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Event
19 May 2011
Economy

Taming the turmoil: New rules for global finance

A high-level roundtable co-organised by Friends of Europe and the Financial Times with media partner Europe's World

Session I - From banking meltdown to the eurozone crisis: Lessons learned and lessons ignored(10.00 – 11.30)Commentators and policymakers are both still divided over what really triggered the autumn 2008 crisis that threatened the international financial system and the subsequent eurozone debt crises, but their root causes are much clearer. Under-capitalised and over-leveraged banks pursuing high-risk profits in the former case, and governments’ credit-driven fuelling of consumer booms in the latter. (...)Keynote address by Olli Rehn, EU Economic and Monetary Affairs CommissionerPresentation of the report  “The Lessons of the Eurozone’s Crisis that Should Shape the EU’s G20 Stance” by Yannos Papantoniou, former Greek Economy and Finance MinisterIntroductory remarks by:Jukka Pekkarinen, Under Secretary of State for Economic Affairs in the Office of the Prime Minister, FinlandArnoud Vossen, Secretary General of the European Banking Authority (EBA)Session II - Outlook G20: What global rulebook for financial markets worldwide?(12.00 – 13.30)The G20 is the key forum for advanced industrial nations – many of them major debtors – and the ‘emerging’ economies that are their creditors to forge a new rulebook for the global economy. France plans to use its G20 presidency to reform the international monetary system, but what of global rules to govern basics ranging from corporate accounting to banking probity? (...)Introductory remarks by:Jaimini Bhagwati, Ambassador of India to the European Union and former World Bank Chief of Corporate FinanceWilliam E. Kennard, Ambassador of the United States of America to the European UnionRoger Liddle, Labour Party Whip in the United Kingdom House of Lords, Chair of the Policy Network, former Advisor to Jose Manuel Barroso and Tony BlairFor more information visit our event web page

When

19 May 2011 @ 09:30 am

19 May 2011 @ 02:30 pm

Duration: 5 hours


Where

Cercle Royal Gaulois

Rue de la Loi 5

Brussels

Belgium


Language

English en


Organised by

Friends of Europe

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