New financial summit looking ahead
The Amsterdam Financial Forum, a new annual platform for discussing the future of finance, was held for the first time in the last week of November, 2009 with over 100 international delegates in attendance.
Amsterdam Area, heart of financial sector
The global financial sector is still recovering from the economic crisis. The Amsterdam Metropolitan Area, where the heart of the financial industry in the Netherlands is located, is already seizing the opportunity to consolidate its central position in global money management.
Having giving birth to modern capital markets back in the 17th century, the Amsterdam Area has always been one of the leading financial markets in the world. It has a premier position in the trading of derivatives (a type of financial instrument), is home to a large pension sector, and possesses an abundance of pension fund management expertise.
Amsterdam Financial Forum
The introduction of the Amsterdam Financial Forum, which claims to be the new financial counterpart of the World Economic Forum (WEF), is testimony of the strength of the financial sector in the Amsterdam Area and its guiding role. Holland Financial Centre (HFC), a joint initiative set up by organisations throughout the financial sector, and Ernst & Young, a global leader in assurance, tax, transaction and advisory services organised the Amsterdam Financial Forum.
European Central Bank
Over 100 international delegates from the whole spectrum of the financial sector, including banks, insurers, regulators, academics, and the government were in attendance at Amsterdam’s Okura Hotel on 27 and 28 November, 2009. Among the keynote speakers were European Commissioner Neelie Kroes, Harvard historian Niall Ferguson and Jean-Cleade Trichet (via video), president of the European Central Bank.
Trichet believes a lot of progress has been made on new tighter capital adequacy regulations. Trichet: "We need to reach agreement on the overall level of capital in the system and find a balance without strangling growth."
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