCs contributors to the major economies and rising powers which surround them?
09:50 - 10:10Emerging financial centres in MENA
Akshay Randeva, Director, Strategic Development, Qatar Financial Centre Authority
  • Developing IFCs in MENA: update on developments in key Gulf centres
  • Impact of the Arab Spring on the emerging financial centres of the Middle East
  • Impact of the credit crisis and eurozone crisis on emerging financial centres of the Middle East
10:10 - 10:30Post credit-crisis: examining Islamic Finance as a model for financial stability
Professor Mahmood Faruqui, Senior Advisor, Bank of London and The Middle East plc
10:30 - 11:00Refreshments and networking
11:00 - 11:30Istanbul – an emerging IFC in the making?

Hakan Binbaşgil, Chief Executive Officer, Akbank
  • Assessing how ready Istanbul is to join the ranks of the world’s IFCs?
  • What has the city got to offer?
  • Dealing with competition from East and West
  • The outlook for Istanbul
11:30 - 12:20Exploring the rise of regional centres in Europe

Ludwik Sobolewski, President & CEO, Warsaw Stock Exchange
Akkie Lansberg, Managing Director, Holland Financial Centre
Kenneth Farrugia, Chairman, Finance Malta, Chief Officer, Valletta Fund Services Ltd.
  • Key regional centres in Europe – Vienna, Malta, Warsaw, Switzerland, Sweden and Lisbon – what is their current role and their future?
  • How are these centres operating in the context of increased regulation?
  • Assessing the attractiveness of these financial centres to international institutions
12:20 - 13:00Servicing the global funds industry

Mark Saluzzi, Chairman, Association of the Luxembourg Fund Industry
Christopher L. Cruden, Chief Executive Officer, Insch Capital Management SA
Mark Florman, Chief Executive Officer, The British Private Equity and Venture Capital Association
Silvia Pavoni, Economics Editor, The Banker
Kristof Woutters, Head of Financial Engineering, Dexia Asset Management
  • Exploring trends in the funds industry – which markets are seeing greatest investment and investor appetite?
  • What is the industry seeking from IFCs in this market?
  • Exploring the growth in regional asset allocation strategies and the opportunities there for IFCs
  • Assessing demand for services in global custody, prime brokerage, fund administration and hedge fund Administration
13:00Close of conference and networking lunch