44th OeNB Economic Conference "The Financial System of the Future"
Modern economies need a functioning financial system. The financial system has in principle four main functions: Providing a system for making payments, matching borrowers and lenders, enable people to manage their personal finances across their lifetimes and between generations and the sharing and management of risk. Despite a long list of reforms implemented in 2010 including enhanced capital requirements for banks, new bank resolution legislation and centralizing derivatives markets there is an ongoing debate about the question whether the financial System today is fit for the future. Critics claim that it looks today still very similar to before the financial crises has started in 2007. Is the financial system fit for the future? Will its current structure allow it to fulfil its main functions? Do we need further structural change? If so, what kind of change? Is tighter bank regulation, an increasing role for shadow banking and the EU’s project of capital market union the way forward, what opportunities and potential risks does this involve? How will technological developments like Fintech and digital money shape the future financial system? (by invitation only)
|Event dates:||2017-05-29 – 2017-05-30|
|Organizer:||European Money and Finance Forum SUERF (Société Universitaire Européenne de Recherches Financières) Oesterreichische Nationalbank OeNB, Austria|
|Conference venue:||Vienna, Vienna Marriott Hotel, Parkring 12a|
|Classification:||G1 - General Financial Markets ; G2 - Financial Institutions and Services|
|Event type:||Konferenzen, Tagungen; Conferences|