Seven years on from the crash, our financial sector looks and behaves in a remarkably similar way. Follow the money and you’ll find it’s inflating house prices, speculating on assets rather than supporting small businesses or long-term investment, and locking our economy into a path towards dangerous climate change.
It’s time to build a better system: one that supports affordable homes, sustainable jobs and a low-carbon economy.
This event will bring together campaigners, business, trade unions and policymakers together with the new thinkers, researchers and innovators in finance to find solutions to our most pressing economic, social and environmental problems.
Crowdfunding now! Get your ticket here.
11th May 2016
20 Bedford Way, London WC1H 0AL
8.45 Arrival & coffee
9.15 Welcome and introduction: Chris Hewett, Finance Innovation Lab
9.30 Keynote speech: Lord Adair Turner
Lord Turner will draw on his latest book, Between Debt and the Devil, to explore how we can use financial regulation and monetary policy to ensure the finance system better serves the needs of wider society, economy and the environment.
Respondents: Fran Boait (Positive Money), Baroness Kramer (Lib Dem) & audience Q&A
11.00 Coffee & exhibition
11.30 What kind of financial system would make UK housing affordable again?
Our financial system inflates house prices at an unsustainable rate and makes good homes unaffordable for most people. How can we restore houses to their proper status as homes, not financial assets?
Chair: Zoe Williams, The Guardian
Speakers: Josh Ryan-Collins (NEF), Toby Lloyd (Shelter), Beth Stratford (Roehampton University)
12.15 What would a finance system that serves the real economy look like?
Our over-centralised UK banking system neglects small businesses and doesn’t provide sufficient patient capital for innovation or infrastructure. What structural reforms are needed to ensure UK finance serves the needs of the real economy?
Speakers: Paul Nowak (TUC), Paul Marston (Ratesetter), Heather Buchanan (Fair Business Banking)
13.00 Lunch & exhibition
14.15 Is mainstream finance really going green?
G20 finance regulators are investigating climate risks, the UN has produced a landmark report on a sustainable finance system, and the climate bond market is expanding. But what other reforms are needed to ensure the trillions of investment required to move to a 2oC world?
Speakers include: Ingrid Holmes (E3G), Benoit Lallemand (Finance Watch)
15.45 Feedback from the Transforming Finance Lab
Anna Laycock (Finance Innovation Lab) will share the highlights of our parallel unconference and invite key participants to share their ideas, commitments for next steps and questions for the closing panel.
16.00 Panel discussion – Making finance work for us
Panellists include: Matthew Taylor (RSA), Catherine Howarth (Share Action), Mariana Mazzucato (University of Sussex)
11.30 to 15.00 Transforming Finance Lab
Our parallel unconference, Transforming Finance Lab, will host roundtable discussions facilitated by members of the Transforming Finance Network, including NEF, Positive Money, Share Action, Finance Watch, Move Your Money and the RSA. Each roundtable will discuss a specific idea for a financial innovation, public campaign, policy measure or media initiative, with opportunities for delegates to join the conversations and help shape the network’s plans.
Our unconference is also your opportunity to meet the Finance Innovation Lab Fellows – 17 innovators who are building financial models that put people and planet first.
The conversation will continue in a nearby pub – all welcome!