{"id":3987,"date":"2018-02-07T14:49:04","date_gmt":"2018-02-07T13:49:04","guid":{"rendered":"http:\/\/centesimusannus-stg.catholica.va\/activities\/the-dublin-process-a-dialogue-on-economy-and-the-common-good\/international-consultation-madrid-january-25-27-2017\/"},"modified":"2023-11-10T10:27:15","modified_gmt":"2023-11-10T09:27:15","slug":"international-consultation-madrid-january-25-27-2017","status":"publish","type":"page","link":"https:\/\/centesimusannus-stg.catholica.va\/en\/activities\/the-dublin-process\/consultazione-internazionale-anni-precedenti\/international-consultation-madrid-january-25-27-2017\/","title":{"rendered":"INTERNATIONAL CONSULTATION, MADRID 25TH &#8211; 27TH JANUARY 2017"},"content":{"rendered":"<p align=\"center\"><strong>Consultation jointly organized with Universidad Pontificia Comillas ICAI-ICADE and BBVA Group<\/strong><\/p>\n<p align=\"center\"><strong>Madrid, 25-27 January, 2017<\/strong><\/p>\n<p align=\"center\"><strong>ECONOMIC AND FINANCIAL ETHICS IN THE DIGITAL AGE<\/strong><\/p>\n<div>\n<p align=\"center\">The three previous consultation meetings of the \u2018Dublin Process\u2019 (2013 at the Vatican, 2014 in Dublin and 2016 in Valletta, Malta) focused on the Debt Crisis, Financial Reform and the internal ethical reconstruction in the financial sector. These meetings allowed for an open discussion between specialists in Catholic Social Teaching, academics, and distinguished professionals from financial institutions and from financial regulation. Materials can be accessed on the website\u00a0<a href=\"http:\/\/centesimusannus-stg.catholica.va\/\">centesimusannus-stg.catholica.va<\/a>.<\/p>\n<p>The Vatican based, lay-led\u00a0<em>Centesimus Annus pro Pontifice\u00a0<\/em>Foundation wishes to continue organizing meetings with a similar format and focus, although it decided not to limit its reach to the sole financial sector.<\/p>\n<p><strong>The consultation took place in Madrid, this time jointly sponsored by the Foundation, the BBVA Group and the\u00a0<em>Universidad Pontificia Comillas ICAI-ICADE<\/em>:<\/strong><\/p>\n<p><strong>The meeting has been preceded on Wednesday, January 25<sup>th<\/sup>, 2017 by a public presentation at the Comillas University ICADE, with a larger participation of students and interested persons.<\/strong><\/p>\n<p><strong>The working sessions took place at Casa Am\u00e9rica on Thursday, January 26<sup>th<\/sup>\u00a0and Friday January 27<sup>th<\/sup>.<\/strong><\/p>\n<p><strong>It has been attended by personally invited participants.<\/strong><\/p>\n<p><strong>Each subject has been introduced by a main Rapporteur and four Discussants. The meeting has been held in English.<\/strong><\/p>\n<p><strong>All papers has been distributed in advance<\/strong><\/p>\n<p align=\"center\"><strong>P R O G R A M<\/strong><\/p>\n<p align=\"center\"><strong><u>Wednesday January 25<sup>th<\/sup>\u00a018:30-20:30<\/u><\/strong><\/p>\n<p align=\"center\"><strong>Public presentation at Universidad Pontificia Comillas ICAI-ICADE:<\/strong><\/p>\n<p align=\"center\"><strong><u>Financial Ethics in a Digital Age<\/u><\/strong><\/p>\n<p>Part of the Jesuit led Universidad Pontificia Comillas, ICAI and ICADE are among the most reputed engineering, business and law schools in Spain. Before the closed consultation meeting, the aim of the \u2018Dublin Process\u2019 and part of the issues have been presented to a larger audience of students and interested persons.<\/p>\n<p><strong>Chairman:<\/strong>\u00a0<em>Alfredo\u00a0<strong>Arahuetes<\/strong><\/em>, Dean of the Economics and Business Faculty (ICADE)<\/p>\n<p><strong>Presentation of the CAPP Foundation and Dublin Process:\u00a0<\/strong><em>Eutimio\u00a0<strong>Tiliacos<\/strong>,\u00a0<\/em>Secretary General, CAPP Foundation, The Vatican<\/p>\n<p><strong>Moderator:\u00a0<\/strong><em>Jos\u00e9 Luis<\/em><strong>\u00a0<em>Fern\u00e1ndez<\/em>,\u00a0<\/strong>Economic and Business Ethics, Universidad Pontificia Comillas<\/p>\n<p><strong>Presentation of CAPP Foundation work on Financial Ethics in the Digital Age<em>:\u00a0<\/em><\/strong><em>Domingo<strong>\u00a0Sugranyes Bickel,\u00a0<\/strong><\/em>CAPPF Chairman<\/p>\n<p><strong>Panel members:<\/strong><\/p>\n<p><em>David\u00a0<strong>Llewellyn<\/strong>,\u00a0<\/em>Loughborough University, former Chairman of the Board of the Banking Stakeholder Group at the European Banking Authority (EBA)<\/p>\n<p><em>Markus\u00a0<strong>Schulte<\/strong><\/em>, European Commission, Cabinet of Commissioner G\u00fcnther Oettinger<\/p>\n<p><em>Ra\u00fal\u00a0<strong>Gonz\u00e1lez Fabre SJ<\/strong>,\u00a0<\/em>Universidad Pontificia Comillas ICAI-ICADE, \u00c9tica econ\u00f3mica<\/p>\n<div align=\"center\"><iframe src=\"https:\/\/www.youtube.com\/embed\/PxL5O12OWAA?rel=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p align=\"center\"><strong><u>Thursday January 26<sup>th<\/sup><\/u><\/strong><\/p>\n<p><strong>10:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong>Opening words<\/p>\n<p><strong>Chairman:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><em>Domingo\u00a0<strong>Sugranyes Bickel<\/strong>,\u00a0<\/em>Chairman, Centesimus Annus pro Pontifice Foundation<\/p>\n<p><strong><u><br \/>\nCatholic Social Teaching in the Digital Age<\/u><\/strong><\/p>\n<p><strong>Speakers<\/strong>:<br \/>\n<em><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2brgi1489501294.pdf\" target=\"_blank\" rel=\"noopener\"><br \/>\nJulio\u00a0<strong>Mart\u00ednez<\/strong>\u00a0S.J.<\/a><\/em>, Rector of the Universidad Pontificia Comillas<br \/>\n<em><a href=\"https:\/\/centesimusannus-stg.catholica.va\/wp-content\/uploads\/2018\/09\/Tighe-ENG-1.pdf\" target=\"_blank\" rel=\"noopener\">Bishop Paul\u00a0<strong>Tighe<\/strong><\/a><\/em><strong>,<\/strong> Adjunct\u00a0 Secretary, Pontifical Council for Culture<\/p>\n<p><em><u>Introductions of 15 minutes each and debate<\/u><\/em><\/p>\n<p><strong>11:00 First part<\/strong><\/p>\n<p><strong><u>Jobs and Wages in the Digital Age<\/u><\/strong><\/p>\n<p>Most of the current debate on the future of work is based on a count of jobs to be created vs. jobs to be destroyed in each specific sector or activity. The results of these questionable counts are often meaningless and basically serve either techno-optimist or glum realistic prejudice.<\/p>\n<p>However, recent studies based on practice show that inventions and technological knowledge\/skills are different things, and that applied knowledge is mostly generated on the job in the initial stages of a technological revolution and the entire process between invention and maturity may take several decades<a title=\"\" href=\"file:\/\/\/E:\/Madrid%20consultation%20FINAL%20program%20x%20sito.docx#_ftn1\" name=\"_ftnref1\">[1]<\/a>. During the process employment, both in numbers and in kind, varies and so do wages. And, most important, so does the required training and education.<\/p>\n<p>This approach opens the way to new policies and gives some possible answers to the persistent scandal of durable unemployment especially among the young.<\/p>\n<p><strong>Rapporteur<\/strong>: \u00a0\u00a0<em><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2mibt1489500134.pdf\" target=\"_blank\" rel=\"noopener\">Alfredo\u00a0<strong>Pastor<\/strong><\/a><\/em>, IESE, Barcelona<\/p>\n<p><strong>Discussants<\/strong>:<br \/>\n<em><br \/>\n<a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2ychw1490285367.pdf\" target=\"_blank\" rel=\"noopener\">Jacques\u00a0<strong>Darcy<\/strong><\/a>,<\/em>\u00a0Associate Director, Equity Investments European Investment Fund<br \/>\n<em><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2zyma1489500679.pdf\" target=\"_blank\" rel=\"noopener\">Don Walter\u00a0<strong>Magnoni<\/strong><\/a><\/em>, Responsible of Pastoral Office for Social and Labour issues, Archdiocese of Milan<br \/>\n<a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2chdq1489501204.pdf\" target=\"_blank\" rel=\"noopener\"><em>Oliver\u00a0<strong>R\u00f6thig<\/strong><\/em><\/a>, European Regional Secretary, UNI Global Union<br \/>\n<em><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2ktmh1489501458.pdf\" target=\"_blank\" rel=\"noopener\">Josep\u00a0<strong>Salvatella<\/strong><\/a><strong>,\u00a0<\/strong><\/em>Founder of Roca Salvatella and other digital environment start-up companies<\/p>\n<p><em><u>The Rapporteur had 15 minutes and each Discussant 10 minutes for their presentation<\/u><\/em><\/p>\n<p><strong>13:30 Light lunch<br \/>\n<\/strong><\/p>\n<p><strong>14:30 Second part<\/strong><\/p>\n<p><strong><u>Digital impact on Payments, Credit and Financial Risk Management: new ethical questions?<\/u><\/strong><\/p>\n<p>Does digitalization and the irruption of\u00a0<em>fintech<\/em>\u00a0change the traditional ethical questions asked by the Churches about the hierarchy of basic functions of a financial sector (payments, credit and risk management) at the service of the common good? There is actual change happening in competition, cost reduction and greater empowerment of consumers. Consumer loyalty to traditional financial institutions is more fragile and can be based only on true guarantees of quality. The most innovative among financial institutions see themselves as service integrators and effective customer relationships based on the use of \u2018big data\u2019, while others may keep a reduced role of basic utilities. How does all this affect the ethical approach? Are there new ethical questions emerging at this preliminary stage of the latest technological revolution? How do regulation and self-imposed ethical constraints combine under the new context? How does the digital revolution influence the capacity of the financial service to reaffirm its purpose in the perspective of inclusion and the fight against poverty?<\/p>\n<p><strong>Rapporteur<\/strong>: \u00a0<em><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2mdqh1489500784.pdf\" target=\"_blank\" rel=\"noopener\">Jos\u00e9 Manuel\u00a0<strong>Gonz\u00e1lez P\u00e1ramo<\/strong><\/a><\/em>, BBVA Executive Board member<\/p>\n<p><strong>Discussants<\/strong>:<br \/>\n<em><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2fvsg1489500861.pdf\" target=\"_blank\" rel=\"noopener\"><br \/>\nCanon Malcolm\u00a0<strong>Brown<\/strong><\/a><\/em>, Director of Mission and Public Affairs, Church of England<br \/>\n<em><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2zrft1489500249.pdf\" target=\"_blank\" rel=\"noopener\">David\u00a0<strong>Llewellyn<\/strong><\/a>,\u00a0<\/em>Loughborough\u00a0University, former Chairman of EBA\u2019s Banking Stakeholder Group<br \/>\n<em><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2ikvd1489500953.pdf\" target=\"_blank\" rel=\"noopener\">Markus\u00a0<strong>Schulte<\/strong><\/a><\/em>, European Commission, Cabinet of Commissioner G\u00fcnther Oettinger<br \/>\n<em><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2ojel1489501392.pdf\" target=\"_blank\" rel=\"noopener\">Robert\u00a0<strong>Tann<\/strong><\/a><\/em>,\u00a0financial sector investment specialist<\/p>\n<p><em><u>The Rapporteur had 15 minutes and each Discussant 10 minutes for their presentation.<\/u><\/em><\/p>\n<p><strong><br \/>\nDebate<\/strong><\/p>\n<p><strong>18:00 Holy Mass for St. Thomas Aquinas celebration at Universidad Pontificia Comillas<\/strong><\/p>\n<p><strong>21:00 Dinner with invited personalities from the Madrid business and financial community<\/strong><\/p>\n<p align=\"center\"><strong><u>Friday, January 27<sup>th<\/sup><\/u><\/strong><\/p>\n<p><strong>10:00 Continued debate and conclusions<\/strong><\/p>\n<p><strong>13:00 End of meeting. Light lunch<\/strong><\/p>\n<p><strong>16:30 Guided visit to the Prado Museum offered by BBVA Group<\/strong><\/p>\n<div>\n<hr align=\"left\" size=\"1\" width=\"33%\" \/>\n<div id=\"ftn1\">\n<p><a title=\"\" href=\"file:\/\/\/E:\/Madrid%20consultation%20FINAL%20program%20x%20sito.docx#_ftnref1\" name=\"_ftn1\">[1]<\/a>\u00a0James Bessen,\u00a0<em>Learning by Doing\u00a0<\/em>(2015)<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div><strong><br \/>\n<a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2bgtu1488880608.pdf\" target=\"_blank\" rel=\"noopener\">Lista dei partecipanti<\/a><\/strong><\/div>\n<div><strong><br \/>\n<\/strong><strong><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2osdj1491377330.pdf\" target=\"_blank\" rel=\"noopener\">Le conclusioni di Madrid su un\u2019economia digitale per il bene comune<br \/>\n<\/a><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2ppow1490195904.pdf\" target=\"_blank\" rel=\"noopener\">The Madrid conclusions on a digital economy for the common good<br \/>\n<\/a><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2ipbj1491376806.pdf\" target=\"_blank\" rel=\"noopener\">Las conclusiones de Madrid sobre una econom\u00eda digital al servicio del bien com\u00fan<\/a><\/strong><\/div>\n<div><strong><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2ipbj1491376806.pdf\" target=\"_blank\" rel=\"noopener\">\u00a0<\/a><\/strong><\/div>\n<div><strong><a href=\"http:\/\/centesimusannus-stg.catholica.va\/media\/2nrub1513325572.pdf\" target=\"_blank\" rel=\"noopener\">Summary Report a cura di Anna Bajo Sanjuan<\/a><\/strong><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Consultation jointly organized with Universidad Pontificia Comillas ICAI-ICADE and BBVA Group Madrid, 25-27 January, 2017 ECONOMIC AND FINANCIAL ETHICS IN THE DIGITAL AGE The three previous consultation meetings of the \u2018Dublin Process\u2019 (2013 at the Vatican, 2014 in Dublin and 2016 in Valletta, Malta) focused on the Debt Crisis, Financial Reform and the internal ethical reconstruction in the financial sector. These meetings allowed for an open discussion between specialists in Catholic Social Teaching, academics, and distinguished professionals from financial institutions and from financial regulation. Materials can be accessed on the website\u00a0centesimusannus-stg.catholica.va. The Vatican based, lay-led\u00a0Centesimus Annus pro Pontifice\u00a0Foundation wishes to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":20000,"menu_order":11,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"categories":[],"tags":[1626],"_links":{"self":[{"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/pages\/3987"}],"collection":[{"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/comments?post=3987"}],"version-history":[{"count":1,"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/pages\/3987\/revisions"}],"predecessor-version":[{"id":20007,"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/pages\/3987\/revisions\/20007"}],"up":[{"embeddable":true,"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/pages\/20000"}],"wp:attachment":[{"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/media?parent=3987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/categories?post=3987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/centesimusannus-stg.catholica.va\/en\/wp-json\/wp\/v2\/tags?post=3987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}