London June Agenda
8:30 am Breakfast and Registration
9:00 am Welcome Remarks
James Leigh-Pemberton, CEO, UK, Credit Suisse
Patrick Jenkins, Banking Editor, Financial Times
Patrick Jenkins, Banking Editor, Financial Times
9:10 am Keynote Address:
Peter Praet, Executive Director, National Bank of Belgium
9:30 am Panel Discussion - Basel III: Critical Changes, but What Shape Will
They Take?
Peter Praet, Executive Director, National Bank of Belgium
9:30 am Panel Discussion - Basel III: Critical Changes, but What Shape Will
They Take?
The shortcomings of Basel II - not least its incentivisation of an off-balance sheet, "shadow banking" system - were laid bare by the financial crisis. But are the Basel III proposed changes ultimately healthy for the banking sector, or are they too radical and disruptive, actually undermining confidence in the banking system? What will Basel III look like in its final form after many more months of discussion? Will political motivations, conveyed by national governments through their regulators win out? Will implementation vary across the world, leaving an un-level playing field and even less consistency? How onerous will be the new requirements be in practice and what impact will they have on banks' profitability? How will they fit with potential bank levies and new bank resolution regimes? What will Basel III mean for debt and equity issuers and investors?
Simon Gleeson, Partner, International Financial Markets Group,
Clifford Chance
Juan Grana, Director, Capital Products, Credit Suisse
Clifford Chance
Juan Grana, Director, Capital Products, Credit Suisse
Angela Knight CBE, Chief Executive, British Bankers Association
Peter Praet, Executive Director, National Bank of Belgium
Moderated by: Patrick Jenkins, Banking Editor, Financial Times
10:30am Networking Break
10:50 am Keynote Address:
Paul Sharma, Director, Prudential Policy Division, Financial Services
Authority, UK
11:20 am Panel Discussion - Bank Capital: What Place for Bond Markets?
Bond markets supplied banks with as much regulatory capital as equity markets did during the last decade: the advent of hybrid Tier 1 capital alone channelled around 300 billion euros into European banks. But the credit crisis brought rude awakenings on the subject of these capital instruments, not least to investors and bank regulators. What capital products are investors prepared to buy after this experience? Will retail investors move centre stage, having to replace regulated investors like insurance companies? Or could regulatory and governmental requirements even make bond market capital too costly for banks to issue? Will contingent capital be the way forward for bond markets to have a role in bank capital? Will a favourable regulatory consensus on contingent capital be reached, and if so, what will contingent capital instruments look like? Ultimately, will contingent capital increase or reduce the riskiness of banks?
Alain Laurin, Senior Vice President, Credit Policy, Moody's Investors
Service
Thomas Murphy, Head of Structured Transactions, Lloyds Banking Group
Mark Tristram, Managing Director, Head of Capital Products, Credit Suisse
Raphael Robelin, Senior Portfolio Manager, Bluebay Asset Management
Service
Thomas Murphy, Head of Structured Transactions, Lloyds Banking Group
Mark Tristram, Managing Director, Head of Capital Products, Credit Suisse
Raphael Robelin, Senior Portfolio Manager, Bluebay Asset Management
Moderated by: Patrick Jenkins, Banking Editor, Financial Times
12:20 pm Closing Remarks by Credit Suisse
James Leigh-Pemberton, CEO, UK, Credit Suisse
12:30 pm Buffet Lunch
James Leigh-Pemberton, CEO, UK, Credit Suisse
12:30 pm Buffet Lunch
