2015 FinCoNet Annual General Meeting
14-16 October 2015, Cape Town, South Africa
The FinCoNet Annual General Meeting was hosted by the Financial Services Board of South Africa in Cape Town, South Africa, on 14-15 October 2015, and was directly followed by Financial Services Board - University of Cape Town International Seminar on Financial Consumer Protection on 16 October (half day).
On day one participants had the opportunity to engage in a roundtable blue sky session focused on consumer protection issues, trends and priorities.
Day two began with presentations by each of the FinCoNet Standing Committees on the work that they are currently undertaking, and was followed by two workshops.
The Workshops aimed to tackle forward looking issues relevant to FinCoNet and its membership, and in particular, the strategic priorities for FinCoNet. This workshop was led by the FinCoNet Chair. An in-depth discussion on consumer over indebtedness was also held during Workshop II, and was led by FinCoNet members from Canada and the Netherlands, with the participation of the FinCoNet member from Portugal.
Financial Services Board - University of Cape Town Seminar
The Seminar was held on day three, 16thOctober, and was hosted by the Financial Services Board and the University of Cape Town.
It addressed several issues of stark relevance to FinCoNet and financial consumer protection as a whole.
Session 1 was led by Mr. Mcebisi Hubert Jonas, the Deputy Minister of Finance of the Republic of South Africa, and provided an update on the Financial Sector Regulation Bill.
Session 2 was dedicated to Prof. Boris Vallee, of Harvard University, who addressed the issue of complexity in retail finance and the impact on vulnerable consumers, whilst Session 3 provided a recapitulation of the FinCoNet AGM and the focus areas of the Organisation.
The theme of new technologies (including bitcoin and mobile money), and their impact on consumer lending, with a particular focus on vulnerable consumers was addressed in the final session 4.
>> Agenda (pdf)
>> Information note (pdf)
>> Workshop 1
>> Workshop 2
>> FinCoNet Communiqué: