Download the full programme here.
Full videos of speaker presentations are available to watch here.
10 May 2013 | 08:30 – 17:30 | Chartered Accountants’ Hall, Moorgate Place, London
|08:30||Tea, Coffee and Registration|
|09:00||Welcome | Richard Spencer, Head of Sustainability, Institute for Chartered Accountants of England and Wales
Why finance matters | Craig Bennett, Director of Policy and Campaigns, Friends of the Earth
|09:10||Privatised gains and socialised losses: how can we avoid a repeat pattern of asset price bubbles, debt crises and costly publicly funded bailouts of private financial institutions?
Chair: Pauline Skypala, Deputy Markets Editor at the Financial Times
|10:50||Increasing the diversity of UK banking institutions
The UK banking system is highly unusual in consisting of a small number of very large banks listed on the stock-market. Many other countries, including Germany, France, Austria, Switzerland, the Netherlands, Canada, Norway and the USA have a diverse range of successful financial institutions in their economies. This session will look at how a more decentralised, diverse and localised banking model could help to deliver greater resilience, access to finance for SMEs and financial inclusion. To what extent will the recent removal of barriers facing new entrants be sufficient to bring about this transformation?
Chair: Heather Stewart, Economics Editor for The Observer
|Fresh thinking on debt and recovery
The mainstream debate about how to end the recession pits austerity against more public and private borrowing. But are these the only options? What about redirecting Quantitative Easing into the real economy, as advocated by Lord Turner? Or a modern day Debt Jubilee? How do we manage debt-cancellation now that there are complicated chains of debt between different players? Could some debts be written off as part of a transition to a new monetary system, one which is based on governments spending money into circulation debt-free, rather than banks lending money into existence as debt? And how do we prevent unpayable debts building up in future?
Chair: Elaine Gilligan, Head of Campaigns at Friends of the Earth
|13:00||SOCIALLY USEFUL INVESTMENT: making money work for people and planet
This session looks further than financial stability, toward ensuring that our financial institutions create long term social and environmental value.Speakers:
Chair: Sony Kapoor, Managing Director at financial think tank Re-Define & Senior Visiting Fellow, LSE
|14:20||Tea and Coffee|
|14:40||Where do our savings go? Capital markets and accountability
Moving our money is relatively easy with banks, but much harder when it comes to pensions and insurance savings. How can we ensure that these investments serve people and planet rather than fuelling speculative bubbles and climate disaster? Is the burden on us to become more active and engaged economic citizens, demanding more of those who manage our money? Does government need to fundamentally change the rules by which pension providers compete? Or should we cut out the mainstream middle men altogether and seek radically new ways of investing our money?
Chair: Raj Thamotheram, Network for Sustainable Financial Markets
|Rehumanising Money: Innovative and ‘Bottom up’ solutions for getting finance into the right places
Much of the regulatory and policy recommendations have focused on reforming financial institutions which caused the crisis. But this fails to account for the resurgence of co-operative models of economic and financial collaboration, and peer to peer models which connect people to each other rather than via financial intermediaries. Timebanks and community exchanges allow people to trade freely and unleash underused resources. Community shares and bonds, crowd-funding and social investment platforms provide new ways of raising finance for popular projects. Could these innovative models ‘disrupt’ the system so that there is a tipping point where consumers demand greater transparency, autonomy and demonstrable social return?
Chair: Paul Ellis, CEO of the Ecology Building Society
|Live Audience Voting chaired by Laura Willoughby, CEO of Move Your MoneyFinal panel to reflect on the day’s discussions and consider strategy for achieving change:
Chair: Tony Greenham, Head of Finance and Business at the New Economics Foundation