Video excerpts of the Conference on “Debating Responsible Innovation in Finance” held at Mines ParisTech on November 30th, 2011, are now available in the website of the Observatory for Responsible Innovation and in the Observatory’s Dailymotion video channel.
For a summary of the conference see previous posts here and here. A reminder of the conference program:
– “Dangerous externalities” (Are new, sophisticated financial products and services at the edge of irresponsibility? What are the social dangers and social benefits of financial innovation? How can we cope with negative externalities in a post-financial crisis landscape? What are the “hot” issues today?): a discussion with the participation of Sarai Criado (European Commission) and Shyamala Gopinath (Reserve Bank of India).
– “Dangerous externalities: the Case of High-Frequency Trading” (How good is speed for financial stability? Is transparency the solution or part of the problem? Are OTC markets harmful? Should High-Frequency Trading be banned?): a discussion with Yann Muzika (Magnet Investment Advisors), Charles-Albert Lehalle (Crédit Agricole Cheuvreux), Jean-Pierre Zigrand (Department of Finance, London School of Economics), Yuval Millo (Department of Accounting, London School of Economics) and Oliver Burkart (European Securities and Market Authority).
– Commentary: a discussion with Michael Power (Centre for the Analysis of Risk and Regulation, London School of Economics).
– “Responsible actors” (How should we think incentives in the financial industry in order to promote responsible behavior? Can involved actors, bankers, agencies and regulators take responsibility for the potentially devastating consequences that financial innovation can have? What about bonuses?): a discussion with Pascal Canfin (Member of Parliament, European Parliament), Jean Pierre Mustier (Corporate and Investment Banking Division, Unicredit), Loïc Fery (Chenavari Investment Managers), Olivier Godechot (CNRS, Paris School of Economics) and Nicolas Veron (Bruegel-Peterson Institute).
– “Democratic innovations” (Is it possible for potentially affected parties to discuss sophisticated financial products at their design stage? Can and should financial innovation be more democratic and open to public scrutiny? How should micro and macro oversight be organized?): a discussion with Michel Péretié (Société Générale Corporate and Investment Banking) and Valérie Rabault (BNP Paribas).
– Commentary: a discussion with Bruce Kogut (Sanford C. Bernstein Center for Leadership and Ethics, Columbia Business School).
– Concluding remarks by contributors to the Observatory’s Working Group on Responsible Innovation in Finance.
