Online symposium using interactive Zoom.
Tuesday, November 10th, from 6pm until 8pm, AEDT
Primarily for people in Australia, but others welcome too!
If you are ready to book your place, use the button below;
Otherwise read on for further details…
For any queries please contact us.
Sponsorship opportunities available – please get in touch
Executive Summary; scroll down for the speakers and to make bookings
This symposium is all about galvanising support for the positive, progressive and purposeful finance reform that is so desperately needed.
If you believe there is scope for the financial services sector in Australia to serve society better, then this is an event for you.
If you know about problems around market conduct that need fixing then, please do all you can to participate – we want to hear from you.
Furthermore, if you have ideas about what can be done to make a positive difference, then it’s vital you get involved. We know there are many great ideas that can help drive the transformational change that is desperately needed; and we want to shine a big bright light on those ideas.
There are many important questions that need to be discussed and our events are all about creating a forum where people can “tell it as it is” and be heard, not ignored.
Questions such as:
- Do the financial regulators in Australia have sufficient powers to properly govern the sector?
- If they do have sufficient powers, are those powers being used effectively?
- If not, is regulatory capture a factor?
- Are vested interests getting in the way of consumers getting good outcomes?
- Are positive innovations being ignored, because they challenge vested interests and the status quo?
- Are the public finding it easy to get the information they need to make well-informed decisions?
- Are class actions having to fill the void created by ineffective regulatory enforcement?
- Are the fiduciary standard and best interest rules working as intended?
- Is the financial services sector in Australia serving society as it should?
- Has the Friedmanite idea of “maximising profit in the short term” spoiled the culture in financial services?
- What are the underlying forces driving poor market conduct?
- Is the regulatory framework in Australia working as it should? – if not, what can be done?
- Should there be a “Financial Consumers Bill of Rights?”
These are the types of questions and issues that impact the public’s perceptions of the financial services sector, which has been riddled with various types of malpractice, malfeasance, misconduct and mis-selling for many years; not just in Australia but in most parts of the world.
Clearly, the reputational integrity of the sector has been badly damaged. That’s why the Transparency Task Force is initiating and facilitating a global conversation about what’s wrong in financial services; and what needs to be done to fix it.
Furthermore, through those discussions we are creating a framework for finance reform that is designed to drive the positive, progressive and purposeful change that is needed.
Please do join us for what promises to be an interesting, engaging and thought-provoking event.
We’ll also be touching on a range of insights, ideas and initiatives that are referenced in our new book, entitled
Please get involved and be part of the solution.
Scroll down for further info, speaker details and to make bookings
Who should participate?
This online event will be of particular interest to individuals and organisations that authentically align with the idea that the financial services sector is important and that there is scope fr improvement in how it works.
You can expect to be ‘amongst’ progressively minded and collaboratively minded people.
On the basis that “progress begins with realism” we’ll be running the event as a forum to enable everybody to “say it as they see it.” We will be facilitating the kind of candid yet constructive discussion that is needed to help move matters forward.
We don’t think any one person or organisation has all the answers; and we also think that all answers are worth listening to, so if you’ve got a point of view that you’d like to share, and are keen to hear the views of others, this is definitely an event for you.
This symposium will cover important topics that will be of particular interest to:
- Think Tanks and Civil Society Groups with an interest in the financial ecosystem
- Industry Observers, Commentators; the Media in General
- Politicians interested in the financial services sector
- Financial Conduct Professionals
- Sustainaility experts
- Bankers and representatives of Banking organisations
- Risk Management Professionals
- Compliance Professionals
- Pension Professionals
- Financial Planners
- Financial Services Trade Bodies and Professional Associations
- Academics and researchers in governance, stewardship, ethics, conduct and compliance in the banking, investment and pensions space; and more
We will be using Zoom.
We will be structuring the event in such a way that it will be as engaging and as interactive as we can possibly make it. We’ll be working hard to create as “life-like” an event as possible, with every opportunity taken to create interaction and engagement.
There will be several presentations with Q&A sessions and an open discussion and debate session towards the end.
Here’s the programme and timings, so far*
Welcome to the symposium, introductions and initial exploration of the main issues; plus “Why we must rebuild trustworthiness and confidence in financial services; and how we can do it” by
Andy Agathangelou FRSA
Founder, Transparency Task Force; Governor, Pensions Policy Institute; Chair of the Secretariat Committee to the All Party Parliamentary Group on Pension Scams; former Founding Chair, Friends of Automatic Enrolment; former Founding Chair, Association of Member Nominated Trustees
Presentation #1, for 10 minutes + 5 minutes Q&A with facilitated discussion, by
Principal, International Institute for Self-governance
Shann Turnbull graduated as an electrical engineer in Tasmania and a science degree from Melbourne University.
After obtaining an MBA from Harvard Shann became a serial entrepreneur establishing a number of enterprises that included two public mutual funds and three that became publicly traded businesses.
He became a founding member of a private equity group that acquired and re-organised eight publicly traded firms. These also provided experience as a Chairman or CEO of public companies.
In 1971 he initiated the creation of the first educational qualification in the world for Company Directors and became a founding co-author in 1975.
In 1975 he wrote Democratising the wealth of nations that led to undertaking the first economic analysis of Australian Aboriginals for the Australian government and privatising assignments in Czechoslovakia and China.
His PhD introduced bytes as the unit of analysis to extend the science of cybernetics to become the science of governance. He has taught at a number of universities.
Shann is a prolific author, inspired by the laws of nature, on reforming the theories and practices of capitalism. He is a keen skier and tennis player residing in Sydney with his wife Pauline. They have three children and four grandchildren.
Presentation #2, for 10 minutes + 5 minutes Q&A with facilitated discussion, by
Partner, The KBA Consulting Group
Marvin’s has a background in corporate finance and strategy consulting.
For the past decade, Marvin has been instrumental in bringing the BASOS initiative to the global corporate and investment communities.
BASOS is an acronym that stands for “Business Acting in Service of Society”. The key question contemplated by BASOS which is relevant to both corporate and institutional investors is: “How can we create wealth on an ongoing basis in ways that enhance the wellbeing of the individual, the wider community and the environment?”
Short leg-stretch and comfort break, for 10 minutes
Presentation #3, for 10 minutes + 5 minutes Q&A with facilitated discussion, by
Darren McShane is an experienced regulator and policy maker across a wide spectrum of financial services.
Darren provides advice on regulatory and policy matters to regulatory bodies, multilateral agencies, industry bodies and private firms. He is a regular contributor to conferences and seminars focused on improving outcomes for consumers of financial services. Amongst his published work is ASIC Report 581 “Review of ASIC Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements”, published in July 2018.
Until March 2017, he was the Chief Regulation & Policy Officer and Executive Director of the Hong Kong pension regulator, the Mandatory Provident Fund Schemes Authority (MPFA). He was an Executive Director of the MPFA for a period of 15 years and guided the Hong Kong pension system through a series of major reforms.
He was also, until he finished his role with the MPFA in March 2017, the Chairman of the Technical Committee of the International Organisation of Pension Supervisors (IOPS). In that role he had responsibility for steering the work of IOPS in setting global standards and good practices for the regulation and supervision of private pension funds around the world.
Prior to his time at the MPFA, he held a number of senior roles with the Australian Securities and Investment Commission (ASIC) and its predecessor bodies and he also worked for a period with the fund management regulator in the United Kingdom (IMRO).
The “Just a Minute” Round
Inspired by the BBC Radio 4 programme, we have asked a selection of our attendees to spend just a minute sharing their thoughts on what has been covered during the symposium.
But unlike the Radio 4 programme our speakers won’t be penalised for hesitation, repetition or deviation!
Head of Research, Chant West
CEO & Founder, Koda Capital
Barrister, Bennett Chambers Group Brisbane and William Forster Chambers Darwin
Senior Researcher, La Trobe University
Teaching Fellow, University of Melbourne
Open discussion & debate, 15 minutes
7.55pm AEDT until 8.00pm AEDT
Final conclusions; suggested next steps and close to the formal proceedings.
However, for those that want it…
8.00pm AEDT until 8.30pm AEDT
* The programme will continuously evolve so is subject to change
Please click below to book your place
For any queries please contact us.