The World Future Council and the EU Office of the Friedrich-Ebert-Stiftung would like to invite you to an international workshop

The World Future Council and the EU Office of the Friedrich-Ebert-Stiftung would like to invite you to an international workshop on

A Mandatory Approval of

Financial Instruments (Finance TÜV[1])

September 22^nd/23^rd 2014

Venue:

EU Office

Friedrich-Ebert-Stiftung

Rue du Taciturne 38

1000 Brussels.

Complex financial instruments increase levels of opacity – the contrary to transparency. Next to financial institutions, financial instruments are systemically important. The desire to overcome regulation remains a significant driver of new financial instruments. The workshop will explore policies which apply the precautionary principle to financial instruments as tools to shape future regulatory reforms. We will draw lessons from history, e.g. the US mandatory approval for derivatives from 1974 to 2000, and investigate other areas such as the pharmaceutical sector.

Excellent policy-orientated academia on this issue will be brought together to discuss key aspects with policy makers, regulators and financial sector practitioners. The aim is to stimulate political activity of MEPs and the European Commission.

The confirmed panelists include: Peter Simon, MEP, Jakob von Uexküll, World Future Council, Henry T.C. Hu, University of Texas, Saule T. Omarova, Cornell Law School, New York, Jan Ceyssens, European Commission, Hilary J. Allen, University of New Orleans, Robert C. Hockett, Cornell Law School, Ian Bell, Prime Collateralised Securities (PCS) UK Limited, Frank Cerveny, KfW Bank, Dan Awrey, Oxford University, Joost Langeveld, Netherlands Authority for the Financial Markets, Andreas Botsch, German Confederation of Trade Unions (DGB), Benoît Lallemand, Finance Watch.

We are looking forward to your participation and kindly ask to register for this event before September 15^th via the following link: FES Registration.

Yours truly,

Suleika Reiners

Policy Officer Future Finance

World Future Council

Head Office

Mexikoring 29

22297 Hamburg – Germany

Tel.: +49 (0)40 3070 914-25

Fax: +49 (0)40 30 70 914-14

suleika.reiners@worldfuturecouncil.org

www.worldfuturecouncil.org

World Future Council – Voice of future generations

Agenda:

Monday, September 22^nd

12h15 Registration and light lunch

13h15 Opening: Priorities of financial market regulation in the EU

13h45 Systemic risks of financial innovation: informational problems and new pathways for reform

15h15 Examples from history and lessons for today: the mandatory approval of commodity futures between 1974 and 2000 in the US & the legal unenforceability of OTC derivatives

17h30 What are good financial instruments? – Searching for criteria, conditions and examples (group work, method: placemat)

19h30 Introduce a precautionary principle for financial instruments, of they will fail us (dinner speech)

Tuesday, September 23^rd

9h00 Criteria: good financial instruments – bad financial instruments?

11h15 An institution for the approval of financial instruments – practical issues and lessons from other sectors (followed by fishbowl debate in the afternoon)

13h00 An institution for the approval of financial instruments – practical issues and lessons from other sectors (fishbowl debate)

15h30 End of workshop