6. Mai 2021

Veranstaltung

2nd DIW Women’s Finance Summit
The Future of Financial Services – Digitization, Sustainability and Post-Pandemic Growth Models

Termin

6. Mai 2021
1.00 p.m. - 6.15 p.m.

Ort

Online-Event

SprecherInnen

Jill Ader, Megan Butler, Mary Erdoes, Sir Douglas Flint CBE, Franziska Giffey, Peter Grauer, Ulrike Hoffmann-Burchardi, Charlotte Hogg, Sabine Keller-Busse, Elke König, Sabine Lautenschläger, Christiana Riley, Isabel Schnabel, Brenda Trenowden CBE, Axel A. Weber, Moderator: Gillian Tett, Marcel Fratzscher

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

Time Description
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 Fratzscher

Franziska 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?
Accelerated by the pandemic, the financial services industry is on the threshold of a far-reaching structural transformation. The future of banking will look very different from today. The digital transformation is about much more than just cost savings: it is changing the way banks work and how they communicate with clients, it enables new business models, facilitates the market entry of new competitors, and changes customer expectations. New technologies lower barriers to market entry, reduce marginal costs and thus make market size an increasingly important factor. This panel will discuss how digitization is changing the global financial industry, highlight opportunities and risks, and identify successful strategies to cope with these challenges.

Christiana Riley
, CEO Americas and Management Board Member, Deutsche Bank
Charlotte Hogg, CEO Europe, Visa
Elke König, Chair, Single Resolution Board
Sabine Keller-Busse, President Personal & Corporate Banking and President UBS Switzerland, Group COO

3:00 – 3:15 p.m.

Break

3:15 – 4:15 p.m.

Panel 2 moderated by Francine Lacqua, Bloomberg

Post-pandemic growth models and the need for increased sustainability
The pandemic has reinforced existing trends and created new challenges. It is accelerating changes in consumer behavior and the workplace, and it is further increasing inequality and polarization in society and politics. The massive fiscal response to the pandemic has a profound impact on the role of government and the public's expectations of it, and the unprecedented monetary policy response has a powerful influence on financial markets. In addition, the pandemic demonstrated that the world was unprepared for a risk that was known in principle before it actually occurred and highlighted the urgency of preventive action against other known risks, many of which fall within the realm of ESG, particularly climate change. The panel will discuss the problems and opportunities these trends present for the financial industry.

Mary Erdoes
, CEO Asset and Wealth Management, JP Morgan
Sabine Lautenschläger, former member of the Executive Board, ECB; non-executive
Board member of the Financial Services Volunteer Corps
Isabel Schnabel, Member of the Executive Board, European Central Bank
Ulrike Hoffmann-Burchardi, Senior Portfolio Manager, Managing Director, Tudor Investment Corporation

4:15 – 4:30 p.m.

Break

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.


Jill Ader, Chair, Egon Zehnder
Megan Butler, Executive Director for Transformation, UK Financial Conduct Authority
Peter Grauer, Chairman, Bloomberg
Sir Douglas Flint CBE, Chairman, Standard Life Aberdeen

5:30 – 6:00 p.m.

Keynote Address and Discussion moderated by Axel A. Weber
Brenda Trenowden CBE,
Partner, PwC UK and Global Co-Chair 30% Club

6:00 – 6:15 p.m

Closing Remarks

Marcel Fratzscher, President of DIW Berlin

Moderator Francine Lacqua, Bloomberg and Gillian Tett, Financial Times

Please register here...

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Themen: Finanzmärkte , Gender

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