After failing to fully recover from the last financial crisis, the pandemic poses major new challenges for banks. However, this time, banks are not the problem, but part of the solution. By providing credit to the economy, banks play a crucial role in fighting the pandemic by ensuring the transmission of fiscal and monetary stimulus to the economy. Nevertheless, banks are not among the winners of the pandemic, suffering from a drop in interest rates and from increased provisions for non-performing loans.
In addition, the financial sector is still undergoing a profound transformation process. The regulatory environment remains a headwind for financial institutions, and new technologies are changing the rules of the game. Populism and political and geopolitical uncertainties create additional challenges, curtailing investment and risk-taking. Finally, the ever-increasing focus for investors and corporations alike on topics around ESG – environmental, social and governance – and sustainability brings with it a whole new set of challenges and opportunities that need to be navigated. An important element in successfully tackling these challenges is a healthy corporate culture that allows for the necessary change to happen – including an increase in female representation and a better gender balance in corporate board rooms.
This conference will present an outlook on these developments and their implications for the financial services industry and economies at large, primarily presented by leading female exponents of the financial services industry as well as key public authorities.
Jill Ader, Chair, Egon Zehnder
Megan Butler, Executive Director for Transformation, UK Financial Conduct Authority
Mary Erdoes, CEO Asset and Wealth Management, JP Morgan
Sir Douglas Flint CBE, Chairman, Standard Life Aberdeen
Marcel Fratzscher, President of DIW Berlin
Franziska Giffey, Minister for Family Affairs, Senior Citizens, Women and Youth; Federal Government of the Federal Republic of Germany
Peter Grauer, Chairman, Bloomberg
Ulrike Hoffmann-Burchardi, Senior Portfolio Manager, Managing Director, Tudor Investment Corporation
Charlotte Hogg, CEO Europe, Visa
Sabine Keller-Busse, President Personal & Corporate Banking and President UBS Switzerland, Group COO
Elke König, Chair, Single Resolution Board
Sabine Lautenschläger, former member of the Executive Board, ECB; non-executive Board member of the Financial Services Volunteer Corps
Sigrid Nikutta, Chairwoman of the Board of Trustees of DIW BerlinMember of the Management Board for Freight Transport; Deutsche Bahn AG
Christiana Riley, CEO Americas and Management Board Member, Deutsche Bank
Isabel Schnabel, Member of the Executive Board, European Central Bank
Brenda Trenowden CBE, Partner, PwC UK and Global Co-Chair 30% Club
Axel A. Weber, Former Chairman of the Board of Trustees of DIW Berlin; Chairman of the Board of Directors, Institute of International Finance (IIF) and UBS Group
|1:00 – 1:15 p.m.||Welcome Note Sigrid Nikutta, Chairwoman of the Board of Trustees of DIW Berlin; Member of the Management Board for Freight Transport; Deutsche Bahn AG|
|1:15 – 1:30 p.m.||Welcome Discussion with Francine Lacqua, Bloomberg, and Axel A. Weber, former Chairman of the Board of Trustees of DIW Berlin; Chairman of the Board of Directors, Institute of International Finance (IIF) and UBS Group|
|1:30 – 2:00 p.m.||
Keynote Address and Discussion moderated by Marcel FratzscherFranziska Giffey, Minister for Family Affairs, Senior Citizens, Women and Youth; Federal Government of the Federal Republic of Germany
|2:00 – 3:00 p.m.||
Panel 1 moderated by Gillian Tett, Financial Times
The Changing Global Financial Industry – How to Survive in an Age of Digital Disruption?
|3:00 – 3:15 p.m.||
|3:15 – 4:15 p.m.||
Panel 2 moderated by Francine Lacqua, Bloomberg
Post-pandemic growth models and the need for increased sustainability
|4:15 – 4:30 p.m.||
|4:30 – 5:30 p.m.||
Panel 3 moderated by Francine Lacqua, Bloomberg
The Gender Issue – How Will Women's Role in Global Finance Evolve and Why Do We Still Need to Talk About This?
While the financial services industry has been making some progress on gender diversity since the first DIW Women’s Finance Summit in 2017, other economic sectors have progressed faster. In the financial services industry, there are still large gender gaps to close– be it representation of women on executive committees or on boards, equal pay or funding of companies with a female CEO. Moreover, the COVID-19 pandemic has affected men and women gender differently and as it has increased the household burden on families and women in particular. Both individual firms and the industry as a whole as well as supervisors and shareholders have a responsibility and opportunity to drive better returns through diversity and inclusion and to improve gender equality in society more broadly. The panel will discuss these topics, opportunities to overcome hurdles and ways to create an industry in which women have equal access to opportunity, leadership and positive outcomes.
|5:30 – 6:00 p.m.||
Keynote Address and Discussion moderated by Axel A. Weber
|6:00 – 6:15 p.m||
Marcel Fratzscher, President of DIW Berlin
|Moderator||Francine Lacqua, Bloomberg and Gillian Tett, Financial Times|