QED Conference - Restructuring the EU banking system

Speakers

Daniel Gros

Director Economic Policy, CEPS – Centre for European Policy Studies

Mr Gros is the Director of the Centre for European Policy Studies (CEPS), a post he has held since 2000. Among other current activities, he serves as adviser to the European Parliament and is a member of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB), the Bank Stakeholder Group (BSG) of the European Banking Authority (EBA) and the Euro 50 Group of eminent economists. He also acts as editor of Economie Internationale and International Finance.
In the past, Mr Gros worked at the IMF (1984-86) and at the European Commission (1989-91) as economic adviser to the Delors Committee, which developed the original plans for the Economic and Monetary Union. He has been a member of highlevel advisory bodies to the French and Belgian governments and provided strategic advice to numerous governments, including Downing Street and the White House at the highest level. From 2009-2011, he served on the Supervisory Board of Central Bank of Iceland.
Mr Gros holds a PhD. in economics from the University of Chicago, has taught at prestigious universities throughout Europe and is the author of several books and numerous contributions to scientific journals and newspapers. Since 2005, he serves as an independent member on the board of Eurizon Capital Asset Management (Milan).



Paul Chisnall

Executive Director, BBA - British Bankers' Association

Mr Chisnall’s responsibilities include banking reform, financial reporting, tax and corporate governance. Paul coordinated the industry’s response to the Turner Review and responded to the Walker review of corporate governance in UK banks.
He is currently working on the Government’s plans for restructuring UK banks following the Independent ‘Vickers’ Commission and has contributed industry views on ethical and professional standards to the UK Parliamentary Commission on Banking Standards. He sits on a number of European Banking Federation committees including its Liikanen Taskforce.



Iain Cummings

Partner, Financial Services, KPMG, UK

Mr Cummings has over twenty years’ experience working exclusively in the financial sector. He is currently part of KPMG’s regulatory advisory practice in the UK, where he is focused on large-scale change programmes driven by regulatory change. In this role, he is responsible for recovery and resolution planning services.
Recent projects have included leading KPMG’s work with a global systemic UK Bank on all aspects of their recovery and resolution planning with another on their recovery plan. He has also led recent reviews of regulatory compliance, internal audit and aspects of operational risk.
Prior to his current role, Mr Cummings was head of KPMG’s banking audit practice in the UK, working with major London-headquartered banks. He has considerable experience of working with multi-national banks, global and listed businesses. In addition, he has worked on specific assignments in the USA, Kuwait, the Netherlands and Hungary. Mr Cummings also has considerable experience of working with financial institutions on internal controls and has worked with a number of institutions on acquisitions/disposals providing due diligence and vendor assistance. He has been involved extensively in KPMG’s routine reporting to the UK FSA and ad hoc special reports to the FSA and US FED. Mr Cummings is Chairman of the Risk and Regulatory Committee of the ICAEW’s Financial Services Faculty.
Mr Cummings holds a FCA and a Bsc Jt Hons in economics and accounting.



Monique Goyens

Director General, BEUC - Bureau Européen des Unions de Consommateurs

As Director General of BEUC, Ms Goyens represents 40 independent national consumer associations in 30 European countries acting as a strong consumer voice in Brussels, ensuring that consumer’ interests are given weight in the development of policies and raising the visibility and effectiveness of the consumer movement through lobbying EU institutions and media contacts.
As a consumer expert and advocate, she is member of the EU High-level Expert Group on reforming the structure of the EU banking sector (Liikanen group) and is a delegate in the Consultative Commission on Industrial Change of the European Economic and Social Committee. She is also member of the EU High-level Group on the sustainability of the food supply chain, of the EU Ressource Efficiency Platform and is substitute member of the SEPA-Council.
In her capacity as BEUC Director General, Ms Goyens is currently EU co-chair of the Transatlantic Consumer Dialogue (TACD) a network of EU and US consumer organisations, and vice-chair of FinanceWatch, a public interest association dedicated to making finance work for the good of society. She also represents BEUC at Consumers International, the international consumer organisation.



Arlene McCarthy

MEP, Vice Chair ECON Committee, European Parliament

Ms McCarthy was elected to the European Parliament in 1994 and has been Labour MEP for North West England since 1999. She served as Chair of the Internal Market and Consumer Protection Committee from 2007 to 2009 and is currently Vice Chair of the Economic and Monetary Affairs Committee. In this role Ms McCarthy drafted and negotiated the third revision of the Capital Requirements legislation, and is currently responsible for the revision of the Market Abuse legislation and the Parliament's response to structural reform of the EU Banking Sector. Ms McCarthy was named as one of the top 100 influential women in European finance in 2010, 2011 and 2012.



Mario Nava

Acting Director, Directorate H – Financial Institutions, DG MARKT, European Commission

Mr Nava holds a first degree in economics from Bocconi University, an MA from the Université Catholique de Louvain, Belgium 1992 and a PhD in Public Finance from the London School of Economics. Since April 2011, Mr Nava has been the Acting Director of the 'Financial Institutions' directorate in the Internal Markets and Services DG of the European Commission. From 1st November 2008 he has also been Head of the 'Banking and Financial Conglomerates' unit. The unit's mission is to develop an integrated, competitive and efficient internal market in which financial institutions – banks, investment firms, financial conglomerates - and their customers can supply and demand financial services in a safe, clear and barrier-free environment. This is for the benefit of users of financial services - consumers or business - and suppliers of these services. Previously, from May 2004 to October 2009, Mr Nava was the Head of the “Financial Markets Infrastructure” Unit. This Unit is responsible for ensuring a proper conception and implementation of the regulatory environment for the post-trading area of the EU Financial Markets. From December 2007 to May 2008, he was also Acting Director for the Financial Services Policy and Financial Markets Directorate. Before this appointment Mr Nava has been a member of the Group of Policy Advisers of the EU Commission President, Prof. Romano Prodi (01-04). Within the Group he was responsible for economic matters in general and in particular the EU budget and economic policy coordination between the Member States. Prior to joining the Group of Policy Advisers, Mr Nava worked first for the Commission's Taxation Department (94-96), then for the Budget Department (96-00), and then in the Cabinet of the Competition Commissioner, Prof. Mario Monti (00-01). Alongside his work at the Commission Mr Nava is active in research and teaching. Since 1998 he has been visiting professor at Milan's Bocconi University and a member of the Economic Faculty of ISPI, Milan (Diplomatic School of the Italian Ministry of Foreign Affairs) and occasional lecturer in many universities across Europe. From 1995 to 1999 he was visiting professor at the Universidad de Belgrano (Buenos Aires) and the Universidad de Cuyo (Mendoza). From 1993 to 1994 he was junior professor at the London School of Economics and visiting professor at the State University of Moscow and St. Petersburg (Russia).