| Time Slot |
Event |
Speakers |
| 12:00 |
Registration
Followed by light lunch |
|
| 13:30 |
Introduction from the Chair |
Pat Farrell, Chief Executive, Irish Bankers Federation |
| 13:35 |
The importance of financial services to Ireland |
Opening address by Brian Cowen, Minister for Finance |
| 14:00 |
Financial regulation in Europe in the context of the Lisbon Agenda
- The role of regulation in deepening capital markets, lowering costs, and widening choice
- The dangers and pitfalls of over-regulating
- Ireland's financial services business in a more open Europe
(Video of speech recorded earlier at 8.00 a.m. in Conference Centre) |
Charlie McCreevy, Commissioner for the Internal Market, European Commission |
| 14:30 |
International tax competition, Ireland's position, and the EU financial services industry
- The benefits of tax competition, which exists when people can reduce tax burdens by shifting capital and/or labor from high-tax jurisdictions to low-tax jurisdictions
- Governments' opposition to tax competition and how they seek to reduce or eliminate competition
- Why such opposition is fundamentally inconsistent with good tax policy
- Why protecting and preserving the right to engage in tax competition should be a key goal for economic policymakers
- Tax competition as a liberalising force in the global economy: Ireland in context |
Daniel J Mitchell, McKenna Senior Fellow in Political Economy, Heritage Foundation |
| 14:55 |
The EU's Financial Services Action Plan (FSAP)
-The FSAP debate, the internal markets, and banking in Ireland
- Post-FSAP debate
- The success of the FSAP and the internal market
- A view of the Lamfalussy process and its impact on legislative and regulatory structures
- Effect on Ireland as a financial services centre |
Enda Twomey, Deputy Chief Executive, Irish Bankers’ Federation |
| 15:15 |
Coffee |
|
| 15:35 |
The international and EU agenda with regard to tax and financial services regulation
- Ireland has benefited from tax and regulatory competition, how can this be promoted?
- Promoting the IFSC case in Europe - the City has Teresa Villiers, now it has two Irish MEPs on the European Parliament's Monetary Affairs Committee
- What is on ECON'S agenda - including the proposal to regulate hedge funds? |
Gay Mitchell, Member, European Parliament |
| 15:55 |
Case study: The Hartford's Irish hub for its European operations
- Facing the global retirement crises
- The developed world is facing an impending retirement crises brought about by a number of factors
- Hartford Life International's vision is to be the premier provider of savings, wealth creation and financial protection solutions in significant European, Asian, Pacific Rim and South American markets
- Hartford Life International has established the hub for its European operations in Ireland
- With its common currency and tax structure, the Ireland office will in time serve as the base for potential future expansion into other European Union countries
- However, Hartford Life International is focused on achieving critical mass in the UK before considering future European expansion targets
- The UK market represents 12 per cent of the world's life insurance and pension markets
- With an aging population and considerable pressure on public and private pension systems, citizens of the UK will have to take more responsibility for their retirements |
Gregory A Boyko, Chief Executive Officer, Hartford Life International, Ltd |
| 16:15 |
Europe, Ireland, the EU Single Market and Ireland's opportunities in funds and other financial services
- Investment management - a progressive element of the Single Market for financial services
- A key role for efficient capital markets
- Towards an integrated retail market?
- Do we need a further push towards market integration?
- The position of the industry |
Wolfgang Mansfeld, President, European Fund and Asset Management Association |
| 16:35 |
Harmonisation of Europe's securities markets - the challenges for Ireland
- Clearing and settlement - market participants take the lead
- The changing exchange landscape
- Ireland's positioning. |
Brian Healy, Director of Trading and Regulation, Irish Stock Exchange |
| 16:55 |
The risk based approach to anti money laundering - its strengths and weaknesses
- What are the main changes delivered in the 3rd EU Directive?
- How does the Republic stand against other current international standards?
- Is a prescriptive approach likely to reduce corporate compliance risk?
- How can technology be harnessed to help?
- Is the European playing field level? |
John C Bourbon, CEO of Regulatory Affairs, KYCOS, Ltd, and former Managing Director of the Cayman Islands Monetary Authority |
| 17:15 |
Reception |
|
