In the context of the Jean Monnet Chaire "European Financial and Banking Integration" , the research centre ‘Financial and Accounting Policy’ of ESCEM
May 25, 26 2007 at the European University Institute of Florence a conference whose subject is: Financial Institutions, markets and ethics: Mixed approaches in the European context
Context and aims
Banking systems and financial markets are essential elements for financing for firms. The rapid transmission of information, the inter-connexion of financial markets, the large number of investors (financiers and/or non financiers) have led to an increased proportion of speculative investments for specialized institutions, individual investors and private companies. Hence, questions relative to risk control have been among the most outspoken demands of investors who are pressuring public representatives to take action. Recent financial scandals in Europe, in the United States and in Japan, the successive crises in the world underscore the problem. Current regulation is reactive to market fluctuations, but is unable to be proactive in recognizing eventual factors of instability.
The purpose of the conference is to consider how market regulation institutions can deal with problems for which there is no current regulation, and to be able to do this as rapidly as possible. It will also seek to analyze the correlation that could exist between finance, ethics and economic approach. Today it is fashionable to believe that by analyzing the correlation between finance, ethics and economics that one is better able to anticipate market needs.
This colloquium will then consider whether this is true or whether it is simply in style to believe so. What are the main effects of the new regulation whose aim is to improve the quality of financial information? What are the expectations of operators as regards transparency on the market? How can financial theory integrate these new considerations?
Core subjects
1. Unification of European banking systems: Since the recent adhesion of the ten new
member states within the European Union much discussion has taken place concerning
banking policy unification. Many have said that the new entrants have a reputation of
being less safe and efficient than their European counterparts. The level of
convergence of financial systems reinforces this interrogation. What are the stability criteria retained for European banking systems? How can Europe improve the actual rules? What will be the foundation of these new financial regulations? Who will the decision and policy makers be and who will they represent? What importance does the law play in construction the new rules?
2. Governance and financing of enterprises: How to understand and manage, in regional, national and European contexts, the effects of financial intermediation of the world economy? Have the increasing place of financial markets and the relative decreasing role of credit banking as regards the financing of productive investment had an important impact on the corporate governance of firms? Could Europe lead the
renewal of banking regulation sector in this paradigm?
3. Regulation, Financial Products and Banking Systems: What are the tools used to
understand, manage and prevent the crises provoked by an always increasing
prevalence of financial logic in our societies? Does Europe, in proposing new forms of regulation, follow the international trend or does it wish to build up more specific rules more efficient for its construction?
4. Investment, profits and ethics: Does past experience enable us to imagine the
transition to a more social and responsible form of capitalism? How to define the
social responsibility of financial institutions, enterprises, and regulation organisms? How can we anticipate and measure the changes induced by this new trend?
Format of the communications and schedule
• Propositions must be sent by email to the secretary of the conference before
October 15 2006. Each contribution must include a title, the names and affiliations of contributors, a list of 5 key words and a summary of 2 pages maximum in French or in English.
• The decision of scientific committee will be given to the authors by November 13
2006.
• Full articles written in French or in English, are expected at the research secretary of ESCEM by February 5 (15 pages, 30 0000 characters au maximum). They will include a summary on the first page and complete affiliation of the contributors.
Organisation Committee Scientific Committee
E. Paulet Ingrid Gröeβl (Hamburger Universität)
F. Relano Peter Hertner (Halle Universität)
C. Saint Amaux Nadine Levratto (CNRS - Ecole Normale Supérieure de Cachan)
S. Raby-Hastings Nikolay Nenovsky (Bulgarian Central Bank)
V. Coppini Elisabeth Paulet (Ecole Supérieure de Commerce Et de Management)
V. Giardina Yvon Pecqueux (Centre National des Arts et Métiers)
Francesc Relano (Ecole Supérieure de Commerce Et de Management)
Contact
Secrétariat de la recherche de l’ESC Tours-Poitiers
Sylvie RABY-HASTINGS
℡: 05.49.60.53. 08
11, rue de l’Ancienne Comédie, BP 5,
86001 Poitiers cedex
Email : sraby-hastings@ escem.fr
[sursa euroconferinte]
