program

"Accelerated Changes in International Finance" :

08:00 a.m.		REGISTRATION

09:00 a.m.		OPENING and WELCOME ADDRESS
		Fernand Grulms CEO, Luxembourg for Finance

09:05 a.m.		INTRODUCTION
		Klaus Regling CEO, European Financial Stability Facility

09:15 a.m.		KEYNOTE SPEECH
		The Global Economic Crisis: The Role of the Financial Community in Leading The Way To A Third Industrial Revolution
		M. Jeremy Rifkin – President of the Foundation on Economic Trends

10:45 a.m.		COFFEE BREAK

11:15 a.m.		PANEL I
		Post Crisis Financial Markets : Towards a Level-Playing Field ?

		The G8 and G20 have called for new rules to protect the global economy from the impact of financial defaults. They incorporate tighter control of the banking industry, including stronger capital requirements; demands for clarification of complex financial instruments; a possible tax on financial flows and benefits and the setting up of new foundations for the monetary system. The European Union and the US, among others, have taken steps to implement new regulatory measures. However, the degree of involvement may be very different from one country to another. Will the call for regulation post-crisis be sufficient to harmonise rules internationally ? Is a level- playing field reachable in the decade to come ? Will financial markets be more accessible ?

		Moderator : Axel THRELFALL – Anchor on Reuters Insider

		confirmed speakers:
		- Jean Guill - Director General of the « Commission de surveillance du secteur financier » Luxembourg - Douglas J. Elliott - Fellow in Economic Studies at The Brookings Institution - Nicolas Véron - Senior Fellow, Bruegel, Brussels - Adam Farkas - Executive Director of the European Banking Authority

		Questions & Answers

12:15 p.m.		LUNCH

14:00 a.m.		PANEL II
		Emerging Financial Markets

		In the last two decades, emerging economies have not only become serious players in the world economy but have also made their mark in the financial sphere. Over the past ten years, the “BRIC” group (Brazil, Russia, India, China) has grown from one-sixth of the world economy to almost a quarter. Emerging economies are also recovering quickly from crises, thanks to strong government policies and cooperation with international financial institutions. Their diplomatic voices find an echo in international institutions such as the IMF and the WTO. In the aftermath of the recent financial crisis, traditional perspectives of risk vs. gain, associated with emerging economies and advanced economies are changing. Goldman Sachs, the company that coined the term “BRIC” in 2001, is considering calling the next decade the “BRIC decade”. Will emerging economies continue to yield solid returns ? What is their weight in global investment flows today ? How do they structure their financial systems ? How do their behaviour and policies transform financial markets ? What are the ties between emerging markets, in the view of stock exchange consolidations ?

		Moderator : Pierre LEYERS Financial Editor, Luxemburger Wort

		confirmed speakers:
		- Linda YUEH - Economist, broadcaster and author - Stephany GRIFFITH JONES - Financial markets program Director at Columbia University - Eduardo LEVY YEYATI - Profesor of Economics, Universidad Torcuato Di Tella, Buenos Aires, and a former chief economist of the Central Bank of Argentina. - John H. VOGEL - Partner at Patton Boggs LLP and specialist in Islamic Finance - Lena Komileva - Global Head of G10 Strategy - Brown Brothers Harriman

		Questions & Answers

03:00 p.m.		DIALOGUE
		Ideas for a Balanced International Financial System
		Jean-Claude Juncker - Prime Minister
		Peer Steinbrück - Member of the German Parliament and Former Minister of Finance

		Moderator Dr. Detlef Fechtner - EU Correspondent, Börsen-Zeitung

04:00 p.m.		RECEPTION offered by the City of Luxembourg

04:30 p.m.		End of the sixth Luxembourg Financial Forum