THE FUTURE OF FINANCE And The Theory That Underpins It
Wednesday 14 July 2010 09:00 - 17:30
IET: London - Savoy Place, 2 Savoy Place, London WC2R 0BL
The Future of Finance Conference
THE FUTURE OF FINANCE
And The Theory That Underpins It
Date: Wednesday 14 July 2010
Time: 9.00 - 17.30
Venue: The Institute of Engineering and Technology, 2 Savoy Place, London WC2R 0BL
Map and directions
Overview: In light of the current economic crisis, there is an urgent need for fundamental rethinking about the future structure of the financial system, and the economic theory that underpins it. Early in 2009, Paul Woolley and Richard Layard established The Future of Finance discussion group comprising regulators, bankers, academics and commentators; experts on the subject. The objective was to focus only on the central issues at stake. Adair Turner, Chairman of the Financial Services Authority, wrote the first paper setting out the issues, and subsequent papers given at our monthly meetings have addressed key analytic questions and possible remedies. On Wednesday 14 July we held a one day conference to mark the launch of a book of our findings. The programme can be downloaded here.
*A follow up event was held in Frankfurt on 24 May 2011. For more information or to download the podcast please visit the webpage on the LSE Events Website*
Speakers, slides, podcasts and videos
Jump to: Peter Boone / Vince Cable / Howard Davies / Charles Goodhart / Andrew Haldane / John Kay / Andrew Smithers & Andrew Large / Adair Turner / Sushil Wadhwani / Martin Wolf / Paul Woolley / Panel Discussion
- Adair Turner, Chairman, Financial Services Authority
What do banks do? Why do credit booms and busts occur and what can public policy do about it?
- Andrew Haldane, Executive Director of Financial Stability, Bank of England
What is the cintribution of the financial sector: Miracle or mirage?
- Paul Woolley, Senior Fellow, The Paul Woolley Centre for the Study of Capital Market Dysfunctionality, London School of Economics
Why are financial markets so inefficient and exploitative - and a suggested remedy
- Sushil Wadhwani, CEO Wadhwani Asset Management
What mix of monetary policy and regulation is best for stabilising the economy?
- Charles Goodhart, Emeritus Professor of Banking and Finance, London School of Economics
How should we regulate the financial sector?
- Howard Davies, Director of the London School of Economics and Political Science
- Andrew Smithers, Founder of Smithers & Co. and Andrew Large, Former Deputy Director, Bank of England
Can we identify bubbles and stabilise the system? What framework is best for systemic, macroprudential policy?
- Vince Cable, Secretaty of State for Business, Innovation and Skills
- John Kay, Visiting Professor, London School of Economics
Should we have "narrow banking"?
- Martin Wolf, Financial Times
Why and how should we regulate pay in the financial sector?
- Peter Boone, Executive Chair, Effective Intervention
Will the politics of moral hazard sink us again?
This event will take place in IET: London - Savoy Place, 2 Savoy Place, London WC2R 0BL.