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Future of Financial Services Summit 2013 - live broadcast #rebuildtrust
15 Apr 2013

The purpose of the Summit is to bring together 100 City leaders and other key stakeholders to examine how to restore trust in the financial services sector and forge a new settlement with wider society. 

Participants include: Andrew Bailey, Deputy Governor of the Bank of England and Chief Executive, Prudential Regulation Authority; Chuka Umunna MP, Shadow Business Secretary; Ashok Vaswani, CEO, Retail and Business Banking, Barclays; Saker Nusseibeh, Chief Executive Officer, Hermes; Richard Sexton, Reputation and Policy, PwC; Mike Cherry, National Policy Chairman, FSB;Jane Archer, Policy Director, London First; Paul Sizeland, Director of Economic Development, City of London Corporation; Patrick Jenkins, Banking Editor, Financial Times; Chris Cummings, Chief Executive, TheCityUK and Richard Sermon, Chair, City Values Forum.

Key issues to be addressed include: How does the City restore trust, integrity and enhance its reputation? What reforms, policy remedies and actions are needed by business leaders in the financial services sector in order to achieve this? How can business leaders change the culture within their organisations to one that will result in higher levels of trust? What values should underpin the financial services sector of the future? What would constitute ‘a new settlement’ between the financial sector and wider society? What steps do we need to take to get there? What is the purpose of the financial services sector in today’s society?

Programme
13:00
Kirsty Lang, Presenter, BBC World Service
Welcome and introduction by the summit chair

13:02
Chuka Umunna MP, Shadow Business Secretary, HM Opposition
Opening keynote speaker overview of rebuilding trust and forging a new settlement

13:12
Voices from the industry: how do business leaders rebuild trust and lead culture change?
Ashok Vaswani, CEO Retail & Business Banking, Barclays;
Saker Nusseibeh, Chief Executive Officer, Hermes;
Richard Sexton, Reputation & Policy, PwC;
Howard Miller, Director of Policy and Public Affairs, TheCityUK.

What's on now:
13:40
Audience response, questions and discussion
14:11
Andrew Bailey, Chief Executive, Prudential Regulation Authority
Expert keynote address: the perspective of policy-makers, the regulator and the Central Bank

14:25
Expert keynote address: the global perspective
Yosuke Kawakami, Minister for Financial Affairs, Embassy of Japan

14:35
Expert Keynote Address: the public/consumer perspective
Patrick Jenkins, Banking Editor, Financial Times;
Christine Farnish, Chair, Consumer Focus.

14:51
Expert keynote address: the business perspective
Mike Cherry, National Policy Chairman, FSB;
Jane Archer, Policy Director, London First.

15:50
David Pitt-Watson, Executive Fellow, London Business School
16:10
Ashok Vaswani, CEO Retail & Business Banking, Barclays Voice from Industry
16:15
Saker Nusseibeh, Chief Executive Officer, Hermes Voice from Industry
16:20
Richard Sexton, Reputation & Policy, PwC Voice from Industry
16:25
Howard Miller, Director of Policy and Public Affairs, TheCityUK Voice from Industry
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