News & Events

!POSTPONED till September 2018 [Cosmopolis lunch seminar with M.Waiengnier (VUB): The restructuration of the Brussels banking sector since the 2008 crisis]

14 June 2018 , 12.00-13.30h VUB: Pleinlaan 2, 1050 Brussels, Building F, Room F 4.66

As elsewhere, the Belgian financial sector has been subject to change since the 2008 financial crisis. The financial crisis has modified financial institutions’ working and challenged the existing economic paradigms. Digital economies have become omnipresent affecting all actors of the financial sphere. The Belgian financial sector, of which half is located in Brussels, has decreased by 14 000 employees in banking and insurance activities between 2008 and 2014. Since 2008, Brussels financial sector’s weight in the Belgian economy decreased as well. These dynamics push to interrogate how the structure of the banking sector is being transformed.  The underlying assumption is that digitalisation processes unevenly impact the different segments of banking activities. Certain activities become obsolete, are being removed or outsourced, other new activities are being developed, which results in a transformation of the working practices. This presentation will examine the role of digitalisation on the transformation of the banking sector and discuss the current challenges undergone by the sector as consequence of the 2008 crisis.

Speaker: Maëlys Waiengnier, Cosmopolis Centre for Urban Research, Vrije Universiteit Brussel

Maëlys is a PhD researcher working jointly at Vrije Universiteit Brussel (Cosmopolis) and Université Libre de Bruxelles (IGEAT). In her PhD research, she investigates the restructuration of the banking sector in Brussels. She is particularly interested in the transformations of working practices related to digitalisation. Her main research project is on the geographies of advanced services in Brussels, financed by Innoviris The research focuses on the shifting geographies of advanced services in Brussels, discussing urban clusters and the interlinkages between advanced services.