Between late summer 2007 and early 2009, the global financial system suffered its worst crisis for at least 70 years and, in some respects, since the emergence of modern industrial capitalism some 200 years ago. While the immediate economic threat has been mitigated by the prompt and widespread action undertaken by governments across the world, regulators are still working on their detailed proposals for preventing a recurrence of the problems of the recent past - excessive leverage, the massive scale of trading activity and the arguably inordinate complexity of financial innovation.
There is widespread consensus on the key elements of the regulatory response - more capital and liquidity in the banking system, and, in particular, a system of capital requirements that is counter-cyclical in nature and more onerous in respect of certain trading activities. There is also common agreement that it is no longer sufficient to rely on micro supervision of individual firms, but rather regulators need to focus on the health of the system as a whole - an approach known as macro supervision. This reflects a recognition that the doctrine of rational markets cannot necessarily be relied on.
This highly topical European Banking Roundtable brings together a speaker faculty of quite outstanding quality to discuss the future shape of banking regulation in Europe. It includes keynote addresses from Jacques de Larosiére and Sir Win Bischoff, as well as presentations given by senior representatives from the FSA, the European Commission, the Bank of England, HM Treasury, the Federal Reserve Bank and the Committee of European Bank Supervisors. We are also very pleased that the Conservative Party has agreed to share its blueprint for the future of financial regulation.
£595
$983
€691 
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