Programme

The Reinvention of Global Banking: Withstanding Challenges, Seizing Opportunities

DYNAMICS OF THE GLOBAL ECONOMY
Panel Session
Congress Centre, Conference Hall D3

The forces reshaping global banking such as regulatory reform, artificial intelligence and big data, the growth in ‘shadow banking’, a decrease in cross-border financial activity, subdued growth of international trade, and new risk factors are compelling finance leaders to question yet again the optimum model for global banking. How are both developed economy and emerging market institutions responding to the rapidly changing environment and what are the priority issues confronting banking institutions? How might these trends impact human capital, customer relations, and risk management systems? What should a sound, modern global bank look like in the next decade, and how big a transformation is needed to get there? What new opportunities might arise for emerging market institutions, in particular Russian and Asian banks?

Moderator:
John Defterios , Emerging Markets Editor, CNN

Panellists
Lionel Barber , Editor, The Financial Times
Hans-Paul Buerkner , Chairman, The Boston Consulting Group
Andrey Kostin , President, Chairman of the Management Board, Member of the Supervisory Council, Member of the Strategy and Corporate Governance Committee, VTB Bank
James С. Cowles , Chief Executive Officer Europe, Middle East and Africa (EMEA), Citigroup Inc.
Daniel Pinto , Chief Executive Officer, Corporate and Investment Bank, JPMorgan Chase & Co.
Philipp Roesler , Member of the Managing Board, Head of Regional and Government Engagement, World Economic Forum
Frederic Oudea , President, European Banking Federation; Chief Executive Officer, Société Générale


Brett King , Founder, Chief Executive Officer, Movencorp Inc.
Bill Schlich , Global Banking & Capital Markets Leader, EY

Broadcast

Key moments

Generally speaking, the economic situation in spite of all its uncertainties including oil prices allows us to think that the conditions for the banking sector shall be positive.
Andrey Kostin
President, Chairman of the Management Board, Member of the Supervisory Council, Member of the Strategy and Corporate Governance Committee, VTB Bank
Today everyone understands that only those banks that implement Big Data and other new technologies which meet the clients’ needs shall take advantage and survive.
Andrey Kostin
President, Chairman of the Management Board, Member of the Supervisory Council, Member of the Strategy and Corporate Governance Committee, VTB Bank
Brexit is the most complicated divorce in history.
Lionel Barber
Editor, The Financial Times
The banking industry will be the one most digitised.
Hans-Paul Buerkner
Chairman, The Boston Consulting Group
I think in the beginning of 2018, we will have an extraordinary window of opportunity to think strategically about the financial services in the Eurozone.
Frederic Oudea
President, European Banking Federation; Chief Executive Officer, Société Générale
We all have to improve our own businesses [...] we think it is a way to break down the expenses, eliminate pain points for our clients and come up with new solutions.
James С. Cowles
Chief Executive Officer Europe, Middle East and Africa (EMEA), Citigroup Inc.
Probably it will take 5 to 10 years until we see the full effect of the decisions that the UK is making today.
Daniel Pinto
Chief Executive Officer, Corporate and Investment Bank, JPMorgan Chase & Co.