About being a Panellist

 

If you are looking to be a panellist at one of our events, here’s what you need to know:

 

The Format 

 

We always strive to make our events highly participative and engaging for our attendees and that's one of the reasons why we run symposia rather than just conferences or seminars - we want to create a safe environment where different views can be shared in a constructively challenging way; with a view to improving the understanding of different perspectives and building consensus wherever we can. 

 

Our Panel sessions are a very important part of that approach.

 

Here's how it typically works:

 

 - Each panellist will take it in turn to introduce themselves, no more than a minute or two.

 

 - Thereafter there will be questions from myself and the delegates, focusing on key topics. If there are any particular questions that you would like me to incorporate into the session to enable you to make particular points let me know. 

 

 - No slides are needed or wanted - this part of the event works best when kept informal and conversational in style.

 

- There are always time constraints so we are looking for succinct answers to questions.

 

Overall this process works very well. It's a balance between enabling the panellists to say what they are particularly keen to say with creating an environment that 'brings the event to life' for everybody. 

 

The items we will need from you ASAP please

 

They are listed in priority order:

  1. Your name, job title and organisation name exactly as you wish them to appear on the event’s web page. 
  2. A high quality image of you in Png of Jpg format or similar
  3. Your bio, maximum 200 words
  4. Your Twitter handle (so we can raise awareness of your participation at the event). We'll try to tweet before, during and after the event.

Let me know if you have any questions. 

Payment to attend the event

 

The Transparency Task Force desperately (very desperately!) needs to raise funds to operate effectively and sustainably, so please pay the normal attendance price for the event if you can.

 

However, if that is genuinely beyond your budget please pay however much you can afford up to the standard ticket price; there is no minimum for panellists so you can be the judge of what is appropriate if the standard ticket price is genuinely beyond your budget.

 

Any questions?

 

Of course we will be delighted to deal with any queries that you may have, so ask away....and thanks again for wanting to participate at one of our events. 

The Great Divide

You can read the speech by  Andrew G. Haldane, FAcSS (the Bank of England's Chief Economist and Executive Director of Monetary Analysis and Statistics) that he gave on 18th May 2016 at the New City Agenda Annual dinner.

 

The speech is entitled The Great Divide and it is a first class explanation of why the trust deficit really matters and why it makes sense to try to do something about it.

 

Please click on the green button to access it; if you're not convinced of its relevance to our initiative, here's part of it:

 

..."The most important and compelling message the Bank received at the Open Forum came in the first session. The Bank had conducted some polling of perceptions of the financial sector – for example, by asking people what one word best described the future of financial markets. Among the Bank’s usual contacts, including those in the financial sector, the most used word was “regulated”. Many of us will have heard that message from financial insiders concerned about the perils of over-zealous regulators.

 

For me, the more revealing responses came from the general public, from the customers, rather than the producers, of financial services. The word most used by them when describing financial markets was a rather different one: it was “corrupt”. Not far behind were words like “manipulated”, “self-serving”, “destructive” and “greedy”. I am sure many of you have heard those messages too. They are certainly ones I have encountered frequently on my visits around the country."...

 

Please click the green button  below to access the full speech. If you need to read another piece first, here it is:

 

..."At least until recently many economists like me, when faced with this evidence, might have shrugged our shoulders. Social capital had no real role in our models of economic growth, unlike physical capital and human capital. Trust did not butter our parsnips and nor did it enter our production functions.

 

Recently, however, that orthodoxy has changed and the importance of trust has become clearer.

 

Evidence has emerged, both micro and macro, to suggest trust may play a crucial role in value creation. At the micro level, there is now ample evidence the degree of trust or social capital within a company contributes positively to its value creation capacity. 

 

At the macro level, there is now a strong body of evidence, looking across a large range of countries and over long periods of time, that high levels of trust and co-operation are associated with higher economic growth.

 

Put differently, a lack of trust jeopardises one of finance’s key societal functions – higher growth.

 

Those social capital effects appear to be particularly potent when it comes to financial decisions. Evidence suggests that a lack of trust leads people to retreat from the stock market and banks and to move towards cash holdings and informal sources of credit, such as payday lenders and loan sharks. That jeopardises the second key benefit of finance to society – improved risk-sharing by households and companies.

 

So a lack of trust in finance potentially hobbles both economic growth and financial stability.

 

That lack of trust is the mirror-image of the perception gap between the financial sector and wider society, the Great Divide.

 

The Great Divide matters because it signals a pronounced and protracted erosion of social capital. It puts finance on notice for losing its social licence. And, unaddressed, that jeopardises future wealth and well-being."...

 

Please click on the green button to access the full speech. If you're not yet convinced you should, here's a final snippet:

 

..." As a survey in 2013 of financial professionals found, rather remarkably, that over half believed their competitors engaged in illegal or unethical behaviour.  A smaller, but still high, fraction of 24% believed their own company engaged in such practices. Similar percentages believed their industry did not fulfil its fiduciary function of putting clients’ interests first.

The significance of these findings is not the precise percentages, as striking as these are.

 

More fundamentally, it is because of what they reveal about finance’s perception of itself, the mirror it holds to the social identity of finance."...

 

Click onto the button below to access the full speech; you'll be glad you did, it's profoundly thought-provoking for anybody interested in the future of the financial services industry:

If you are not already on the right page and want to read about our major international project to help rebuild trustworthiness and confidence in financial services, click on the orange button below:

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