Present and future of the economy in a changing world

The outbreak of conflicts such as those in Ukraine or Israel, inflation and the exorbitant rise in prices, the Covid-19 pandemic.

Oliver Thansan
Oliver Thansan
26 October 2023 Thursday 10:31
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Present and future of the economy in a changing world

The outbreak of conflicts such as those in Ukraine or Israel, inflation and the exorbitant rise in prices, the Covid-19 pandemic... These are some of the unexpected events that have erupted in recent times to give a radical turn to our day. a day. After his appearance, we have been able to confirm that the world as we knew it until now has begun to change, and that, inevitably, we are changing with it. We are at a probable turning point that forces us to stop and reflect on the new challenges that we will have to face as a society.

Certainly, we live in a scenario marked by transformations that occur at a dizzying pace. Good examples of this are the emergence of new economic paradigms, the initiatives to reduce the growing social gap, the essential formulas to contribute to sustainable growth, and, as the backbone of all this, the importance that digitalization has already acquired in our societies. lives. The complexity of the contemporary world demands that we stop and think about our responsibility and also about what we can do to contribute to creating a better world.

All these issues, and many others, will be debated and analyzed at the International Banking Conference organized every year by Banco de Santander and which will be held next Tuesday, October 31. It will talk about the need to find a common territory in a world that inevitably tends toward fragmentation, and about the work that public-private collaboration can play in successfully facing the multiple dilemmas that await us. Among other topics, financial stability, cybersecurity, reputational risk, the future held by the arrival of Artificial Intelligence (AI) in finance or possible ways to boost growth and resilience in times of change will be addressed. constant.

Speakers and authoritative voices such as Ana Botín, president of Banco Santander, will be in charge of all of this; Pablo Hernández de Cos, governor of the Bank of Spain; George Osborne, partner of Robey Warshaw; Brad Levy, president of Symphony; Sheila Blair, former president of the United States Federal Deposit Insurance Corporation; Alexandra Maniati, Senior Director of Innovation and Cybersecurity at the European Banking Federation; Ricardo Mourinho Félix, vice president of the European Investment Bank; or the leading actor of the television series Succession, Brian Cox, among others.

In addition, there will be the opportunity to enjoy a talk about the emergence of a new world order and the role of the Atlantic Alliance, which will be given by the former commander of the US troops, James Harding, and the former director of the CIA, David Petraeus.

The day will be a magnificent opportunity to draw the guidelines on the moments we are experiencing and also on an imminent future that predicts many transformations. Ana Botín will talk with George Osborne and Francesco Starace, partner at EQT Infrastrucure, about “Competing to grow: finding common ground in a fragmented world.” The meeting will provide the opportunity to think about how transformative impulses such as globalization affect the economy or, at the other extreme, the tendency to segment citizens into different social, cultural or consumer groups, often fostered by networks.

Technologies will also have an important space for debate. The arrival of tools as powerful as AI can give us a certain feeling of vertigo, since it poses new challenges in issues such as authorship or the redefinition of the labor market. However, its correct use can be valuable for the banking sector in areas such as credit decisions, risk management, fraud prevention or optimized analysis of financial investment services.

Brad Levy will talk about all this; Roberto Viola, Director General of DG CONNECT, European Commission; and Javier Martínez, head of Customer Engineering at Google Cloud Spain and Portugal.

Cybersecurity issues will be duly analyzed by Alexandra Maniati; Tom Clementi, CEO of Pool Re; and Jeannette Jarvis, Head of Human Resources and Marketing at Cyber ​​Threat Alliance. This is an issue that has already become one of the 10 global concerns for companies and organizations, according to the World Economic Forum. Cyber ​​threats are increasing every year, and are becoming more sophisticated and lethal. Fortunately, protective measures and professionals trained to anticipate such threats are also increasing.

The last meeting will serve to offer a panoramic vision of what vectors can contribute to promoting collective growth and also to understand the importance of resilience in a world subjected to incessant change, led by Héctor Grisi, CEO of Banco Santander; Alfonso García Mora, vice president for Europe and Latin America and the Caribbean of the IFC; and Ricardo Mourinho Felix. Challenges such as climate change, the impacts caused by unpredictable factors such as a pandemic, the arrival of new inflation scenarios or a possible energy or resource crisis force us to leave old inertia behind, to rethink, in a more creative way, how to continue contributing to social progress.

It will ultimately be a magnificent opportunity for the main players in the sector to reflect and share experiences with the ultimate goal of better understanding the present and contributing positively to the future of the economy. The event can be followed in person or online (Wave - Wave - Competing for growth (santandergroup.net)).