You can download the full delegate programme here.
THURSDAY 19th April
18:00 ����� 19:45
University of Edinburgh’s George Square Lecture Theatre
|CARNEGIE CHALLENGE DEBATE|
Welcome: Vice Principle Charlie Jeffery, Head of School of Social and Political Science
FRIDAY 20th April
09:30 – 17:30
Appleton Tower, 11 Crichton Street, Newington, Edinburgh EH8 9LE
|Why Banking Matters|
|09:30||Beth Stratford, Sustainable Economics Campaigner, Friends of the Earth Scotland
Welcome and Introduction
|09:35||Josh Ryan Collins, Senior Researcher at the New Economics Foundation and co-author of ���Where does money come from?”
An overview of the banking system, and its influence on growth and financial instability
|10:00||Ben Dyson, Founder of Positive Money
What does the current banking system mean for debt, inequality, jobs, businesses, taxes and housing?
|10:25||Mary Mellor, Emeritus Professor at Northumbria University and author of ���������������The Future of Money: from financial crisis to pubic resource”
What does the current banking system mean for sustainability?
|10:50||Dr Katherine Trebeck, Research and Policy Advisor, Oxfam
What does the current banking system mean for the poorest, both in the UK and abroad: a look at financial exclusion and commodity price speculation.
|11:05||TEA / COFFEE|
|How Banking Could be better|
|11:25||Huw Davies, Head of Personal Banking at Triodos
A view from ethical bank Triodos on the power that money has and the role it can play in society and economy, depending on the choices that are made by individuals and institutions. How we can mobilise savers, overcome lethargy, and put funds to constructive use in an age of budget reductions.
|11:35||Prof Richard Werner, Director of the Centre for Banking, Finance and Sustainable Development, University of Southampton, author of “New Paradigm in Macroeconomics” and the 1995 proposal for ‘quantitative easing’ in Japan.
The case for localised banking
|12:00||Ann Pettifor, Policy Research in Macro Economics, activist and author of “The Coming First world Debt Crisis”
Making finance the servant not the master of the people
|12:25||Prof Steve Keen, author of “Debunking Economics��� and Professor of Economics & Finance at the University of Western Sydney
Why banks cause crises, and how to stop them
|12:50||Q and A chaired by Journalist and broadcaster Ian Fraser|
|13:25||Beth Stratford, Sustainable Economics Campaigner, Friends of the Earth Scotland
Explain format for afternoon
|PARALLEL SEMINAR SESSIONS|
|14:30||1) Relocalising and revitalizing our high street banks
A sustainable, inclusive and vibrant local economy needs a financial service sector that is responsive to local needs – that can support small businesses and social enterprises, and that can provide basic banking facilities to all, regardless of income, literacy and ethnic background. But have our banks become too consolidated to play that role?
Britain has five banks that account for 90% of personal banking. Compare this to Germany, which has hundreds of local savings banks and credit unions accounting for 70% of banking. The UK has just 170 bank branches per million inhabitants, compared to 480 in Germany, and 1010 in Spain.
Is there a case for forcibly breaking up the banks? For creating a new network of Post Banks? For a ‘universal service obligation’ which would mandate the affordable provision of basic accounts to all individuals?
|2) Finance as a force for good
How can governments intervene in the banking sector to channel finance away from environmentally destructive industries and destabilizing speculative activity, and towards projects with real environmental and social value?
How can we stop speculators pushing up food prices? How can we change the system of incentives that encourage destabilizing and risky behaviour?
Is banking sector intervention enough? What about the pensions funds & the insurance companies that act as if the long-term doesn’t matter? Is it realistic to expect similar government intervention in these high-impact sectors or are there other alternative/complementary answers to dysfunctional markets?
|3) Challenging the power of the bank lobby
In 2010, city money made up over 50% of all Conservative Party donations. Current transparency measures do not enable public scrutiny of lobbying. Finance Watch estimates that the amount spent on financial lobbying in Brussels is over €300m. What can we do to tackle the power of the banking lobby?
|4) Fresh thinking on finance, money and debt
This is the session for really thinking outside of the box, and discussing alternative models for money-creation and investment, that would fundamentally transform the role of banks in the economy.
Through its privileged role in creating and allocating 97% of the money in circulation, the banking sector wields enormous power over both the health and direction of our economy. Should banks retain the power to create and allocate debt-money? Or should we move the power to create money into the hands of a transparent and accountable body? What might be the role for complementary currencies?
Are interest-bearing bank loans a necessary or desirable model for financing projects with social and environmental value? What about shared equity-based investment models, and peer-to-peer finance?
Prof Richard Werner
Dr William Dinan
Prof Molly Scott Cato
|15:40||TEA / COFFEE
Ideas from seminars displayed on boards
|16:00||PANEL DISCUSSION ����� Where next?
A chance to reflect on all the proposals that have been presented during the course of the conference; consider what our focus should be, as campaigners and policy-makers; outline our vision for the UK’s and for Scotland’s banking sector; and consider whether the desired changes require independence, or greater devolution?
Chaired by: Lesley Riddoch, broadcaster, journalist and commentator
|17:25||Beth Stratford, Sustainable Economics Campaigner, Friends of the Earth Scotland
Thanks; request for feedback forms; directions to pub