Financial Reform After the Crisis: Promoting stability, fair taxation, ethics and financial inclusion

Location
Brussels, EU Thon Hotel
Dates
Wednesday 3rd February 2016 (09:30-16:00)
Download the date to your calendar (.ics file)

The Fincris project, will be discussing the Financial reform after the Crisis. This rescheduled event will now be held on 3rd February 2016 at:

EU Thon Hotel
Rue de la Loi 75
B1040 Brussels, Belgium

Registration

You can register to attend this event by completing the online registration form.

Programme

09:30 - 10:00: Registration

10:00 - 10:30: Introduction

An overview of  (i) the challenges of ascribing responsibility for events such as the financial crisis,; (ii) responsible lending and borrowing for people on low and middle incomes in the UK; and (iii)using taxation as a measure for changing behaviour in the financial sector. 

Tom Sorell (University of Warwick)
Lindsey Appleyard (Coventry University)
Andrew Mullineux (University of Birmingham)

10:30 - 12:00: Balancing the Regulation and Taxation of Banking

What is the case for levelling the taxation playing field between debt and equity financing – and what would be the challenges of enacting a change? What would be the advantages and disadvantages of different approaches to the use of the taxation system in the regulation of the financial sector, e.g. the EU's Financial Transaction Tax (FTT) vs. a Financial Activity Tax (FAT) vs. extending VAT on financial services?

Chair: Andy Mullineux (University of Birmingham)
Sajid M. Chaudhry (University of Birmingham)
Arthur Kerrigan (Former EU official, now with KPMG in Ireland)
Donato Raponi (Head of the VAT Unit at the European Commission)

Questions and comments from the floor.

12:00 - 13:00: Lunch

13:00 - 14:30: Consumer Protection & Subprime Borrowing

This session will focus on the regulatory regime for consumers and High-Cost, Short-Term Credit (payday lending in particular) that has been developed in the UK since the financial crisis, and the impact that this new regime has had on subprime borrowers.

Chair: Lindsey Appleyard (Coventry University)
Lindsey Appleyard (Coventry University)
Mark Hannam (Fair Finance / University of London)

Questions and comments from the floor

14:30 - 16:00: Responsibility, taxation and financial exclusion after the financial crisis

Perspectives on the ethics and culture debate as well as pulling together the themes for the day with discussion on the implications to society and regulation of the financial crisis.

Chair: Tom Sorell
Neena Gill MEP
Juri Viehoff, Centre for Ethics, University of Zurich

Questions and comments from the floor.

About the FinCris project

FinCris is an Arts and Humanities Research Council (AHRC) funded project. Via a collaboration between philosophers, economists, and social policy academics, FinCris seeks to enlarge understanding of the financial crisis and the ethical issues it raises by both the public and officials, and regulatory and consumer bodies. It addresses the issue of how responsibilities for what has gone wrong create obligations to some of those badly affected by the crisis.

The project has three work-streams: (1) ethical analysis, (2) economics-based analysis of bank taxation, and (3) policy studies focused on the provision of affordable credit to low income groups.