Market for Retail Financial Services Development Integration and Economic Effects, 20-21st Oct 2008

 

 

The Market for Retail Financial Services Development Integration and Economic Effects, 20-21st Oct 2008 would be held at the Czech National Bank, Prague. It is being organized by the European Central Bank, Czech National Bank and the Center for Financial Studies. This would be the ECB-CFS network’s 11th conference. This conference aims at providing the best possible research at the international level. The issues under scrutiny would be the development of the retail financial services market. This conference is also supposed to look at the integration of the said markets in the European Union area. The role that the development of the retail financial markets can play in the context of the overall efficiency of the economic and financial scenario of the area would also be looked at.

The Market for Retail Financial Services Development Integration and Economic Effects conference also looks at providing a platform for debating about the various aspects of these issues within the participants of the retail financial services market. The researchers and the policy makers are supposed to be part of the entire exercise as well. The empirical, theoretical and policy-oriented research material that is found to be relevant would be included in the conference as well.

The major speakers in the Market for Retail Financial Services Development Integration and Economic Effects are Andreas Treichi, Zdenek Tuma, Professor Roman Inderst and Gertrude Tumpel-Gugerell. Zdenek. Tuma is the Governor of the Czech National Bank, Gertrude Tumpel-Gugerell is the Executive Board Member of the European Central Bank and Andreas Treichi is the Chief Executive Officer of the Erste Bank. Professor Roman Inderst is from the University of Frankfurt.

There are also plans of having a policy panel that would focus on aspects of consolidation of the banking supervision processes. It is supposed to be led by Lucas Papademos, who is the Vice President of the European Central Bank.

The main topics that are supposed to be discussed in the Market for Retail Financial Services Development Integration and Economic Effects conference are the evolution of retail finance, real effects of retail financial services and financial retail services integration and regulation. In the topic of the evolution of retail finance the topics that would be covered are trends in retail banking, trends in start-up financing business, trends in retail payments, mortgage market, trends in mutual funds, development and stability, trends in insurance, retail finance in Central, South-Eastern and Eastern Europe and trends in venture capital. All these aspects would be studied in the European context.

In the financial retail services integration and regulation section the following issues would be dealt with – role in laws, co ordinations of laws and regulations and roles in regulations. These issues would be discussed from the context of Europe. Issues like language barriers, diversion in rules and taxation and culture would be looked at from the point of view of being major problems in the consolidation of the retail markets in Europe. The activities across borders in various retail financial services would also be touched upon in this case.

In the real effects of retail financial services section issues like retail finance, impact of retail banking on nation and community, consumer credit, unemployment, growth of retail financial services, inequality, venture capital, economic development and innovation and dynamics of the industry would be dealt with.