Banking Summit 2020 - What banking sector do we want for Portugal?

21st February, 2020

On 30 January, the Portuguese Banking Association organised the second Banking Summit. This event brought together more than 200 people, at the Champalimaud Foundation in Lisbon, to reflect on the question “What banking sector do we want for Portugal?”

The welcome session was hosted by the President of the Portuguese Banking Association, Fernando Faria de Oliveira, who highlighted some of the main constraints on banks’ profitability, which are at the discretion of each country in terms of regulation.

This was followed by an address by the Governor of Banco de Portugal, Carlos Costa, who looked back on developments in the banking sector over the last 30 years.

Ricardo Reis, a professor at the London School of Economics, was the event’s keynote speaker. He analysed the importance of banks for the economic development. This was followed by a presentation by Nuno Catarino of the consultancy firm McKinsey, on the current situation of Portuguese banking and possible paths for the future.

The Banking Summit also featured a debate on “What banking sector do we want for Portugal?”. The attendees discussed the expectations of the public, companies, Europe and managers in relation to the Portuguese banking sector. This debate was introduced and moderated by Pedro Santos Guerreiro. Participating in the debate were João Duque, professor at ISEG, António Saraiva, President of the Portuguese Business Confederation (CIP), Pedro Marques, Member of the European Parliament and Pedro Rebelo de Sousa, President of the General Council of the Portuguese Institute of Corporate Governance (IPCG).

The Secretary of State Assistant and of Finance, Ricardo Mourinho Félix, was responsible for the summit’s closing session.

PROGRAMME

15:00 - Welcome Session

Fernando Faria de Oliveira, President of APB (Speech)

15:15 - The Portuguese banking system: where it came from, where it is and future challenges

Carlos Costa, Governor of Banco de Portugal

16:00 - The role of the banking system in national productivity (Presentation in portuguese)

Ricardo Reis, Professor of the London School of Economics

16:40 - Coffee break

17:00 - Banking Sector: what future? (Presentation in portuguese)

Nuno Catarino, Senior Partner of McKinsey

17:30 - What banking sector do we want for Portugal?

Introduction and moderation - Pedro Santos Guerreiro

João Duque, Professor of ISEG and President of SEDES

António Saraiva, President of CIP

Pedro Marques, Member of the European Parliament, rapporteur for the Report on Banking Union

Pedro Rebelo de Sousa, President of the General Council of the IPCG

18:45 - Closing session

Ricardo Mourinho Félix, Secretary of State Assistant and of Finance