Conference ‘The Future of Savings’ - Business models and regulatory changes in the new environment 4 November 2016, Banque de France, Paris

Introduction: The nature of issues around the ‘Future of Savings’ in Western economies

• François Villeroy de Galhau, Governor of Banque de France

                      Opening speech

                      Présentation

                      The Future of Savings - Conference

Setting the scene: What is the economic and financial situation we are living in?

Moderator: Ralph Koijen, New York University

• Benoit Mojon, Director, Monetary Policy Research, Banque de France
• Hélène Rey, Professor of Economics, London Business School
• John Muellbauer, Professor of Economics, Oxford

What are the practical challenges this environment raises for long-term savings and insurance? Chair: Felix Hufeld, Bafin

• Ralph Koijen, Professor of Finance, NYU Stern
• Christian Thimann, Group Head of Regulation, Sustainability and Insurance Foresight, AXA
• Felix Hufeld, President, BaFin

Book presentation: “The Economics, Regulation and Systemic Risk of Insurance Markets”, Oxford University Press

A view from the US

Chair: Marc-Olivier Strauss-Kahn, Banque de France

• Teresa Ghilarducci, Professor of Economics, New School for Social Research
• Phil Waldeck, Senior Vice President, Head of Investment & Pension Solutions, Prudential US

A view from Europe
Chair:Christian Thimann, AXA

• Christian Gollier, Professor of Economics, Toulouse School of Economics
• André Masson, Professor of Economics, Paris School of Economics
• Mark Rebuck, Global Life Director, Aviva

Roundtable: A practitioner and policymaking perspective
Moderator: Edouard Fernandez-Bollo, ACPR

• Levin Holle, Head of Financial Markets Policy Department, German Federal Ministry of Finance
• Corso Bavagnoli, Head of the Financial Affairs Division, French Treasury
• Alf Neumann, Member of the Board of Management, Allianz Leben
• Denis Duverne, AXA Chairman and Vice-President of the European Financial Roundtable
• Romain Paserot, Deputy Secretary General, IAIS

Conclusion and next steps

• Robert Ophèle, Deputy Governor, Banque de France

Annotated Agenda

Summary of discussions