EUROPEAN FINANCIAL CONGRESS 2019
Does every growth have limits? 2019 is a time when voices about a looming economic slowdown are growing increasingly frequent and louder. Although the term "another crisis" is fortunately not that common, have we learned our lessons from the last economic crisis and are we aware of the complexity and diversity of the causes of another possible crisis?
The challenges and risks that the financial sector will face have many sources: the economy, climate change and environmental protection, geopolitics, society and technological development.
The 9th European Financial Congress, as in previous years, will undertake a discussion on what is essential to ensure that the future of finance and, hence, of the economy is stable, modern and fair.
Major thematic areas of this year's Congress:
Brexit and tensions in the global economy
Macroeconomic and political effects of Brexit; consequences of Brexit for business; new threats resulting from growing economic protectionism and tensions in the global economy; challenges related to Chinese and American economic policy; growing debt and social inequalities; the future of the euro zone; Poland and the banking union – together or separately?
Are we prepared for a period of economic downturn?
Challenges faced by the Polish economy against the global economic cycle; growing bubbles on real estate and capital markets; redefinition of the essence of economic benefits from EU membership; the impact of new prudential and accounting regulations on bank security, resilience to shocks, operating efficiency; Poland's appeal for investments and investment risk vs membership in the euro zone and the banking union.
Technological revolution challenges for business models and for financial system stability
Technological changes and a client-cantered approach; platforming and the future of ecosystems in Europe, what can digitized Polish banks do to help non-digitized Polish operators?, use of data and AI; banking in the Cloud; e-Poland under construction – how do we use digital competences to benefit the society and the economy; how do financial institutions need to look after clients on the increasingly digital Polish market?; development of the European financial market in the context of PSD2 – benefits and risks from clients' perspective; cybersecurity; the impact of new regulations on a business model.
For greater credibility and trust in financial markets
"Phishing" and "moral hazard" and new regulations; how to report climate and environmental risks; which areas in the financial sector require regulatory strengthening?; sustainable finance and investing for the benefit of the environment and society; transparency and accountability of financial institutions in the context of impact on investment risks; fair taxation of the digital economy; financial future of the millennial generation as a challenge for today's employers; responsible lending, responsible borrowing.
Capital markets vs sustainable and innovative economic growth
Initiatives enhancing the significance of the stock market for the real economy; relations of listed companies with shareholders in the context of changes arising from the Shareholder Right Directive – the possibility of restoring investor confidence in the stock market; the impact of capital markets marginalization on the productivity of the Polish economy; capital market development strategy and challenges in the face of innovations such as the creation of "blockchain" exchanges;
Real estate market: investment potential and financing mechanisms
Poland's investment potential against the European investment scene; financing commercial real estate, including public real estate, with special emphasis on the public-private partnership formula; the role of closed-end investment funds in financing the construction or purchase of commercial real estate; new real estate finance vehicles.
The programme of this year's European Financial Congress will include sessions that were very popular last year:
- Macroeconomic challenges and forecasts for the Polish economy - June 2019 edition
- Map of technological challenges for the banking sector
- Map of challenges facing the banking sector. Debate of Bank CEOs
and, for the first time during the EFC:
Table of reformers
Proposals for structural and systemic changes in the financial sector in order to maintain the economic growth and competitive position of the Polish economy and improve the quality of governance for sustainable economic development.
THE COMMUNITY AND SPECIFICITY OF THE EUROPEAN FINANCIAL CONGRESS
Participants of the European Financial Congress are representatives of the governing bodies of financial institutions and enterprises, economic policy-makers as well as experts in science and consultants from Poland and abroad. (European Financial Congress in numbers)
An essential distinguishing feature of the European Financial Congress is its substantive legacy resulting from both discussions and debates held during the annual congressional meetings as well as from expert work undertaken by the Congress in between meetings in Sopot. With the involvement of pro bono experts working with the European Financial Congress:
- 78 EFC Recommendations have been developed and presented to stakeholders, many of which laid the foundation for legislative and organizational solutions,
- 33 EFC Positions presenting opinions of Polish financial market experts in international consultations have been prepared and submitted to the Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), the European Commission and European Supervisory Authorities (EBA, ESMA and EIOPA),
- 24 free EFC publications have been issued, in which over 300 authors published their articles and studies.
LET'S MEET IN SOPOT
A detailed programme of the 9th European Financial Congress is coming soon.
Come join us, share your ideas and experience, discuss and even argue, and co-author EFC Recommendations which will present constructive proposals for solving the problems and challenges emerging on the path of stable and socially responsible economic development in Poland and Europe.
COME TO SOPOT ON 3–5 JUNE.
Early Bird prices available to those who register by 31 March.