PROGRAM BOOK OF G-20Y SUMMIT 20163).pdf · Moderator: Mr. Jean-Luc Larribau - Dispute resolution lawyer at Freshfields Bruckhaus Deringer, G-20Y Association Spokesperson, G-20Y Association

PROGRAM BOOKOF G-20Y SUMMIT 2016

SEPTEMBER 21-25ST. MORITZSWITZERLAND

www.g20ys.org

We design our world

CONTENTS

Overview program 4

Day-by-day program 6

G-20Y Summit 2016 Committees 12

G-20Y Summit 2016 Reflections Sessions 30

G-20Y Summit 2016 Speakers 34

Evening Events 40

G-20Y Summit Venues 42

Practical Information 44

About G-20Y Association 47

4

OVERVIEW PROGRAM

09:00

10:00

11:00

12:00

13:00

14:00

15:00

16:00

17:00

18:00

19:00

20:00

21:00

22:00

23:00

SEPTEMBER 21 (Wednesday)

SEPTEMBER 22 (Thursday)

OPENING PANELLISTS MEETING(LES SAISONS, KEMPINSKI GRAND HOTEL DES

BAINS)

ADVISORY BOARD, TERM CHAIRS, VICE TERM CHAIRS, VICE ANNUAL CHAIRS, COMMITTEE

SPEAKERS, OPENING AND CLOSING PANELLISTS MEETING

ANDINFORMATION SESSION “PREVIOUS SUMMITS – SHARING OF EXPERIENCE AND AN APPROACH FOR BEST PRACTICE” BY G-20Y ASSOCIATION

REPRESENTATIVES(LES SEISONS, KEMPINSKI GRAND HOTEL DES BAINS)

WELCOME COCKTAIL RECEPTION(LOBBY BAR, KEMPINSKI GRAND HOTEL DES

BAINS)

THE G-20Y SUMMIT CLASSICAL CONCERT AND OPENING GALA DINNER

(LES SAISONS, KEMPINSKI GRAND HOTEL DES BAINS)

OPENING CEREMONY -OPENING SPEECH

AND

OPENING CEREMONY – OPENING PANEL(LES SAISONS, KEMPINSKI GRAND HOTEL DES

BAINS)

WELCOME COFFEE (LOBBY BAR, KEMPINSKI GRAND HOTEL DES BAINS)

LUNCH(LES SAISONS, KEMPINSKI GRAND HOTEL DES BAINS)

PERSPECTIVES DRAFTING. SESSION 1

- INTRODUCTORY REMARKS BY TERM CHAIRS- DELEGATES WORK IN COMMITTEES

- COMMITTEE SPEAKERS PRESENTATIONS

OPENING CEREMONY -OPENING PANEL

OPENING CEREMONY – COMMITTEE TERM CHAIRS PRESENTATIONS

(LES SAISONS, KEMPINSKI GRAND HOTEL DES BAINS)

08:00

ADVISORY BOARD MEETING(SALON OF PRESIDENTIAL SUITE, KEMPINSKI GRAND HOTEL DES

BAINS)

COFFEE BREAK (LOBBY BAR, KEMPINSKI GRAND HOTEL DES BAINS)

5

SEPTEMBER 23 (Friday)

SEPTEMBER 24 (Saturday)

SEPTEMBER 25(Sunday)

THE G-20Y SUMMITCLOSING DINNER

(Meierei St. Moritz Via Dimlej 52, CH-7500)

COFFEE BREAK (FOYER)

COFFEE BREAK (FOYER, KEMPINSKI GRAND HOTEL DES BAINS)


- DELEGATES WORK IN COMMITTEES- COMMITTEE SPEAKERS PRESENTATIONS

PERSPECTIVES FINALIZING. SESSION 4 - DELEGATES WORK

IN COMMITTEES PARTICIPANTS DEPARTURES

Cross Committee Reflections Session I

(Guarda)Cross Committee

Reflections Session II

(cresta 1&2)

IMPACT ROAD MAP AND SUGGESTIONS TO THE 2017 AGENDA FINALIZING.

SESSION 5

ADVISORY BOARD AND TERM CHAIRS

MEETING

(SALON OF PRES-IDENTIAL SUITE,

KEMPINSKI GRAND HOTEL DES BAINS)

LUNCH(LES SAISONS, KEMPINSKI GRAND HOTEL DES

BAINS)


- DELEGATES WORK IN COMMITTEES

CLOSING PANELLISTS AND CLOSING PANEL MODERATOR MEETING (PRESIDENTIAL SUITE)

PRESENTATION BY DR. YOSHIHIRO KAWAI(LES SAISONS, KEMPINSKI GRAND HOTEL DES BAINS)

LUNCH(LES SAISONS, KEMPINSKI GRAND HOTEL DES

BAINS)

CLOSING CEREMONY – COMMITTEE RESULTS PRESENTA-TIONS – FINAL PERSPECTIVES PRESENTATION BY COM-

MITTEE TERM CHAIRS FOLLOWED BY EXPERTS’ FEEDBACK (LES SAISONS, KEMPINSKI GRAND HOTEL DES BAINS)

PRESENTATION BY JULIE MEYER(LES SAISONS, KEMPINSKI GRAND HOTEL DES

BAINS)

6

DAY-BY-DAY PROGRAM

SEPTEMBER 21, 2016 (WEDNESDAY)

Participants Arrivals

09.00 – 22.00 G-20Y Summit Registration (Lobby, Kempinski Grand Hotel des Bains)

16.00 – 18.00 Advisory Board, Term Chairs, Vice Term Chairs, Vice Annual Chairs, Committee Speakers, Opening and Closing Panellists meeting (Les Saisons, Kempinski Grand Hotel des Bains)

18.30 – 19.30

19.30 – 20.00

Opening Panellists Meeting (Les Saisons, Kempinski Grand Hotel des Bains)

Advisory Board Meeting (Salon of Presidential Suite, Kempinski Grand Hotel des Bains)

20.00 – 23.00 Welcome Cocktail Reception (dress code: cocktail; Lobby Bar, Kempinski Grand Hotel des Bains)

SEPTEMBER 22, 2016 (THURSDAY)

07.00 – 09.00 Breakfast (Les Saisons, Kempinski Grand Hotel des Bains)

08.30 – 09.00 Welcome Coffee (Lobby Bar, Kempinski Grand Hotel des Bains)

09.00 – 10.00 Opening Ceremony – Opening Speech by Michael Miebach, Chief Product Officer, Mastercard, New York; G-20Y Association Advisory Board Member “Seizing White Space Opportunities”. (Les Saisons, Kempinski Grand Hotel des Bains)

7

10.00 – 11.00 Opening Ceremony - Opening Panel (Les Saisons, Kempinski Grand Hotel des Bains)

Moderator:

Barbara Kreissler, Director, B2G Professional Lighting, Global Public & Government Affairs, Philips Lighting; G-20Y Association Advisory Board Member

Panellists:

Energy Markets: Ms. Jo Coleman – Director, Strategy Department, UK Energy Technologies Institute;

Food Security: Dr. Alain Vidal – Director of Strategic Partnerships, CGIAR Consortium of International Agricultural Research Centers;

Global Financial Industry, Banking Subcommittee: Mr. Michael Strobaek – Chief Investment Officer, Credit Suisse Group AG;

Global Financial Industry, Insurance Subcommittee: Mr. Jacques Cornic – Partner, Head of Insurance Advisory, KPMG France;

Global Demographic Developments: Dr. Jan Mischke - Senior Fellow, McKinsey Global Institute;

Creating Jobs: Mr. Jacques Bughin - Director and Senior Partner, McKinsey Global Institute;

Digital Innovation and Transformation: Ms. Anna Borg – Senior Vice President Nordic, Klarna.

11.00 – 11.30 Coffee Break (Lobby Bar, Kempinski Grand Hotel des Bains)

11.30 – 12.30 Opening Ceremony - Opening Panel (Les Saisons, Kempinski Grand Hotel des Bains)

12.30 – 13.30 Opening Ceremony - Committee Term Chairs Presentations (Les Saisons, Kempinski Grand Hotel des Bains)Energy Markets Committee: Mr. Nicola Melchiotti – Head of European Public Affairs and Regulation, Enel SpA, Belgium

Food Security Committee: Prof. Mehdi Doroudi – Deputy Chief Executive, Primary Industries and Regions South Australia (PIRSA) Ms. Giulia Baldi – Policy and Programme Officer, Nutrition Division, World Food Programme

Global Financial Industry Committee, Banking Subcommittee: Mr. Marcus Stein – Managing Director, Chief Operating Officer Corporate Banking and Securities, Deutsche Bank AG

Global Financial Industry Committee, Insurance Subcommittee: Mr. Gregor Pilgram – Chief Financial Officer, Generali CEE Holding, Czech Republic

Global Demographic Developments Committee: Mr. Yuji Nakahara – President & Representative Director, DSM Japan K.K. / DSM Japan Engineering Plastics K.K. / DSM Nutrition Japan K.K.

Creating Jobs Committee: Mrs. Olga Ryabova – Former Deputy Chairwoman, Rosbank

Digital Innovation and Transformation Committee: Mr. Krishna Navalpakkam – Director, Global Strategy & Development, Schneider Electric

8

Digital Innovation and Transformation Committee - Ca d’Oro

19.30 – 23.30 The G-20Y Summit Classical Concert and Opening Gala Dinner (dress-code: black tie; Les Saisons, Kempinski Grand Hotel des Bains)

SEPTEMBER 23, 2016 (FRIDAY)


09.00 – 10.30 Perspectives Drafting. Session 2

- Delegates work in Committees

- Committee Speakers presentations

Energy Markets Committee - Cresta 1

Food Security Committee - Sra Bua

Global Financial Industry Committee, Banking Subcommittee - Guarda

Global Financial Industry Committee, Insurance Subcommittee - Corviglia

Global Demographic Developments Committee - Cresta 2

Creating Jobs Committee - Residence Lounge Room


10.30 – 11.00 Coffee break (Foyer, Kempinski Grand Hotel des Bains)

10.30 – 12.30 Advisory Board and Term Chairs Meeting (Salon of Presidential Suite, Kempinski Grand Hotel des Bains)

13.30 - 14.30 Lunch (Les Saisons, Kempinski Grand Hotel des Bains)

14.30 – 17.30 Perspectives Drafting. Session 1 (Kempinski Grand Hotel des Bains) - Introductory remarks by Term Chairs

- Delegates work in Committees

- Committee Speakers presentations







9

11.00 – 12.30 Cross Committee Reflections Session I – «The cumulative impact of financial regulation and digital technology on traditional banking and insurance models» (Guarda, Kempinski Grand Hotel des Bains)

Chair: Prof. Christos Gortsos - Secretary General, The Hellenic Bank Association

Global Financial Industry Committee, Banking Subcommittee, Global Financial Industry Committee, Insurance Subcommittee, Digital Innovation and Transformation Committee

Cross Committee Reflections Session II – « Responding to the challenges posed by an ageing world population» (Cresta 1&2, Kempinski Grand Hotel des Bains)

Chair: Dr. George Leeson - Co-Director, Oxford Institute of Population Ageing

Energy Markets Committee, Food Security Committee, Global Demographic Developments Committee, Creating Jobs Committee

12.30 – 13.30 Lunch (Les Saisons, Kempinski Grand Hotel des Bains)

Presentation by Julie Meyer - Founder and CEO, Ariadne Capital (Les Saisons)

14.30 – 17.30 Perspectives Drafting. Session 3 – Delegates work in Committee

17.30 – 18.30 Closing Panellists and Closing Panel Moderator Meeting (Presidential Suite, Kempinski Grand Hotel des Bains)

SEPTEMBER 24, 2016 (SATURDAY)


08.00 - 08.45 Presentation by Dr. Yoshihiro Kawai – Secretary General, International Association of Insurance Supervisors, Member of the FSB, Q&A Session (Les Saisons, Kempinski Grand Hotel des Bains)

09.00 – 10.30 Perspectives Finalizing. Session 4

– Delegates work in Committees








10.30 – 11.00 Coffee break (Foyer, Kempinski Grand Hotel des Bains)

13.30 - 14.30

10

11.00 – 12.30 Impact Road Map and Suggestions to the 2017 Agenda Finalizing. Session 5. Committees will discuss and finalize the impact road map and suggestions to the Committee Agenda 2017








Lunch (Les Saisons, Kempinski Grand Hotel des Bains)

Closing Ceremony: Committee Results Presentations – Final Perspectives Presentation by Committee Term Chairs followed by invited experts feedback (Les Saisons, Kempinski Grand Hotel des Bains)

Moderator: Mr. Jean-Luc Larribau - Dispute resolution lawyer at Freshfields Bruckhaus Deringer, G-20Y Association Spokesperson, G-20Y Association Advisory Board Member

Energy Markets Committee Term Chair: Mr. Nicola Melchiotti – Head of European Public Affairs and Regulation, Enel SpA, Belgium

Feedback by Mr. Benoît Lebot – Executive Director, International Partnership for Energy Efficiency Cooperation

Food Security Committee Term Chair: Prof. Mehdi Doroudi – Deputy Chief Executive, Primary Industries and Regions South Australia (PIRSA)

Food Security Committee Vice Term Chair: Ms. Giulia Baldi – Policy and Programme Officer, Nutrition Division, World Food Programme, Rome

Feedback by Prof. Jessica Fanzo – Bloomberg Distinguished Associate Professor of Ethics and Global Food & Agriculture, Johns Hopkins University

Global Financial Industry Committee, Banking Subcommittee Term Chair: Mr. Marcus Stein – Managing Director, Chief Operating Officer Corporate Banking and Securities, Deutsche Bank AG

Feedback by Mr. Karel Lannoo – CEO, Centre for European Policy Studies

Global Financial Industry Committee, Insurance Subcommittee Term Chair: Mr. Gregor Pilgram – Chief Financial Officer, Generali CEE Holding, Czech Republic

Feedback by Dr. Yoshihiro Kawai - Secretary General, International Association of Insurance Supervisors, Member of FSB

Global Demographic Developments Committee Term Chair: Mr. Yuji Nakahara – President & Representative Director, DSM Japan K.K. / DSM Japan Engineering Plastics K.K. / DSM Nutrition Japan K.K.

Feedback by Mr. Greg Shaw – Director, International and Corporate Relations, International Federation of Ageing

12.30 – 14.30

14.30 – 16.35

11

Participants Departures

07.00 - 09.00 Breakfast (Les Saisons, Kempinski Grand Hotel des Bains)

Digital Innovation and Transformation Committee Vice Term Chair: Mr. Krishna Navalpakkam – Director, Global Strategy & Development, Schneider Electric

Feedback by Mr. Andreas Harting – Co-Founder and Managing Director, Deloitte Digital

Transfer from the Hotel

G-20Y Summit Closing Dinner (dress code: casual; Meierei St. Moritz) - Open Air Concert, Painting Master Class, Dinner

Creating Jobs Committee Term Chair: Mrs. Olga Ryabova – Former Deputy Chairwoman, Rosbank

Feedback by Mr. Peter Cheese - CEO, Chartered Institute of Personnel and

SEPTEMBER 25, 2016 (SUNDAY)

18.30 - 19.00

19.00 - 23.30

12

G-20Y SUMMIT 2016 COMMITTEES

I. ENERGY MARKETS COMMITTEE

We are living an unprecedented energy transition. A pillar of economic growth, a driver of global development, a tool to reduce our carbon footprint and mitigate climate change: energy is at the center of a very profound transformation of our world. In the Energy Markets Committee we reflect on how all of this will play out and what we can contribute as individuals, organizations and thinkers to keep the north in a very turbulent period. In 2016 the Energy Markets Committee of the G-20Y Summit will discuss:

• How can we adapt to new market forces, new dynamics, and the volatility they are generating? What has to be changed, transformed or adjusted in our companies, institutions and individual behavior to make it work?

• After the COP21 in Paris, what are the steps we should take to tackle climate change in the most efficient and cost-effective way?

• What additional disruption (e.g. new technologies) can we expect in the following years and how can we embrace the change to build a better future? How can we best finance, mitigate and manage the cost of this transition?

• How can we conciliate global forces and local dynamics to build a coherent and efficient framework?

Sinan Ak,CEOZorlu Enerji Elektrik Üretim A.ŞTurkey

Pam Bains,Vice President – Network FinanceAurizonAustralia

Vanessa Gleason,Vice Annual ChairGeneral Manager - GBS Strategy and OptimisationRio TintoSingapore

Nicola Melchiotti,Committee Term ChairHead of European Public Affairs and Regulation EnelBelgium

13

Anas Kentab,Vice President - Global Polyethylene BU, Polymers SBUSabicSaudi Arabia

Manuele Battisti,Head of Business Development -East Africa Enel Green PowerItaly

Metin Tufekcioglu,İzmit Refinery ManagerTuprasTurkey

Yasuyuki Inami,Commercial DirectorNYK Energy Transport(Atlantic)Ltd.UK

René Matscheko,Head of Corporate Energy Managementvoestalpine AGAustria

Jo Coleman,Director, Strategy DepartmentEnergy Technologies InstituteUK

Targets, technologies, infrastructure and investments – preparing for the energy transitionDelivering affordable, secure and reliable energy to end users when they need it is the key objective of any energy system. The wide range of energy sources and uses, and the different technology and network infrastructure options that have to be integrated, make this a complex challenge. Many proposed solutions to mitigate climate change seem to ignore this, or at best offer a fragmented solution that meets the needs of a single sector only.The energy systems of different countries are already very different and likely to diverge further. Every country and region needs to rise to the challenge of meeting its citizens’ needs for energy services while reducing the catastrophic economic and social consequences of uncontrolled climate change. Whilst there are many commonalities between the

energy systems of different countries, each country will be blessed with its unique opportunities and challenges. These need to take advantage of global technology platforms such as low carbon vehicles, but they also present the distinct possibility that each will find its own unique package of solutions.Disruptive breakthrough technologies are welcome but we would be foolish to rely on them. We need to plan to transition to low carbon, by developing, commercialising and integrating known, but currently underdeveloped, solutions rather than hoping for silver bullets. Whether we work backwards from 2050 or forwards from today, the next decade will be critical in preparing for the transition. This presentation will explore these issues, illustrating why each country or region is likely to arrive at a unique solution, albeit within a global context.

ENERGY MARKETS COMMITTEE SPEAKERS AND PRESENTATIONS

14

II. FOOD SECURITY COMMITTEE

A fast-growing world population, estimated to reach 9.1 billion in 2050, presents numerous challenges, many of them requiring scientific and technical solutions. The Food Security Committee recognizes three critical themes among these challenges—food security, water security, and energy security, all in the context of sustainability and climate change—and the Society is organizing a series of conferences to address them. Today, about 800 million people go without sufficient food.The main aim of the work of the Food Security Committee of the G-20Y Summit is to establish recommendations on how to produce and provide healthy and safe food in a sustainable manner to the rapidly growing world population.

In 2016 the Food Security Committee of the G-20Y Summit will discuss:

• Sustainable access to fresh, healthy food for all nations;• Achieving sustained inclusive, agriculture-led growth of food production and supply.• Engineering adaptation and mitigation aspects of climate change;• Barriers that are most relevant to regional food security, including recent sanctioning policy, leading to limited access to fresh and diversified food supply.

James Rockall, CEO & Managing DirectorWorld Liquefied Petroleum Gas AssociationFrance

Energizing the world - challenges and opportunities of the clean energy transitionMore than 3 billion people currently have no access to clean; modern energy and over 7 million people die prematurely from air pollution, originating mainly from the use of traditional energy sources. According to UN Secretary General Ban Ki Moon: “Energy is the golden thread that connects economic growth, social equity and environmental sustainability”. Clearly this widespread lack of energy is holding back the future of our planet and it is particularly felt in areas of the world experiencing

rapid population growth such as Africa and Asia. While long term objectives should work towards zero emissions from energy provision, the world can no longer afford to wait for such solutions to become commercially viable. This presentation will address the key challenges in transitioning to modern energy across the world, highlighting the role, specifically, that liquid petroleum gas can play in realising the opportunities to improve poor health, drive greater energy efficiency and combat climate change, while acting as an energy bridge to the future.

15

Jan du Toit,Investment ExecutiveRemgro LimitedSouth Africa

Giulia Baldi, Vice Term ChairPolicy and Programme Officer The World Food Programme Italy

Ahmet Cagasan Yilmaz,Deputy General Manager - Finance & AccountingTat Gida A.S.Turkey

Prof. Mehdi Doroudi, Committee Term ChairDeputy Chief Executive, Primary Industries and Regions South Australia (PIRSA)Australia

Dr. Alain Vidal,Director of Strategic PartnershipsCGIAR Consortium of International Agricultural Research CentersFrance

Climate-smart agriculture: an opportunity for businessesThe world’s smallholder farmers – who provide much of the planet’s food supply – are under severe threat from climate change. While many businesses are stepping up their response to these complex global challenges and increasingly advocating for pragmatic and science-based solutions, they are frequently met with mistrust and opposition, especially from non-governmental organizations. Climate-smart agriculture is designed as a combination of strategies to help farmers adapt to climate change, mitigate their own CO2 contributions and ensure the future food security of the rural poor. Creating co-benefits from the combination of these three pillars can be complex.Generating co-benefits: There are many ways that businesses can bring climate-smart solutions to farmers that incorporate all three of these critical

pillars. Impact investment schemes around the world can finance carbon-saving initiatives that reduce carbon emissions and create a virtuous circle that can fund further climate change adaption strategies. Adaptation methods can in turn pay for mitigation, such as in index-based insurance, where private insurance companies work with national governments to set up schemes that secure farmers’ incomes in times of climate variability. Ambitions tailored for businesses: CGIAR has been working with the private sector through the World Business Council for Sustainable Development (WBCSD) to help design affordable and science-based solutions. Businesses can utilise these solutions and engage in climate-smart agriculture with realistic targets on smallholder resilience, scaling-up investment, progress monitoring, and sustainable land use.

FOOD SECURITY COMMITTEE SPEAKERS AND PRESENTATIONS

André Rhoen,Vice Annual ChairCommercial Director Human Nutrition & Health for Asia Pacific DSM Nutritional ProductsRoyal DSMSingapore

16

III. GLOBAL FINANCIAL INDUSTRY COMMITTEE - BANKING SUBCOMMITTEE

The Global financial crisis of 2007/08 was the worst financial and most severe liquidity crisis that Europe and the rest of the World faced since the Great Depression in the 30s. Since then, the G20 has fundamentally reformed the global financial system. The overall objectives are to build a safer, more resilient source of finance to better serve the needs of the real economy. By reducing the risk of future financial crisis and creating a more robust banking system these reforms are an essential prerequisite to the overall G20’s primary objective to enable strong, sustainable and balanced economic growth.However, despite significant regulatory achievements to date (e.g. the principles of Basel III and recovery and resolution planning) the volume of financial regulation continues to increase and is becoming more nationally/regionally focused, very prescriptive, and sometimes even conflicting. In addition, we see new players emerging that partially compete with the established market participants but do also offer a chance to fill the gaps where banks are forced to retrench more and more from certain activities due to the increased pressure caused by the regulatory environment (e.g. interest rate hedging, subprime lending, securitization). This trend comes along with the advancement of new technologies addressing specific client needs where digitalization serves as accelerator for many Fintech companies, occupying promising niches but quickly gain scale rolling-out their business model globally and disrupting the financial services industry on top.As a consequence, new business models are arising that are competing against traditional banks as end-customers turn to providers of alternative services. Some services are increasingly covered by players in the shadow banking sector that are not regulated and where pricing is sometimes suboptimal and counterparty risk is higher.In 2016 the Global Financial Industry – Banking Subcommittee of the G-20Y Summit will review and analyze the challenges and chances of those developments for the Banking industry as such,

Prof. Jessica Fanzo, Bloomberg Distinguished Associate Professor of Ethics and Global Food & AgricultureJohns Hopkins UniversityUSA

Ethical and social issues for human nutrition in the context of global food security and sustainable developmentOne of the great dilemmas of our time is how we will secure and provide plentiful, healthy and nutritious food for all, and to do so in an environmentally sustainable and safe manner while addressing the co-existing multiple burdens of malnutrition, such as nutrition-related infectious and chronic non-communicable diseases. The food security directive often focuses solely on ensuring the world is producing and consuming enough calories in bulk to reduce hunger and safeguard survival, as

opposed to a goal that includes nutrition for well-being and development. To advance the dialogue, it is necessary to address the ethical and social questions that swirl around integrating nutrition into the food security paradigm. Key issues to consider include how to make societal decisions and define values about food security that impact nutrition outcomes, and the trade-offs between environmental sustainability and ensuring that individual dietary and nutritional needs are met. Such complex issues underscore the need to articulate the broader landscape of the nutrition debate within global food security.

17

Kathryn Kaminsky,Vice Annual ChairPartnerPwCUSA

David Carter,CFO Banking & WealthSuncorp GroupAustralia

Steve Briscoe,Group Head of Technology and OperationsLCH GroupUK

Patrick Mang,Lead for Innovation Strategy - Group Strategy and PlanningHSBC HOLDINGS PLC HGHQUK

Angelo Manos,General Manager - Specialised SegmentsANZ Australia

Marcus Stein, Committee Term ChairManaging Director, Chief Operating Officer Corporate Banking and Securities Germany, Deutsche Bank AGGermany

Maria Teresa Dreo,Head of Real Estate GermanySenior Vice PresidentUniCredit Bank AGGermany

• What are recent developments in the largely unregulated non-bank financial sector and what are threats but also opportunities for the ‘traditional’ banking industry?• What are the strategic implications of the increased regulation as well as recent developments in the industry to the business model of global (universal) banks and what are potential scenarios for the next 5-10 years?• What is the impact of digitalization and other emerging technology trends (e.g. Blockchain) to the financial services industry and what is required of market participants to benefit from those trends?• What are the recommendations to policy makers, regulators and market participants to ensure an efficient and well functioning banking sector which continues to fulfill its macroeconomic mandate and to ultimately achieve the overall G20’s primary objective of a strong, sustainable and balanced economic growth?

Paisarn Lertkowit,Senior Vice President, Treasury Division, Investment Banking GroupBangkok Bank PCL.Thailand

Günther Pastl,Head of Group Treasuryvoestalpine AGAustria

Meike Peemöller,Chief Auditor Chief Administration Officer, Group AuditDeutsche Bank AGGermany

18

Herbert Seitner,Regional Vice President Central EuropeWestern UnionAustria

Regulation, digitization and client focus are at the center of any strategic decision in banking. Given regulatory changes, global universal banks have become less global than they were 10 years ago. On the one hand, regulation has resulted in consolidation within borders. Banks have had to refocus, while closing smaller international operations due to a lack of profitability. The fact that regulation and oversight of foreign subsidiaries have not been harmonized across national and regional boundaries has added to costs, and limited potential returns to scale. This also implies that the potential gains from digitization (FinTech) can be fully garnered by global banks. Indeed, “global” FinTech is experiencing similar kinds of “local” regulatory constraints. While FinTech start-ups have moved swiftly from the financial sector’s “periphery” toward its core, innovators increasingly face the challenge of regulation. With regulators exhibiting zero tolerance for noncompliance in finance, a crypto-currency provider has for example

been fined by US authorities for failing to report suspicious transactions. More recently, “shadow banks” (e.g. large fund companies), which have grown strongly in recent years, are also beginning to face high regulatory attention, in part due their interconnectivity with the highly-regulated part of the industry, and the awareness of increasing illiquidity risks in markets. All this suggests that threats to traditional international banking may be exaggerated, not least because the incumbents have been busy rebuilding the financial system and complying with new rules and regulations. While innovators will continue to compete with banks, collaboration might in fact prove an attractive business proposition for both sides, allowing traditional banks to (re-)gain cost and operational efficiency, while new entrants remain part of the big picture in finance. The trend towards regulatory technology – or “RegTech” – underpins the collaboration model.

Michael Strobaek,Global Chief Investment Officer& Head Asset ManagementCredit Suisse Group AGSwitzerland

GLOBAL FINANCIAL INDUSTRY COMMITTEE - BANKING SUBCOMMITTEE SPEAKERS AND PRESENTATIONS

Christoph Zschaetzsch,Head of Banking & Credit ClientsDeutsche Bank AGGermany

19

James Orchard,Vice Annual ChairGeneral Manager, Product Innovation, IAG LabsInsurance Australia GroupAustralia

Gregor Pilgram,Committee Term Chair CFOGenerali CEE HoldingCzech Republic

III. GLOBAL FINANCIAL INDUSTRY COMMITTEE - INSURANCE SUBCOMMITTEE

In the aftermath of the global financial crisis, G20 member States have made considerable headway in global financial reforms aimed at preventing a repeat of the financial crisis. The risks faced by the insurance industry are relatively different than other financial sectors. While regulations are being reviewed in different parts of the world, other trends are also transforming the insurance industry, among them, the climate change, the ageing of the population and the impact of digitalization and big data.

In 2016 the Global Financial Industry - Insurance Subcommittee of the G-20Y Summit will discuss:

• Appropriateness of Global Insurance regulation and the need for harmonization;• Digitalization and emergence of the sharing economy;• Climate change and prevention;• Pension funding; and Privacy issues and moral hazards around big data

A Perspective on the state of play in banking and ways forwardWhile banking profits reached a record in 2015, and ROEs stabilized in many regions, banking is under significant pressure with margins on a constant decline, revenues flat, attackers starting a fight for the customer and regulation becoming ever more rigid. Technology and regulation are challenging banks’ business models through lower switching costs, higher price transparency, lower cost of service and rising customer expectations. Most attackers do not want to become regulated banks but are

targeting sales and origination of products. Banks face a choice: they can either take on the fight for the customer or they can embrace commoditization and become balance sheet operators. If they decide to fight for the customer, they need to achieve a step-change in customer centricity including a brand repositioning, delivering intuitive, emotionally appealing customer experiences and digitizing the bank across distribution, data and IT architecture, operations and risk management. We will discuss challenges for and needs of the industry on how to respond to those step changes.

Dr. Holger HarreisBanking Subcommittee SpeakerPartner, Head of Global Digital Risk Service LineMcKinsey & CoGermany

20

Gavin Robinson,Executive Vice President and General Manager, Asia DivisionManulife FinancialJapan

Francesco Martorana,Head of Group ALM&SAA Generali GroupItaly

Yasuhiro Kimura,Manager and Head of M&A Transaction TeamTokio Marine Holdings, Inc.Japan

Jacques Cornic, Partner, Head of Insurance Advisory PracticeKPMG FranceFrance

Mark Julian,Director and CEOTokio Millennium Re AG, UK BranchUK

Kazufumi Itabashi,Liaison ManagerROBECO Group N. V.ORIX CorporationThe Netherlands

Common interest between regulators and insurers on consumer protection: to what extend?The regulation on Consumer & Policy holder protection has been significantly increased over the last years especially in Europe through PRIIPS and IDD as well as the regulation to build a common framework to protect data privacy. At the same time most global insurer have at the heart of their strategy to become more client centric. For once regulations could to a large extend converge with the commercial strategy of insurers who wants to be more aligned with the fundamental interest of their policyholders (“Client Centricity” / “Treat Customer fairly”). It is highly probable that the

digital revolution will be the key enabler to facilitate and meet this target. Data analytics techniques will also significantly improve pricing capabilities of insurers. We can expect that risk prevention will be more and more promoted by insurers in counterpart of better price and could influence the policyholders’ behavior in their day to day life. While this trend might in many respect be beneficial, it questions the “risk mutualisation” principle inherent to insurance. This situation could also prevent progressively some policyholders from getting insurance coverage at an affordable price … which at some points will probably require actions from regulators.

GLOBAL FINANCIAL INDUSTRY COMMITTEE - INSURANCE SUBCOMMITTEE SPEAKERS AND PRESENTATIONS

21

Masaaki Tobimoto,Vice Annual ChairSenior Manager, Corporate Initiative Group, Project Promotion OfficeLIXIL Group, LtdJapan

Yuji Nakahara,Committee Term Chair President & Representative DirectorDSM Japan K.K. / DSM Japan Engineering Plastics K.K. / DSM Nutrition Japan K.K.Japan

The world’s demographics is coming to an interesting turn. Historic discussions mainly focused on the explosion of the population in developing nations, and the stress that it gives on food, water, energy, and other social infrastructure and resources. Where that phenomenon still holds true, another angle is becoming simultaneously pronounced to complicate the matter – the decline of the workforce. The developed world’s workforce is forecasted to peak out and started to decline as of next year – to shrink 5% by 2050. China’s population is anticipated to peak by 2030, but the population between 15-65 will already decline before 2020. The country with the world’s largest population will quickly become the largest aging economy.

In 2016 the global Demographic Developments Committee of the G-20Y Summit will discuss the following – putting a light on this element that impacts global economy.

• What is the significance of the declining workforce in the global demographics trend, how does it differ among segments, and what is the impact and implications to the society and global economy in terms of supply and demand?• What additional changes/scenarios can we foresee in the 10-20 years?• How can we adopt to this new dynamics and what are the potential levers that G20 countries may consider to apply? What can companies, institutions, communities, and individuals do to adjust to this reality?

IV. GLOBAL DEMOGRAPHIC DEVELOPMENTS COMMITTEE

Dr. Yoshihiro KawaiSecretary GeneralInternational Association of Insurance SupervisorsMember of the FSBSwitzerland

Global Insurance Capital StandardThe International Association of Insurance Supervisors (IAIS) is committed to developing global insurance capital standard (ICS). The first version will be developed in mid-2017 and the second version will be in 2019. This standard will be comparable to the banking Basel Capital Accord for

the banking sector and will have significant impact on insurance companies and supervisors around the world. Dr Kawai will describe key features of the ICS – in particular (1) brief background, (2) scope, (3) main regulatory requirements, (4) development timeline, and (5) implementation issues.

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Raşit Çiloğlan,Strategic Planning and Coordination ManagerVestel Group of CompaniesTurkey

Raffaele Lorusso,Head of Business Development Department Italferr S.p.A.Italy

Satoko Yamaguchi,Group Leader, Corporate Financial ControllingLIXIL Group, LtdJapan

Ali Yalçın,Director, Strategy and Business Development ZORLU HOLDİNG A.Ş.Turkey

Xian Zhuang,General Manager, Procurement & Sourcing DepartmentMitsubishi Heavy Industries Asia Pacific Pte. Ltd.Singapore

Jörgen Moschini,CFO, CIO and Executive Vice PresidentGKN Aerospace Engine SystemsSweden

Dr. Jan Mischke, Senior FellowMcKinsey Global InstituteSwitzerland

The policy and business implications of an aging worldAging may slow global growth by as much as 40% over the coming decades, unless productivity growth picks up. Dependency rates, the ratio of retirees that people of working age need to support are set for a steep increase burdening pension systems. Those pension systems, in turn, may not be able to count on the capital returns they saw in the past if investments continue to decline. The workforce will get smaller and older, and with it, consumption will materially shift.

How can policymakers safeguard the sustainability of pension systems without putting too much burden on the old or the young? And how can they support growth?How can companies retain and make best use of older workers? How should they think about their salary trajectories? How can they sustain – and up – their rate of innovation and productivity growth to compensate slowing demographic growth? And how will they need to amend their product, service, and geographic offering to meet the needs of an aging world?

GLOBAL DEMOGRAPHIC DEVELOPMENTS COMMITTEE SPEAKERS AND PRESENTATIONS

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V. CREATING JOBS COMMITTEE

On 25 September 2015, the 193 countries of the UN General Assembly adopted the 2030 Sustainable Development Agenda: “Transforming our world’”. The Sustainable Development Goal No. 8 aims to “Promote sustained and inclusive and economic growth, full and productive employment and decent work for all”. The UN goal makes it clear that sustainable economic growth is significantly linked with full employment and work for all. Last year the Creating Jobs Committee’s work was concentrated on the following issues:• Youth unemployment• Women empowerment and gender equality• Labour supply and demand planning

Demographic Upheavals as Agents of ChangePopulation ageing, globalization, and urbanization are forces of demographic change that impact every human being, every community and every nation. The most conspicuous force is population ageing, but this is not all about older people, but rather more about the emerging trends bought about through migration, increased longevity, and the shifting landscape of adolescents and young adults. Ageing is often associated with ‘burden of care and familial responsibility.’ Without a new evidence based narrative tensions may rise in many countries as younger generations feel either less reason to, or have a reduced ability to take their rightful place in society.Fostering relationships between the generations will contribute to improved understanding of generational contributions and also overcome negative stereotypes and ageist attitudes in the community. The following issues and questions will be raised and analyzed in the course of the

presentation:A life course approach to healthy ageing: The interplay between intrinsic capacity and the environment are powerful predictors of functional ability, i.e. being able to do what you most value. Intersectoral actions within a public health framework have tremendous potential to positively impact the social and economic dividend. Combating ageism through generational solidarity: Stereotyping and discrimination against individuals or groups based on their age presents a real threat to generational prosperity and respect. Ageism alongside racism and sexism is pervasive, insidious and a global phenomenon.Introducing laws that make age discrimination illegal, increasing opportunities for intergenerational teams, and campaigns to challenge the myths and inaccurate stereotypes only go part of the way to combatting this ‘ism.’ A paradigm shift that enhances the contributions of all generations is essential create inclusive environments that embrace age diversity.

Greg Shaw Director, International and Corporate RelationsInternational Federation of AgeingCanada

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In 2016 the G-20Y Summit will work towards continuing to create powerful solutions to the challenges we, as generation G-20Y, are currently facing in these areas. The Creating Jobs Committee of the G-20Y Summit will raise the issues tackled throughout the 2015 summit, while simultaneously adding new ones to the agenda:• Talent development• Entrepreneurship and intrapreneurship • How to make the labour market accessible for everyone (the elderly, disabled, migrants, or any other population groups who may suffer from discrimination in terms of job accessibility)• Coping with structural unemployment

Dr. Anil khurana,Vice Annual ChairPartner PwCUAE, USA

Isabelle Ardouin,Deputy General Manager ENGIE Futures EnergiesFrance

Colleen Devine,Head of Talent & Human Capital PlanningRio TintoUK

Shannon Schuyler,Principal, Chief Purpose Officer & Corporate Responsibility Leader, and PresidentPwC Charitable FoundationUSA

Liz Stevenson,Head of Regulatory Strategy and Government Relations, EuropeLondon Stock ExchangeUK

Raymond Ndlovu,Investment ExecutiveRemgro LimitedSouth Africa

Jorge Lukowski,Institutional Relations DirectorAeropuertos Argentina 2000 S.A.Argentina

Olga Ryabova,Committee Term СhairFormer Deputy Chairwomanof the BoardRosbankRussia

Karsten Vierke,Leader Professional Lighting DACHPhilips Lighting GmbHGermany

Sule Zorlu,Board MemberZORLU HOLDİNG A.Ş.Turkey

Artyom Zdunov,Minister of EconomyRepublic of TatarstanRussia

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Jacques Bughin Director and Senior PartnerMcKinsey Global InstituteBelgium

Peter Cheese CEOChartered Institute of Personnel and DevelopmentUK

Skills and jobs in digital platform economyAs traditional work environments are increasingly disrupted by digital platforms of independent workers, companies, policymakers, and civil society will need to redefine the concept of a “job” – and evolve work arrangements, policies and institutions to the new digital realities. One specific challenge is the changing requirement

for skills needed to work productively alongside ever smarter machines. Beyond talent needs in deep analytics, big data, and other STEM-type skill sets, the digital economy will place a premium on hard-to-automate skills like creativity, emotion and empathy, or initiative taking. How can our educational systems, hiring practices, and on-the-job training evolve to meet future demands?

Future jobs and labour market trends – influencing supply and demandThe jobs and labour markets in recent years have been going through significant change, and there are now strong emergent trends that will shape the future nature of jobs possibly more significantly than we have ever seen. Many are talking of a fourth industrial age when technology, the internet of things, robotics and artificial intelligence start to significantly reshape many jobs, organisations, and sectors.Changing nature of work and organization. Whilst overall employment rates are generally returning back to the levels seen before the 2008/9 global financial crisis, the nature of jobs, the ways in which people work, the kinds of skills they need are all changing. More people are choosing to work self-employed or in small businesses, and the emergence of business models like Uber where individual drivers bid for discrete tasks of work has led to the rise of the so called ‘gig’ economy. There forms of

working create challenges from employment rights, to welfare systems, and issues such as how and where people get trained and develop their skills for the future.Skills gaps and future learning. From a skills perspective, we can already see that there is a growing mismatch of skills from education to the world of work. Youth unemployment remains stubbornly high in many economies, alongside an ageing population who will need to work longer. More consistent approaches to lifelong learning will need to be considered and where and how governments and organisations support the more regular upskilling and reskilling of workers that will be needed for the future. The right balance of routes in to work, from higher education to apprenticeships, alongside better careers advice and guidance will also be needed to ensure people have the best opportunities and access to the changing jobs market.

CREATING JOBS COMMITTEE SPEAKERS AND PRESENTATIONS

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Dr. Thannaletchimy ThanagopalAdviserInternational Organization of EmployersSwitzerland

Need for strategic approach. With all these trends, there is need for more strategic thinking and joined up approaches between government, education, organisations, and individuals, and where the responsibilities and responses lie.

Driving Change – Employers’ Contribution to the SDGs and the Changing World of Work 193 countries of the UN General Assembly have recognized that more needs to be done to address unemployment, raise labour force participation and create more jobs, resulting in the adoption of the Sustainable Development Goals, in particular Goal 8 which aims to “Promote sustained and inclusive and economic growth, full and productive employment and decent work for all”. As part of the UN multilateral system, the ILO is given an important role in promoting and assisting member States’ efforts to implement Agenda 2030. Given ILO’s mandate and the close interconnectedness between the SDGs and ILO’s Decent Work Agenda, the ILO is taking a lead on the SDG Goal 8. The role accorded to the private sector is distinct in Goal 8, which recognizes the fundamentality of sustainable economic growth and links employment and decent work to it. The IOE sees the Agenda 2030 implementation as an opportunity to assert a private sector leadership where appropriate on key issues of national

development agenda. As the Secretariat of the Employers’ Group within the ILO and as the global voice of business, the IOE is pushing for the ILO to support its constituents in several ways:1. Educate further on the 2030 Agenda and its implications at the global and national level’2. Ensure that policy responses and services to the constituents reflect the integrated and balanced approach adopted by the SDGs, and particularly the recognition of the role of business;3. Develop tools and implement capacity programmes to enable constituents to participate in the national dialogue process well-equipped to make a contribution on behalf of their members;4. Revitalize social dialogue and develop initiatives to link it to the national policy dialogue; and 5. Mobilise resources to support constituents throughout the process.This presentation will elaborate on these points and further provide updates on the ILO’s approach to Agenda 2030.

VI. DIGITAL INNOVATION AND TRANSFORMATION COMMITTEE

The focus and impact of the internet and development of digital technologies are happening concurrently at an accelerated pace. Individuals are becoming increasingly empowered with persuasive access to real-time information through social networks and mobile devices. Businesses and entire industries are under tremendous pressure to transform their operating models using digital technologies to address changing customer expectations. Regulators and policy makers have a key role to play in unlocking the enormous economic and social benefits from the adoption of digital technologies while mitigating the associated risks. Society’s transformation from consumption and productification to knowledge and efficiency and steps supporting that is the real focus for digital and innovation acumen.

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Robin van Rozen,Managing Director UK & Ireland, Personal Health Philips UK

Roman Shaykhutdinov, Acting Deputy Prime Minister - Acting Minister of informatizationsRepublic of TatarstanRussia

Krishna Navalpakkam,Vice Term ChairDirector - Global Strategy & DevelopmentSchneider ElectricHong Kong(France)

Jonas Kjellstrand,Committee Term ChairSr. Executive AdviserSAS Institute Inc.Sweden

Alejandro Enrique Araujo Gómez,Founding PartnerInteltrafico SAMexico

Roman Evdokimov,Senior Brand ManagerEnel SpaItaly

Maurizio Fanelli,Head manager, Passenger DivisionTrenitalia S.p.AItaly

Nitin Jain,Global Strategy & Development DirectorSchneider ElectricHong Kong

Liz Maguire,Vice Annual ChairHead of Digital & TransformationANZ New Zealand Ltd.New Zealand

Umesh Deshpande,Senior General ManagerMitsubishi Heavy Industries Asia PacificSingapore

In 2016 the Digital Innovation and Transformation of the G-20Y Summit will focus on various sub-topics including:• Promoting reliable and affordable digital connectivity• Cyber-security and online data privacy• Creation of platforms to facilitate new partnerships, collaborations, mind sets among stakeholders • Digital innovation in the public sector, such as Education and Healthcare• Data regulation and governance (EU directive etc.)• New business models based on effective and efficient platforms and usage• Technology transformation from client-server to cloud infrastructure• Societal adaptation to new technologies.

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Gianpiero Strisciuglio, Executive Director of Department Sales and Network Management Rete Ferroviaria Italiana S.p.A.Italy

Roddy Thomson,Openreach Chief Operating Officer & MD Service DeliveryBT GroupUK

Mohammed Saleh Al-Wakeel,Vice President, InvestmentSabicSaudi Arabia

Danielle Walsh,Vice President, Global Banking Management, Global Banking & MarketsHSBC Bank PlcUK

Emre Zorlu,Board MemberZORLU HOLDİNG A.Ş.Turkey

Anna BorgSenior Vice President NordicsKlarnaSweden

The digital transformation is dramatically influencing every part of society, business and everyday life.The consumer of today is expecting that any product, service or choice is available to them anytime, anywhere in the channel of their choice. For the millennials that channel would be the mobile phone. 87% of millennials say that the smartphone is never leaving their side. There are websites, apps and social media for any part of life. The companies, regardless if it’s retailers, service providers or financial institutions need to serve these consumers in the way they expect. If not, you are soon obsolete. And what was cutting edge yesterday will be outdated tomorrow. New players are emerging that are basing their business model and offer on the digital technology and they grow rapidly. Geographical limitations

have dramatically decreased. These new players have erased entire industries - travel agencies are replaced by online sites, music sales is not done in record stores but via Spotify and postcards has moved from the souvenir shops to the Facebook account. What has happened in travel and music, is now happening in banking and finance. At the same time existing companies and corporations, with and existing business model, assets, infrastructure, employees and way of working - need to transform rapidly and dramatically. Some will be able to use their size and resources to their advantage. Others will disappear. It is not about changing the way we work - it is about working in a totally new way. To succeed it will be necessary to cannibalize on existing business in order to grow new one. Who will be brave enough?

DIGITAL INNOVATION AND TRANSFORMATION COMMITTEE SPEAKERS AND PRESENTATIONS

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Andreas HartingCo-Founder and Managing DirectorDeloitte DigitalGermany

Be digital or be dead! – How to successfully transform your organization!Exponential technologies are disrupting entire industries, organizations and individuals at unprecedented speed. The world is facing change as it did in the industrial revolution - just much faster. Governments will have to follow suit and provide guidance on local, national and international level to allow individuals as well as organizations to prosper in a world where everyone competes with everyone on everything. Only the ones who are able to transform into the digital age and become constant

innovators will be able to flourish in the long term.There is no single blueprint for digital transformation – organizations have to find their own way, depending on their industry, type of organization, leadership and most importantly – culture. “Imagine, deliver and run the future” is a framework used by Deloitte Digital to transform its organization internally as well helping their clients to do so. Approach, cases and key success factors will be shown in the presentation to help firms tackle the challenges successfully and also drive digital innovation in governmental organizations.

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Prof. Christos GortsosChairReflections Session ISecretary GeneralHellenic Bank AssociationGreece

Reflections session i: “the cumulative impact of financial Regulation and digital technology on tRaditional banking and insuRance models”

G-20Y SUMMIT REFLECTIONS SESSIONS

THE CUMULATIVE IMPACT OF FINANCIAL REGULATION AND DIGITAL TECHNOLOGY ON TRADITIONAL BANKING AND INSURANCE MODELS

Traditional banking and insurance models are under change. Apart from other underlying reasons (including the unknown territory of negative interest rates), two are the main drivers: the new regulatory framework that has gradually been shaped after the recent global financial crisis, and is still in the making, and the competition faced by banks and insurance companies from (‘digital financial entities’ which base their business model on digital technology). In this respect, several issues arise: With regard to regulation: is over-regulation the correct response in order to achieve the policy goals pursued, i.e. financial stability and consumer protection – what is the role of supervision? what is the role of financial macro-prudential oversight and micro-prudential supervision? With regard to competition from new types of financial services providers: what is the real competitive advantage of these entities? how could banks and insurance companies internalize part of these entities’ niche positions?

The Session will gather 3 Committees: Global Financial Industries Banking and Insurance Subcommittees and Digital Innovation and Transformation Committee:

1. The Сhair of the Session provides to the audience the format of the Reflections Session and its general overview;2. The Chair of the Session makes an introductory speech;3. 5 min reflections by the Vice Annual Chair of the Banking Sub Committee;4. 5 min reflections by the Vice Annual Chair of the Insurance Sub Committee;5. 5 min reflections by the Vice Annual Chair of the Digital Innovation and Transformation Committee;6. Each participant of the session is expected to provide his/her reflections on the topics discussed.7. The Chair of the Session summarizes the outcomes of the Reflections Session

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Key points suggested to the Vice Annual Chair of the Banking Sub Committee to address in their feedback reflections:

1. Banking regulation (including micro- and macro prudential regulations, rules on remuneration policies, recovery and resolution planning, as well as structural reforms) has taken dimension unprecedented during the last forty years of financial activity. In this respect it is important to reflect on the following: • the (heavy) compliance costs involved;• the ability of banks to raise own (and borrowed) funds in order to meet the capital requirements imposed on them under any heading (solvency ratios, leverage ratios, TLAC, MREL) in an environment of massive demand and relatively law returns of equity (due exactly to the new regulatory framework); • whether part of the niche of ‘digital financial entities’ can be attributed to the laxer supervisory and/or regulatory framework under which they operate;2. Are there any indications for the steady state in bank business models in face of recent development (by type of banks);3. Laxer regulation and stricter supervision by genuinely independent supervisors: is this a way out?

Key points suggested to Vice Annual Chair of the Insurance Sub Committee to address in their feedback reflections:

• Micro-prudential insurance regulation has focused on stricter capital requirements (e.g. the Solvency II framework under EU law). In this respect the following concerns arise:- the (heavy) compliance costs involved; - the impact (constraint) of negative interest rates in meeting the new regulatory requirements.• ‘Digital financial entities’ compete to insurance companies under laxer rules. The concern arises whether this constitutes part of their niche;• Are there any indications for the steady state in insurance business models in face of recent development (by type of insurance activity/intermediation);• Laxer regulation and stricter supervision by genuinely independent supervisors: is this a way out?

Key points suggested to Vice Annual Chair of the Digital Innovation and Transformation Committee address in their feedback reflections:

• What is the niche of ‘digital financial entities’ by field of financial activity;• What are the economies of scale and scope that these entities can potentially exploit;• How would a level playing field with regard to financial regulatory and supervisory requirements affect these entities’ activity/profitability/business models; • How can potentially banks and insurance companies internalize part of the niche position of these entities.

During the Session the participants shall:

• reflect on recent developments in banking and insurance regulation, including micro- and macro prudential regulations, rules on remuneration policies, recovery and resolution planning, as well as structural reforms;

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• reflect on the competition for banks and insurance companies from ‘digital financial entities’, i.e financial services providers which operate in a differentiated regulatory and supervisory environment and base their business model on digital technology;• share their knowledge about the cumulative impact of financial regulation and digital technology on their own business models; • exchange views and opinions on adequate and valid proposals to be submitted by the financial sector with regard to a ‘regulatory pause’ under consideration of the need to achieve the dual policy goals of financial stability and protection of the economic interests of consumers;• exchange views and opinions on potential fields of cooperation with ‘digital financial entities’.

Reflections session ii Reflection session ii – “Responding to the challenges posed by an ageing

THE CHALLENGES AND OPPORTUNITIES OF WORLD POPULATION AGEING

The dynamics of population are essentially central to every aspect of planning at every level: individual, familial, community and societal. Thus, an understanding of demographic change is a prerequisite for all policy making – even for our life-course planning. How do we as individuals and as members of families and communities and institutions (including theatre groups) address demographic change? The ageing of the world’s populations causes concern in some quarters because of the increasing imbalance between the proportion of the population economically active and the proportion inactive, which puts pressure on the distribution of welfare and the transfer of resources from the active to the inactive. On the other hand, this ageing is also regarded as one of the major success stories of the 20th century and it is expected to continue and even gain momentum in terms of longevity across the 21st century. Population ageing is a result of the development over time of the demographic components: fertility,mortality and migration. Each of these plays an important role in shaping the societal infrastructures that must be in place to meet the demands of the population – from child care to schooling to familysupport to housing to environmental welfare to workplaces to health care to care and services for older people.

The Reflections Session II will gather 4 Committees, namely Energy Markets Committee, Food Security Committee, Global Demographic Developments Committee, Creating Jobs Committee:

1. The Сhair of the Session provides to the audience the format of the Reflections Session and its general overview

Dr. George LeesonChairReflections Session II Co-DirectorOxford Institute of Population AgeingUK

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2. The Chair of the Session makes an introductory speech highlighting critical topics with regards to the Responding to the challenges of an ageing world. 3. 5 min reflections by the Vice Annual Chair of the Energy Markets Committee4. 5 min reflections by the Vice Annual Chair of the Food Security Committee5. 5 min reflections by the Vice Annual Chair of the Global Demographic Developments Committee6. 5 min reflections by the Vice Annual Chair of the Creating Jobs Committee7. Each participant of the session is expected to provide his/her reflections on the topics discussed. 8. The Chair of the Session summarizes the outcomes of the Reflections Session.

Key points suggested to Vice Annual Chair of the Global Demographic Developments Committee to address in their feedback reflections:

• Current demographic trends regarding the issue of aging• Key conditions affecting the health and wellness of an ageing population and ideas for future strategic directions

Key points suggested to Vice Annual Chair of the Creating Jobs Committee to address in their feedback reflections:

• Future jobs in demand in the ageing population• How does the ageing of employees affect human resources?• Ageing population: pressure, talent needs & talent loss risks

Key points suggested to Vice Annual Chair of the Energy Markets Committee to address in their feedback reflections:

• Dynamic relationship between the demographic changes and ageing population and its consequential effect on the energy demand• The effect of age on residential energy demand• The effects of population growth and ageing on climate

Key points that you would like Vice Annual Chair of the Food Security Committee to address in their feedback reflections:

• Population ageing: major implications for patterns of agricultural production and food security• How food and drink companies are tailoring their products for the needs of older consumers: identifying market opportunities and gaining insights into future industry directions

During the Session the participants shall:

• reflect on challenges and opportunities of world population ageing, • share their knowledge about shaping the societal infrastructures, and • exchange views and opinions on the increasing imbalance between the proportion of the population economically active and the proportion inactive.

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G-20Y SUMMIT OPENING SPEAKER

Michael MiebachOpening SpeakerChief Product OfficerMastercardNew York

G-20Y members have a unique opportunity to pursue white space opportunities that are profit-driven and purpose-driven. Positioned for innovation and collaboration, together we can increase international cooperation, create jobs, and drive long-term prosperity that’s enjoyed more widely. Mastercard chief product officer Michael Miebach will share Mastercard’s journey to finding white space opportunities that create new revenue streams to grow its business and that enable economic growth that’s more inclusive and equitable for more people – all amid massive global change.

SEIZING WHITE SPACE OPPORTUNITIES

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Jo ColemanEnergy Markets CommitteeDirector, Strategy DepartmentUK Energy Technologies InstituteUK

The energy industry is facing multiple intertwined challenges – but these are not just for the energy industry. These challenges need to be tackled by, and will impact, every one of us – as consumers, businesses, investors and citizens. On the one hand, the world’s demand for energy services is expected to grow as the global population grows and with a burgeoning middle class society in developing countries. BP’s Energy Outlook suggests that total global energy consumption could grow by over 30% by 2035, driven by population and economic growth. On the other hand, climate change calls for a major energy transition towards renewables and other low carbon technologies; not just in power, but across heating and cooling, transport and industry. Meeting a 1.5ºC target calls for a more rapid

transition than almost any Government is prepared for and we are fast running out of time to avoid overshooting this target. Energy infrastructure generally has very long lead times and operational lives and infrastructure put in place now is likely to be with us well into the second half of this century. Then there are the demands of customers for better energy services, more control and transparency over what they get and what they pay for it, and a desire to think and act local and to participate in distributed energy schemes and become prosumers. IT can facilitate much of this and brings with it opportunities for new entrants, new business models and an acceleration of the pace for change. How is the incumbent energy industry set up to respond to the opportunities and challenges this brings? Is it acceptable to put the emphasis on

Global financial regulatory standard settingGlobal financial regulatory standards have significant impact on jurisdictional financial rule making. Dr. Kawai will describe (1) why global financial regulatory standards are important, (2) what they are, (3) who and how develop them. He will describe in particular global standard setting

activities from the recent financial crisis. He will cover not only financial sector specific standards but also standards across the financial sector (e.g. recovery and resolutions, G-SIFI policy measures). He will explain key features of global financial sector standard setters.

Dr. Yoshihiro KawaiBreakfast SpeakerSecretary GeneralInternational Association of Insurance SupervisorsMember of FSBSwitzerland

G-20Y SUMMIT OPENING PANELLISTS

PRESENTATION BYDR. YOSHIHIRO KAWAI

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Michael Strobaek Global Financial Industry Committee - Banking SubcommitteeGlobal Chief Investment Officer & Head Asset ManagementCredit Suisse Group AG

Dr. Alain VidalFood Security CommitteeDirector of Strategic PartnershipCGIAR Consortium of International Agricultural Research CentersFrance

Climate-smart agriculture: an opportunity for businessesThe world’s smallholder farmers – who provide much of the planet’s food supply – are under severe threat from climate change. While many businesses are stepping up their response to these complex global challenges and increasingly advocating for pragmatic and science-based solutions, they are frequently met with mistrust and opposition, especially from non-governmental organizations. Climate-smart agriculture is designed as a combination of strategies to help farmers adapt to climate change, mitigate their own CO2 contributions and ensure the future food security of the rural poor. Creating co-benefits from the combination of these three pillars can be complex.Generating co-benefits: There are many ways that businesses can bring climate-smart solutions to farmers that incorporate all three of these critical

pillars. Impact investment schemes around the world can finance carbon-saving initiatives that reduce carbon emissions and create a virtuous circle that can fund further climate change adaption strategies. Adaptation methods can in turn pay for mitigation, such as in index-based insurance, where private insurance companies work with national governments to set up schemes that secure farmers’ incomes in times of climate variability. Ambitions tailored for businesses: CGIAR has been working with the private sector through the World Business Council for Sustainable Development (WBCSD) to help design affordable and science-based solutions. Businesses can utilise these solutions and engage in climate-smart agriculture with realistic targets on smallholder resilience, scaling-up investment, progress monitoring, and sustainable land use.

Governments to provide a carbon price or subsidies? What role can other businesses play in reducing their own carbon footprint, influencing society and demanding (and being prepared to pay for) cleaner energy sources? How can low carbon technology development, demonstration and deployment

access cheaper finance? How do we leverage the potential co-benefits of the transition such as in health, agriculture and reducing poverty? These are some of the issues that I would like to see debated during the discussions at this Summit.

The global financial crisis is behind us, and the major global banks have significantly strengthened their capital positions. Nonetheless, banks must continue to rebuild trust with their key stakeholders, from shareholders through to the general public. To achieve this prime objective, anticipating changes

in the regulatory and compliance framework will be crucial. On an operational level, banking business models will have to embrace the opportunities offered by the ongoing digital revolution.Speed, and the ability to change routines, will be crucial. While competition is fierce in many areas of finance,

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and enterprises external to the industry may try to enter some of the core business areas, a holistic approach to banking, and to private banking in particular, remains the key to success with growing client segments in an ever more complex world. Finally, at the macroeconomic level, banks will continue to need to optimize their business in a world of low financial returns and unconventional monetary policies, while at the same preparing for potentially abrupt shifts in markets, as such policies are “tapered” or even reversed. While a

rise in interest rates and a steeper yield curve are usually beneficial for bank margins, too rapid an increase in rate expectations could lead to renewed market turbulence. Despite all these challenges, restructured and strengthened global banks should once again prove themselves able to contribute positively to sustained economic growth, through their key roles of credit creation and allocation, as well as the management of growing wealth in most areas of the world.

Jacques Cornic Global Financial Industry Committee - Insurance SubcommitteePartner, Head of Advisory InsuranceKPMG France

How to better address systemic risk in the insurance industry?At a time where IMF expressed worry in respect of the risks that the life insurance industry is bearing resulting both from the low interest rate environment as well as the ownership of the more risky assets, it is more and more difficult for insurers to argue that they do not represent any threat to the robustness of the financial system. IMF is also pointing out that more than the size of the institutions, the main threat might result from the

large number of small institutions which might be at risk (“too many to fail” instead of “too big to fail”).Through Solvency 2, the EU has developed a sophisticated supervisory framework which should already mitigate the risks mentioned by IMF. It might be valuable for committee members to think at the adjustments to be considered by IAIS in the development of the ICS framework to better address those risks and potentially to achieve a stronger convergence of supervisory frameworks.

Dr. Jan Mischke Global Demographic Developments CommitteeSenior FellowMcKinsey Global InstituteSwitzerland

Aging – a well-known and unstoppable, but still often under-estimated trendThe world is – in most geographies – aging at a rapid pace. This is a well-known fact – but the magnitude of change and the second order implications are often less well understood. What does aging mean for global growth? The next 50 years are unlikely to see the same unprecedented growth rates of the past 50 years. How will aging impact investment, savings, and interest rates? Old people tend to save less, aging people more. How is aging

going to reshape the workforce? The working age population has already peaked not only in Japan but also in several European economies. What will be the fiscal implications? Pension and health care cost look set to increase further. Last, but not least: How will consumer behavior and spending change? Beyond understanding some of these fundamental shifts, the global demographic developments committee will need to seek answers: What can policymakers do? How should trans-national companies react? And what will it mean for citizens?

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Anna BorgSenior Vice President, NordicsKlarna

The world as we know it is changing. Today 3 billion people have access to internet, 86% of these have a smartphone. Information is available to anyone anywhere instantly and the amount of data we have access to is huge and keeps growing. Only the last 10 years, the amount of global data grew with more than 50% - every year. So while it took 75 years for telephones to reach 50 million users, 13 years for TV and 3,5 years for Facebook - Angry Birds reached 50 million in 35 days…. Guess how long it took for Pokémon Go? This has had huge implications on how information is exchanged, how we act as consumers, how we communicate, purchase and work. It is dramatically changing economics and the business models for companies. Suddenly all supply is available to all demand. You can always find exactly what you need or want and are not limited to the offers of the companies

in your close environment. You can always find what you are looking for as a consumer, no matter how specialized it is. And while the supply is not in your hometown, there is enough demand globally in order for someone to offer the product you are looking for - somewhere. We are living in a world of niches. The days of the bestseller are over. None of the 50 best selling music albums ever has been made after year 2000…The development is influencing business in reality. The last 10 years the market cap for the traditional media company Viacom has gone from 33 BN USD to 18 BN USD. At the same time the market cap for Netflix has increased from 1,4 BN USD to 44 BN USD. The examples are found in many industries….If the current development continues, 3 out of 4 companies on the Fortune 500 list will not be there In 10 years.What does this mean for your business environment?

Jacques Bughin Creating Jobs CommitteeDirector and Senior PartnerMcKinsey Global InstituteBelgium

Creating jobs – new orthodoxies for the second machine ageEmployment patterns have been changing in recent decades, with more temporary jobs, a shift of employment from manufacturing into service sectors or a polarization of labour-market opportunities between high- and low-skill jobs. Digitization is now adding new stresses to traditions of how we work and employment. Digital platforms such as Toptal, Upwork, and LinkedIn are helping create jobs by matching talent with needs in the labour market and, in the process, are emerging as sources for global contracting services. At the same time, humanoid machines such as Honda’s ASIMO robots, or Artificial Intelligence softwares such as Google’s DeepMind have captured both media attention and the public imagination – and they are stirring existential anxieties about the future

of human labour itself with some estimates that 50 % of US and European jobs could be at risk. However, many predictions about digitization and the impact of automation remain rooted in current orthodoxies about the workplace, - of which the most common ones are that jobs are performed by full-time salaried employees in companies; that the level of educational attainment is a good predictor of employability; that career tracks within firms are driven by hierarchical organizational practices; and that occupations consist of a bundling of tasks that fit the traditional industrial workflow of companies. In the second machine age, these and other orthodoxies are likely to evolve dramatically. We highlight 10 of those that will change the foundations of work practice, and thus may surely affect the way one must think about the evolutions path of jobs and employment in the next 10 years.

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TOPIC: FEEDBACK ON RELEVANT G-20Y SUMMIT COMMITTEES’ PERSPECTIVES

G-20Y SUMMIT CLOSING PANELLISTS

Benoît Lebot Executive DirectorInternational Partnership for Energy Efficiency CooperationFranceEnergy Markets Committee

Prof. Jessica FanzoBloomberg Distinguished Associate Professor of Ethics and Global Food & AgricultureJohns Hopkins UniversityUSAFood Security Committee

Karel LannooCEOCentre for European Policy StudiesBelgiumBanking Subcommittee

Dr. Yoshihiro KawaiSecretary GeneralInternational Association of Insurance SupervisorsMember of the FSBSwitzerlandInsurance Subcommittee

Greg ShawDirector, International and Corporate RelationsInternational Federation of AgeingCanadaGlobal Demographic Developments Committee

Peter Cheese CEOChartered Institute of Personnel and DevelopmentUKCreating Jobs Committee

Andreas HartingCo-Founder and Managing DirectorDeloitte DigitalGermanyDigital Innovation and Transformation Committee

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EVENING EVENTS

SEPTEMBER 21

WELCOME COCKTAIL RECEPTION

G-20Y Summit hosts a welcome reception to confirm the spirit of cooperation that is hallmark of the G-20Y Generation.

DRESS CODE: COCKTAIL

SEPTEMBER 22

THE G-20Y SUMMIT CLASSICAL CONCERT AND OPENING DINNER

The Classical Concert has become a good tradition of G-20Y Summit. Tender instruments will echo in your heartbeat, the harmony of sounds will inspire for great accomplishments. We are privileged to present the participants of the Classical Concert:

• Oleg Veinstein, pianist, soloist and professor of H. A. Rimsky-Korsakov Saint Petersburg State University;

• Emil Yakovlev, violinist, director of Saint Petersburg State Symphony Orchestra

PROGRAM

19.00 – 20.00 Guests arrival, Welcome Champagne20.00 – 21.00 Classical Concert21.00 – 23.00 Gala Dinner

DRESS CODE: BLACK TIE

EVENING EVENTS

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EVENING EVENTS

SEPTEMBER 24

THE G-20Y SUMMIT CLOSING GALA-DINNER

The Closing Gala Dinner will be held in the atmosphere of the Alps region. We sincerely consider that culture and art are a significant part of the way of life of any contemporary and successful person. We will be pleased if this evening event will help your productive work.

PROGRAM

19.30 – 19.30 Guests arrival, welcome champaign 19.30 – 23.00 Open Air Concert, Drawing Master Class, Dinner

DRESS CODE: CASUAL

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G-20Y SUMMIT VENUES

G-20Y SUMMIT

The G-20Y Summit 2016 will be held in the Kempinski Grand Hôtel des Bains, where all the sessions will take place as well as the Cocktail Reception and the Classical Concert. Kempinski Grand Hôtel des Bains – the first Swiss hotel of Kempinski chain which is situated in one of the most picturesque corners of St Moritz. The hotel building is situated in the middle of gorgeous French park. It overlooks to the snow – covered slopes of the Alps. The Saturday G-20Y Closing Gala-Dinner will be taking place at Meierei St. Moritz - it offers a relaxing atmosphere and the best cream slice ever. In the evenings there are festivities, cheese fondue parties and devilish surprises served by angel-like waiters and bar devils.Check-in time - 03:00 p.m.Check-out time - 12:00 p.m.

Kempinski Grand Hôtel des BainsVia Mezdi 277500 St. Moritz, SwitzerlandTelephone: +41818383838

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Plan of the Ground Floor at Kempinski Grand Hotel des Bains

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THE G-20Y CLOSING GALA-DINNER AT MEIEREI ST. MORITZ

Meierei St. Moritz Via Dimlej 52, CH-7500 St. Moritz, Switzerland tel. +41 81 838 70 00

PRACTICAL INFORMATION ZÜRICH AIRPORT (IATA: ZRH, ICAO: LSZH).

Zürich Airport also known as Kloten Airport, is the largest international airport of Switzerland and the principal hub of Swiss International Air Lines. It serves Zürich, Switzerland’s largest city, and, with its surface transport links, much of the rest of the country. The airport is located 13 kilometres (8 miles) north of central Zürich, in the municipalities of Kloten, Rümlang, Oberglatt, Winkel and Opfikon, all of which are within the canton of Zürich.

Flight information (arrival/departure)Phone (CHF 1.19/minute from Switzerland): +41 43 816 22 11 Web-site: www.zurich-airport.comAddress: 8058 Zürich-Flughafen, Switzerland

Terminal Operning HoursZurich airport has three passenger terminals, Terminal A, Terminal B, Terminal E. Terminal A contains gates prefixed A. It is used exclusively by flights to and from destinations inside the Schengen Area, including domestic flights within Switzerland.

Terminal B contains gates prefixed B and D. Each such gate has two numbers, one prefixed B and the other D, but with different passenger routes to and from the gates in order to keep the flows of Schengen and non-Schengen passengers separate. Terminal E contains gates prefixed E, and is also known as the midfield terminal or Dock E. It is entirely used by non-Schengen international flights.

GETTING FROM THE AIRPORT TO THE HOTEL BY TRAIN

The distance between the Geneva Airport and the Kempinski Grand Hotel Des Bains is around 478 km.

The train from Zürich Airport to St. Moritz Station goes every 60 minutes (XX:18) and every two hours (XX:47). Two changes have to be done usually in Zürich HB and Chur or Landquart. The train takes 3 hours and 45 minutes. http://www.sbb.ch/en/home.htmlTicket Fare: from CHF 78

Getting from Zürich Hauptbahnhof Main Train

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Station to the HotelThe train from Zürich Train Station to St. Moritz Station goes every 30 minutes (XX:07 and XX:37). One change has to be done usually in Chur or Landquart. The train takes 3 hours.The Hotel offers transfers from St. Moritz Station to the Hotel at CHF 20 per transfer.

Getting from Zürich Airport to the Hotel by taxiTransfer from Zürich International Airport to St. Moritz:

Standard vehicle from 368 Euro one way.Luxury vehicle from 480 Euro one way.

Here are the links to taxi companies where you can order a transfer:1. www.swiss-taxi.com Tel: +43 1 229 75 152. www.airport-transfers-direct.com Tel: +44 (0)20 352.97.553 3. www.airportcitytransfer.com Tel: +44 (0)20 35.29.75.56

Cars Rental from Zürich Airport to the Hotel

If you’d rather hire a car and drive through the magnificent scenery, check rates and car availability through the following websites where the lowest fare goes from 150,47 CHF from September 21 to September 25:www.airportrentals.com

Internet access

WI-FI is included free throughout the Kempinski Grand Hotel Des Bains. At the airports in Zurich you can now also surf free of charge for two hours.

Registration desk and contact information

The registration desk is located at Kempinski Grand Hotel Des Bains. The registration desk will be opened on September 20 9.00-22.00.

During plenary session and committee sessions, the G-20Y Association team will be available to assist you and answer questions at the information desk in the Conference Corridor. G-20Y Association office telephone:+41 – 22-518-16-31

NAME BADGES

All G-20Y Summit participants (including guests and press) will be given a personal name badge.Your name badge gives you access to the G-20Y Summit venues and events according to the table below and should be worn visible by you all at all times. For access to the evening events, it will be necessary to show your badge at the venue’s entrance.

Only persons with valid badges will be allowed into restricted areas. Badges will be distributed upon participant’s registration in the Registration Desk. Media badges can be picked up at the Registration Desk for media representatives who have applied and been approved. If you lose your badge, please contact the closest G-20Y Association team member (RED badges) and he/she will be happy to assist you.

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CULTURAL AND TOURISTIC INFORMATION

If you are arriving earlier than September 21, or you staying a few days more after the closing of the G-20Y Summit, you will have a great opportunity to further enjoy wonderful facilities of the Kempinski Grand Hotel des Bains, such as Mountain-view spa center with 12 treatment rooms with an array of relaxing therapies. There’s also an indoor pool, sauna, fitness center, and a casino. You can also head straight to the mountains and Lake St. Moritz providing a fabulous setting for a whole host of activities (mountain climbing, hiking, horse-riding, golfing, water sports, mountain biking, airborne sports, etc).

CITY TAX

City & Tourist taxes (5 CHF per adult per night) are included in the accommodation fee.

ANOTHER USEFUL INFORMATION

International calls from Switzerland to any country do not require operator assistance. For international calls dial 00 (zero zero), the country code, the area code plus the local phone number. Please note that in some countries, the leading zero of the area code must not be dialed. Country code for Switzerland: +41

EMERGENCY NUMBERS

Medical help/Ambulance 144Police 117 Fire 118 Emergence Road Service 140SBB Emergency Number 0800 117 177

CURRENCY

The official currency of Switzerland is Swiss Franc (CHF). The safest and easiest forms of money are traveler’s checks and credit cards. The cards most used are American Express, MasterCard and Visa. Many banks in Switzerland have equipped their ATM machines (Swiss German: Bankomat) with the VISA or MAESTRO system. Many other Swiss banks offer ATM machines for cash advances with your credit card. It is recommended to have a small amount of cash on hand upon arrival in Switzerland for immediate expenses, i.e. taxies, city transportation etc. The VAT you pay on purchased goods in Switzerland is 8%. You may ask at the shops for your Tax Free Form and reclaim the VAT.

INTERNET ACCESS

Wi-Fi is included free throughout the Kempinski Grand Hotel des Bains. At the airports in Zurich and Geneva you can now also surf free of charge for one hour.

REGISTRATION DESK AND CONTACT INFORMATION

The Registration desk is located at the Kempinski Grand Hotel des Bains. The Registration desk will be opened on Tuesday, September 20, 9.00-22.00, Wednesday, September 21, 9.00 – 22.00, on Thursday, September 22, 9.00 – 22.00 During plenary session and committee sessions, the G-20Y Association team will be available to assist you and answer questions at the information desk in the Foyer, Kempinski Grand Hotel des Bains. G-20Y Association office telephone: +41 – 22 - 518 - 16- 31

Badge type/ event participants speakers Participants’ Partners

Official Opening ceremOny v v vOfficial clOsing ceremOny v v vcOmmittees’ sessiOns v vclassical cOncert and Official Opening gala dinner

v v v

keynOte speech v v v

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G-20Y ASSOCIATION

What makes G-20Y unique?

Capacity buildingImpact

ReputationNetwork

What do we stand for? The G-20Y Association Vision

The G-20Y Generation of young and successful business leaders cares about the prosperity of their immediate business environment as well as the development of their communities and countries. The G-20Y Vision is based on greater international cooperation, innovative ideas and mid- and long-term global economic prosperity.

• Achieving greater international cooperation

The recent world financial and economic crisis has revealed the need for greater international cooperation. Global challenges call for global responses. The effectiveness of these responses does not depend solely on the decisions made by the G-20 Heads of State, but also on international cooperation between powerful regions, businesses and communities. The G-20Y Generation has a key role to play in this respect. International cooperation is a second-nature for the G-20Y Generation, which grew up in a globalized world. Business leaders of the G-20Y Generation are instinctively convinced that the success of their businesses, and the solving of global challenges, can be achieved only through deeper international cooperation.

The G-20Y Generation is also the first generation for which the participation of 20 countries in international decision making is normal, rather than a novel post-Cold War achievement. In a fast-changing world where the interests of all countries are intricately interconnected and inter-dependent, young business leaders are convinced that they share a common fate and therefore believe that the G-20 forum is the appropriate

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platform for effective international decision making.

• Sharing our innovative ideas

More than ever in a time of economic tension, innovative thinking is necessary. The contribution of the G-20Y Generation is crucial in this respect. The world faces many pressing challenges, such as: imperiled water and food supplies, environmental change and financial instability. At the same time, there are many opportunities for entrepreneurial growth and success. G-20Y Generation business leaders have been successful so far thanks to their innovative thinking. Their future successes rely on further innovation, and innovation can help to solve the challenges that the world is facing. As the first new-technology generation, whose thinking is naturally innovative, the G-20Y Generation is a valuable source of new ideas.

• Putting long-term global economic prosperity on today’s international agenda

Sustainable solutions to the world’s challenges are needed on a mid- and long-term basis. Sustainable mid- and long-term prosperity is not necessarily the most immediate concern of current world leaders. Their most pressing concern is to address today’s short-term global economic challenges. Mid- and long-term prosperity is the mandate of the G-20Y Generation. It is our responsibility to put it on today’s international agenda. The G-20Y Generation wishes to concentrate its efforts on producing, in the twenty-first century, an unprecedented period of sustainable worldwide economic growth.

What do we do? The G-20Y Summits and Perspectives

• The G-20Y Summit: turning the G-20Y Vision into Perspectives

One of the objectives of the G-20Y Summit is to assemble a set of perspectives from future business leaders on the most critical economic and geo-political issues that should be tackled by G20 leaders, policy makers, business leaders, industry bodies and the greater society.

While the G-20Y remains entirely independent from the G20, the annual perspectives are disseminated across the world and shared, in particular, with the Heads of States and organizations such as IMF, World Bank, World Food Program, United Nations, OECD, European Commission, Basel Committee on Banking Supervision, International Association of Insurance Supervisors, International Organization of Employees, CGIAR Consortium, World Energy Forum and other associations to which the output of the respective G-20Y Summit Committees might have an impact and relevance.

The G-20Y Summit participants are individuals in corporate executive leadership positions from the most prestigious leading companies in the world, G20 countries, and their sectors. The list of participants also includes senior official representatives of national and regional governmental organizations.The impact of these most promising representatives from participating companies and their exclusive role determining perspectives ensure that, the G-20Y Summits not only add value to the business community’s efforts in responding to the global social, economic, and financial challenges, but also serve as a unique capacity building platform for the selected executives to gather together in an exchange of ideas and best practices while building and enhancing personal and professional relationships.

• The G-20Y Summit: exchanging best business practices and creating strong bonds

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While preparing the G-20Y Summit Perspectives during the Summit, delegates have the unique opportunity to meet, share views and perspectives and create strong bonds of business and friendship.While coming from all of the G-20 countries and having diverse backgrounds, the G-20Y delegates are united by a common desire to enhance international cooperation, develop business innovation and secure future economic prosperity. Hence, the G-20Y Summit is not only a unique personal experience for each delegate, it also greatly contributes to the development of delegates’ businesses. G-20Y Summits offer an unprecedented chance to exchange ideas on successful business practice, attracting investment, entering new markets and the ultimate goal of creating a more prosperous world.During the G-20Y Summits, delegates also highly value the presentations of our guest speakers from the International Organizations and Leading international companies.

How are we organized? The G-20Y Association Structure

The G-20Y Summit initiatives are organized by the Swiss-based G-20Y Association (“G-20YSummit International Organizing Committee” Association). Headquarter is based in Geneva.The functions of the G-20Y Association are carried out by separate dedicated entities:

The Founder and President of the G-20Y Association provides the overall impetus or the organization and coordinates G-20Y Association work in all of the G-20 countries. The President has authority to sign all G-20Y Association official documents.

The Advisory Board of the G-20Y Association is an advisory body to the President. It provides advice on strategic and operational matters and links G-20Y Association to leading international institutions, governments, and business. The Advisory Board actively participates in the creation of the agenda for each G-20Y Summit. The Program Committee of the G-20Y Association is composed of the Term Chairs and the Vice Term Chairs for each G-20Y Summit Committee.

The Program Committee plays a key role in the Committees agenda setting, content determination and communication for the respective G-20Y Summits. It suggests potential candidates for the role of Committee speakers and Opening/Closing Panel Speakers for the G-20Y Summit. The Program Committee members chair the Committees Sessions at the G-20Y Summit. The Program Committee plays a key role in the development of the impact strategy and its implementation and holds responsibility in identifying institutions of which the intended impact of Committee perspectives may have relevance. The Program Committee ensures any experience gained and intelligence accumulated from prior summits are available and fed into the ongoing discussions.

The Executive Committee of the G-20Y Association actively contributes to the organization, administration and promotion of the annual G-20Y Summit and other G-20Y Association’s activities. The Head of the Executive Committee is a full time employee, who coordinates the daily work of the staff.

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Ksenia Khoruzhnikova G-20Y Association Advisory Board MemberG-20Y Association Founder and President

Switzerland

Prof. Dr. Holger ErchingerG-20Y Association Advisory Board Member Partner, KPMG LLP

USA

Patrick LahaieG-20Y Association Advisory Board Member Partner, McKinsey & Company

Canada

Michael Miebach G-20Y Association Advisory Board Member Chief Product Officer, Mastercard, New York

USA

Barbara Kreissler G-20Y Association Advisory Board MemberDirector, B2G Professional Lighting, Global Public & Government Affairs, Philips Lighting

Netherlands

Jean-Luc Larribau G-20Y Association SpokespersonG-20Y Association Advisory Board MemberDispute resolution lawyer, Freshfields Bruckhaus Deringer

France

Dr. Dirk Lubig G-20Y Association Advisory Board MemberManaging Director at Deutsche Bank in Group Strategy (AfK)

Germany

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Laxman NarasimhanFormer G-20Y Association Advisory Board Co-ChairChief Executive Officer, PepsiCo Latin America Foods

USA

The G-20Y Association would like to express its highest appreciation to the Former Co-Chair of the Advisory Board for his invaluable contribution in shaping our organization for the past two years to what it

is today.

www.g20ys.org

[email protected]

Documents

PROGRAM BOOK OF G-20Y SUMMIT 20163).pdf · Moderator: Mr. Jean-Luc Larribau - Dispute resolution lawyer at Freshfields Bruckhaus Deringer, G-20Y Association Spokesperson, G-20Y Association