Vienna Marriott Hotel, Parkring 12a, 1010 Vienna
CONFERENCE ASPECTS
Modern economies need a functioning financial system. In principle, the financial system has four main functions: providing a payment system, matching borrowers and lenders, enabling people to manage their personal finances across their lifetimes and between generations, and sharing and managing risk. Despite the implementation of a series of reforms in 2010, including enhanced capital requirements for banks, new banking resolution legislation and the centralization of derivatives markets, the question whether the current financial system is fit for the future remains unanswered. Critics claim that the financial system today is still very similar to what it was before the financial crisis started in 2007. So is the financial system fit for the future? Will its current structure allow it to fulfill its main functions? Do we need further structural changes? If so, what kind of changes? Are tighter banking regulation, an increasing role for shadow banking and the EU’s project of establishing a capital markets union the way to go? What opportunities and potential risks do such changes involve? How will technological developments like fintech and digital money shape the future financial system?
The macroeconomics of central bank issued digital currencies
Michael Kumhof, Senior Research Advisor – Research Hub, Bank of EnglandBanking without banks? How will technology transform financial Intermediation?
Thomas Puschmann, Head of Swiss FinTech Innovation Lab, University of Zürich presentationThe political economy of central banking in the digital age
Sir Paul Tucker, Chair Systemic Risk Council, Senior Fellow, John F. Kennedy School of Public Management presentationDo we have too much intermediation?
John Kay, EconomistThe future - banks or platforms?
Patricia Jackson, Non Executive Director, Atom Bank, Adviser, EY and SUERF presentationHigh Frequency Trading: Costs and Benefits
Nikolaus Hautsch, Professor, University of Vienna presentation’Kamingespräch’
Hans-Jörg Schelling, Austrian Federal Minister of FinanceThe surprising resilience of cash
Helmut Stix, Senior Expert, Oesterreichische Nationalbank presentationMoney and payments in the digital age: innovations and challenges
François Velde, Senior Economist and Research Advisor, Federal Reserve Bank of Chicago presentationIs the post-crisis financial system more resilient? What remains to be done?
Erkki Liikanen, Governor, Bank of Finland presentation
