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HerbEppel's picture

8Dec2011: Local Banking System

A Local Banking System: The Urgent Need to Reinvigorate UK High Street Banking

Thursday 8 December 2011 – 13:30 to 17:00

The Hub, New Zealand House, Trafalgar Square, London, SW1Y 4TE

Dear Mr Eppel

As a valued supporter of nef, we would like to invite you to our conference, held in conjunction with nef and the Good Banking Forum, on the urgent need to reinvigorate high street banking being.

The ongoing financial crisis requires action for change. A new, strong local banking system is urgently needed in this emergency. We have organised this pro-action conference at late notice as the intensifying banking crisis demands our immediate attention. We need this new banking system to engage with local economies, strengthen the national economy, invest in real business and deliver banking expertise to the productive and low carbon sectors.

The conference will demonstrate how to create the strong local banking system we desperately need. You will hear what is already being done to re-shape a banking system for local economies, both in the UK and internationally. The conference will also discuss how to adapt the current regulatory system to allow for effective local banking.

We will draw together the main insights from the conference to produce a manifesto of steps to strengthen local banking in the UK, to publish in the New Year.

The conference will be chaired by Deborah Hargreaves, former City Editor of The Guardian and chair of the High Pay Commission. Speakers will include Anthony Thompson, chair of Metro Bank, Lord Glasman, Tony Greenham of nef, Stephen Clarke of Civitas, and representatives of European local and regional banks. Please click here for full agenda details.

The conference will focus on the following:

1. Why Local Banking Matters

- the economic and social case for local banks

- evidence from developed industrial economies with more diverse banking institutions

- evidence from the UK banking sector

2. Obstacles and Opportunities

- what are the obstacles to creating new banks in the UK?

- what are the opportunities for new players to become involved in the creation of new banks and the revival of a local banking infrastructure?

- what is the role of technology and new media: opportunity or threat for smaller banks?

3. Putting the Plan Together

- what practical options are there for building a better local banking infrastructure in the UK, and over what timescale?

- how might current frustration with dysfunctional small business banking, low customer satisfaction ratings, and the postcode lottery of access to banking be marshalled into a positive cross-party movement for change?

- what can businesspeople, customers, and local authorities do to reinvigorate local banking in their own areas?

Space is very limited so if you would like to attend please ensure you reserve your place as soon as possible.

To RSVP email events@neweconomics.org or phone 0207 820 6357.

With best wishes

Cam

________________________________________

Cam Ly

nef Supporter & External Affairs Officer

t: 020 7820 6363 e: cam.ly@neweconomics.org

You can now donate to nef by text! Text DNEF00 then amount (£1, £2, £3, £4, £10) to 70070. It’s free!

Your support can help nef demonstrate and persuade different

ways of doing things, which puts people and the planet first, is not

only desirable but also possible.

Visit www.neweconomics.org/support-us to learn more.

nef (the new economics foundation)
3 Jonathan Street, London SE11 5NH
t: 020 7820 6300 f: 020 7820 6301

www.neweconomics.org