The Paris Conference

The Paris Conference is the first global gathering of long-term investors from public and private sector funds from around the world. Its goal is to seize the opportunities of this unique moment in economic history to set in place the conditions for future prosperity.

Initiated by the Long-Term Investors Club, The Paris Conference is arranged in partnership with the Organisation for Economic Co-operation and Development.(OECD)

As the financial crisis develops into a global economic recession, it is time to review the rules and regulations of our financial and economic environment. Long-term investors of all types, including sovereign funds, pension funds and public institutions, have a leading role to play in this process.

The Paris Conference is dedicated to defining and encouraging optimal conditions for long-term investors to play their rightful role in generating value and creating economic stability in the post-crisis world.

The conclusions of the June 22 Paris Conference have been presented at the 10th Annual OECD Forum, in Paris on June 23 and 24, 2009.

Program

Opening Plenary Session

Conference Movie
Welcome by Augustin de Romanet, CEO, Caisse des Dépôts
Introduction by Angel Gurria, Secretary-General, OECD

First Morning Plenary Session

Long-Term Needs & Opportunities, moderated by Stephen Cole

Olivier Blanchard, Economic Counsellor & Director of the, Research Department, International Monetary Fund
Marco Buti, General Director, European Commission
Dr. Ulrich Schröder, Chairman, KfW Bankengruppe, Germany
Sylvain de Forges, Director, Risks & Markets, Veolia Environnement, France
Hassan Boubrik, General Secretary of Caisse de Dépôt et de Gestion, Morocco
Olivier Pastré, Economist, University of Paris VIII, France

Second Morning Session

Who’s In Charge Of The Long-Term ? Moderated by Stephen Cole

Nouriel Roubini, Professor of Economics, New York University, USA
Michel Aglietta, Professor, University of Paris West, Nanterre La Défense, EconomiX, France
Franco Bassanini, President, Cassa depositi e prestiti, Italy
Edmond Alphandéry, Chairman of the Board, CNP Assurances, France
Derrick Wan, Director (Governance & Investment), Ministry of Finance, Singapore

First Afternoon Plenary Session

Ramon Fernandez, French Treasury Director, France

3 Workshops : key issues facing long-term investors

A. Accounting standards and solvency ratios : Short-term prudence vs long-term vision ?

Moderated by Nicolas Barré, Deputy Managing Editor, Les Echos

Christian Gollier, Economist - Toulouse School of Economics, France
Jacques de Larosière, Advisor BNP Paribas, France
Hubert Reynier, Deputy Chief Financial Officer, Caisse des Dépôts, France
Dominique Guitton, Financial Department, Groupama, France

B. Keeping borders open : The risks of protectionism and how to counter them. North/South and East/West tensions.

Moderated by Peggy Hollinger, Financial Times

Benoît Coeuré, Head Multilateral Affairs and Development Policy, Directorate General of the Treasury and Economic Policy, France
Carolyn Ervin, Director, financial affairs, OECD
Gilles Saint Paul, Economist - University of Toulouse, France
Ousmène Jacques Mandeng, Head of Public Sector Investment Advisory, Ashmore Investment Management Limited
Charles Wyplosz, Professor of International Economics at the Graduate Institute of International Studies, Geneva

C. Financing infrastructures : an opportunity for long-term investors

Moderated by Laurent Vigier, Caisse des Dépôts

Pierre Ignace Bernard, Director, Mc Kinsey & Company
Bernardo Bini Smaghi, Director, Cassa depositi e prestiti
Gisela von Krosigk, Director Leveraged Finance, Mezzanine and Equity KfW-IPEX Bank, Germany
Plutarchos Sakellaris, Vice-President of EIB
Laurent Vigier, Director of European and International Affairs, Caisse des Dépôts, France

Second Afternoon Plenary Session - A Unique Moment

Conclusions from the 3 working groups by Christian Gollier, Gilles Saint Paul and Laurent Vigier
Edmund Phelps, Director, Center on Capitalism and Society, Columbia University, USA. Nobel Prize in Economic Sciences
Jean- Pierre Jouyet, Chairman of the Autorité des Marchés Financiers, France
Gilles Michel, General Director of the Fonds Stratégique d’Investissment (FSI), France
Philippe Maystadt, President of the European Investment Bank (EIB)
Vladimir Dmitriev, Chairman, Russian Bank for Development and Foreign Economic Affairs, Russia
Rodrigo de Rato, Senior executive Director, Lazard, France

Conclusions

Bruno Le Maire, Secretary of State for European affairs, France

Gala Dinner

Rajendra K. Pachauri, Chairman, Intergovernmental panel on climate change (Nobel Peace Prize 2007)

Speakers

…The key players of long-term investment…

The conference will bring together, for the first time, 200 of the most influential practitioners of long-term investment, including sovereign wealth funds, public sector retirement funds, private sector pension funds, economists, financial policy makers, and regulators.

Featured speakers :

Michel Aglietta (Professor, University Paris West, France)
Anass Alami (CEO, Caisse de Dépôt et de Gestion (CDG), Managing Director, Poste Maroc, Morocco)
Edmond Alphandéry (Chairman of the Board, CNP Assurances, France)
Franco Bassanini (President, Cassa depositi e prestiti, Italy)
Pierre-Ignace Bernard (Director, McKinsey & Company, France)
Bernardo Bini Smaghi (Director of Development Policies, Cassa depositi e prestiti, Italy)
Olivier Blanchard (Economic Counsellor and Director, Research department, International Monetary Fund (IMF))
Marco Buti (General Director, European Commission)
Benoît Coeuré (Directorate-General of the Treasury and Economic Policy, France)
Vladimir Alexandrovich Dmitriev (Chairman, Russian Bank for Development and Foreign Economic Affairs, Russia)
Carolyn H.Ervin (Director, Financial and Enterprise Affairs, Organisation for Economic and Co-operation Development (OECD))
Ramon Fernandez (Director, French Treasury, France)
Sylvain de Forges (Director, Risks and Markets, Veolia Environnement, France)
Christian Gollier (Deputy Director, Toulouse School of Economics (TSE), Research Director, Institut d’Economie Industrielle (IDEI), Director, Laboratoire d’Economie des Ressources Naturelles (LERNA), France)
Dominique Guitton (Responsible for IFRS standardization, Groupama Group Financial Department, France)
Angel Gurría (Secretary General, Organisation for Economic and Co-operation Development (OECD))
Jean- Pierre Jouyet (Chairman, Autorité des Marchés Financiers (AMF), France)
Gisela von Krosigk (Director, KfW IPEX-Bank, Germany).
Jacques de Larosière (Advisor, BNP Paribas, France)
Bruno Le Maire (Minister of State for European affairs, France)
Ousmène Jacques Mandeng (Head of Public Sector Investment Advisory)
Philippe Maystadt (President, European Investment Bank (EIB))
Gilles Michel (General Director, Fonds Stratégique d’Investissement (FSI), France)
Rajendra K. Pachauri (Chairman, Intergovernmental Panel on Climate Change (IPCC), Nobel Peace Prize 2007)
Olivier Pastré (Economist, University of Paris VII, France)
Edmund Phelps (Director, Center on Capitalism and Society, Columbia University, USA, Nobel Prize in Economic Sciences)
Rodrigo de Rato, Senior executive Director, Lazard
Hubert Reynier (Deputy Chief Financial Officer, Caisse des Dépôts (CDC), France)
Augustin de Romanet (CEO, Caisse des Dépôts (CDC), France)
Nouriel Roubini (Professor of Economics, New York University, USA)
Gilles Saint Paul (Economist, University of Toulouse, France)
Plutarchos Sakellaris (Vice-President, European Investment Bank (EIB))
Dr. Ulrich Schröder (CEO, KfW Bankengruppe , Germany)
Laurent Vigier (Director of European and International Affairs, Caisse des Dépôts (CDC), France)
Derrick Wan (Director (Governance & Investments), Ministry of Finance, Singapore)
Charles Wiplosz (Professor of International Economics, Graduate Institute of International Studies, Switzerland)
Dr. Rolf Wenzel (Director General, Financial Market Policy Department, Federal Ministry of Finance, Germany)

Gallery