Past event

Conference

The New Shape of Banking: Regulation, Reform and Resilience

Chatham House, London

Major banks are facing a raft of regulatory changes: the Bank of England and the European Central Bank are assuming new regulatory responsibilities; the UK and the US are adopting ‘ring-fencing’ for banks, with the EU considering its own ‘ring-fencing’ regime; and differing proposals for resolution of major banks are emerging globally.
 
Policy-makers and regulators, business leaders and expert commentators at this conference will discuss how the new regulatory frameworks will work in practice, assessing:

  • Whether the single supervisor and the single resolution mechanism in the EU will achieve its intended purpose of breaking the interdependencies between banks and sovereign debt
  • Whether ring-fencing will solve the problem of banks being ‘too big to fail’
  • The impact that resolution rules will have on cross-border financial flows
  • How differing approaches to resolution will affect attempts to coordinate regulation globally
  • How banks will adjust to the new regulatory environment.

Continuing Professional Development
5.5 CPD (continuing professional development) hours are available for delegates attending this event, as per The Law Society of England and Wales and the Bar Standards Board.

The Chatham House Rule
To enable as open a debate as possible, this conference will be held under the Chatham House Rule.

Twitter
Suggested hashtag: #CHcity

Monday 20 October 
10:00

What is the new regulatory normal for banks? How will this change the shape of banking?

Session One
Achieving Global Coherence in Banking Regulation
10:00-11:45

Chair
Stephen Pickford, Senior Research Fellow, International Economics, Chatham House

  • What will the G20 meeting in Brisbane deliver, on cross-border resolution and ‘shadow’ banking?

Speaker

Barry Sterland, G20 Deputy Finance Minister, Australian Treasury (via videolink)

Questions and Discussion

  • If a common approach to cross-border resolution cannot be agreed, what will the consequences be for a global financial system?
  • How will the EU’s approach to ‘ring-fencing’ compare to those taken in the US and the UK?
  • Are there any advantages to being a global bank in the current regulatory environment?

Speakers

William Coen, Secretary General, Basel Committee on Banking Supervision

Olivier Guersent, Deputy Director-General, DG Internal Market and Services, European Commission

Douglas Flint, Group Chairman, HSBC Holdings plc

Questions and discussion

11:45-12:10 Refreshments

Keynote Session One
Central Banks' New Regulatory Powers
12:10-13:30 

In the eurozone and the UK, the Central Banks have re-assumed the roles of bank regulators.  How will the new structures work?

  • Both the Bank of England and the European Central Bank (ECB) now oversee monetary policy, financial stability, prudential and macroprudential regulation.  How are the new structures ensuring effective collaboration, and managing policy conflicts within each organization?
  • How will the ECB and the Bank of England work together? Will there be a common European position in the Financial Stability Board?
  • In the UK, the conduct of business is now regulated separately.  Does this make the regulatory architecture weaker or stronger?

Chair
Sharon Bowles, MEP (2005-14) and Chair, Economic and Monetary Affairs Committee, European Parliament (2009-14)

Keynote Speakers

Sir Jon Cunliffe, Deputy Governor, Financial Stability, Bank of England
Questions and discussion

Vítor Constâncio, Vice-President of the European Central Bank 
Questions and discussion

13:30-14:40 Lunch

Session Two
Regulatory Policy and the Wider Economy
14:40-16:15

  • The aim of creating a single supervisor, and a resolution mechanism in the EU was to break the interdependencies between banks and sovereign debt, raising confidence in the European economy. Does the European Central Bank’s Asset Quality Review show that this has been achieved?
  • Is collective supervision without collective resolution or deposit insurance, workable?
  • What will be the effect of the structural changes on EU members who are not part of the eurozone, or who have not opted ‘in’ to banking union? Which non-euro member states will  join banking union?
  • What do rules on supervision, ringfencing and resolution mean for the location of banking business across the EU?  
  • What impact will resolution rules have on cross border financial flows?  
  • How will banks’ business models change in response to regulation on supervision, ring-fencing and resolution?

Moderator
Nicolas Véron, Visiting Fellow, Peterson Institute  for International Economics and Senior Fellow, Bruegel   

Speakers

Katherine Braddick, Director, Financial Services, HM Treasury

Andrea Enria, Chairperson, European Banking Authority

Lorenzo Bini Smaghi, Member of the Board and Vice President of Société Générale

Chris Allen, Managing Director and Global Head of Regulatory Policy, Barclays

Questions and discussion

16:15 - 16:45 Refreshments

Session Three
Non-Bank Finance
16:45-17:45 

  • As bank regulation becomes more stringent, business will move elsewhere as businesses seek liquidity. What are the advantages of  non-bank sources of finance, and how can they best be regulated?

Moderator

Hugo Dixon, Editor-at-large, Breakingviews, Thomson Reuters

Discussants

Jes Staley, Managing Partner, BlueMountain Capital Management

Ben Birgbauer, Treasurer, Jaguar Land Rover

17:45 Close of conference and drinks reception hosted by Chatham House

© The Royal Institute of International Affairs 2014

Keynote Speakers

Speakers

Chris Allen

Global Head of Regulatory Policy, Barclays

Lorenzo Bini Smaghi

Member of the Board and Vice President of Société Générale

Ben Birgbauer

Treasurer, Jaguar Land Rover

Sharon Bowles to speak at the European Capital Markets 2016 conference

Sharon Bowles

Non-Executive Director, London Stock Exchange Group; Chair, Economic and Monetary Affairs Committee, European Parliament (2009-14)

Katharine Braddick

Director of Financial Services, HM Treasury

William Coen

Secretary General, Basel Committee on Banking Supervision

Hugo Dixon

Editor-at-large, Breakingviews, Thomson Reuters

Andrea Enria

Chairperson, European Banking Authority

Douglas Flint

Group Chairman, HSBC Holdings plc

Olivier Guersent

Deputy Director-General, DG Internal Market and Services, European Commission

Stephen Pickford

Senior Research Fellow, International Economics, Chatham House

Jes Staley

Managing Partner, BlueMountain Capital Management

Barry Sterland

G20 Deputy Finance Minister, Australian Treasury

Nicolas Véron to speak at Chatham House City Series 2016 conference

Nicolas Véron

Senior Fellow, Bruegel

Pricing

For any questions about rates, please call +44 (0)20 7314 2782.

                      FULL RATE
EXCL. VATINCL. VAT
Major corporate member rates
All organizations£550£660 
Corporate member rates
Commercial organizations£1,095£1,314
Government departments£645£774
NGOs and academics£425£510
Standard rates
Commercial organizations£1,195£1,434 
Government departments£695£834
NGOs and academics£475£570

If you are interested in becoming a sponsor for this event, please contact Alison Archer on +44 (0)20 7314 3643 or email aarcher@chathamhouse.org.

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This conference will offer a unique opportunity to network with senior officials from businesses, government, NGO's and academic institutions.

Our previous city series conferences saw delegates from companies and institutions such as:

Accenture
Advent International plc
Allianz Global Investors
Aviva
AXA Investment Managers
Banca d' Italia
Bank of America Merrill Lynch
Bank of England
Bank of Japan
Bank of Tokyo-Mitsubishi UFJ Ltd
Barclays Capital
Barclays plc
Baringa Partners
BBVA
BG Group
BNP Paribas
BNY Mellon
British Bankers' Association
Central Bank of Ireland
Citi
City of London Corporation
Clifford Chance LLP
Comissao do Mercado de Capitais
Constantine Cannon
Credit Suisse Securities
De Nederlandsche Bank (DNB)
Deloitte
Deutsche Bank
Ernst & Young
Euroclear
European Banking Authority
European Investment Bank (EIB)
ExxonMobil International Ltd
Financial Reporting Council (FRC)
Financial Services Authority (FSA)
Fitch Ratings
Foreign & Commonwealth Office
Freshfields Bruckhaus Deringer
Fried Frank Harris Shriver & Jacobson (London) LLP
Goldman Sachs International
Herbert Smith Freehills LLP
Herbert Smith LLP
HM Treasury
HSBC
Institute for Financial Research
Investec Asset Management
Japan Bank for International Cooperation
Jersey Financial Services Commission
JP Morgan
KPMG LLP
Latham & Watkins
Linklaters LLP
Lloyd's of London
Loan Market Association
Mayer Brown
Mizuho Corporate Bank
Morgan Stanley
Nationwide Building Society
Nederlandse Vereniging van Banken (NVB) (Dutch Banking Association)
Nomura International plc
Oliver Wyman
PricewaterhouseCoopers
Prudential plc
Rabobank International
Rolls-Royce International Limited
Royal Bank of Scotland (RBS)
Santander Group
Shearman & Sterling LLP (London)
Simmons & Simmons
SKAGEN Funds
Slaughter and May
Standard and Poor's
Standard Chartered Bank
Statoil (UK) Ltd
Sumitomo Mitsui Banking Corporation Europe Limited
Swiss Financial Market Supervisory Authority (FINMA)
The Clearing House
The Department for Business, Innovation and Skills (BIS)
The Depository Trust & Clearing Corporation (DTCC)
Troika Bank
UBS AG
US Department of the Treasury
White & Case LLP

Venue

Chatham House
10 St James's Square
London
SW1Y 4LE
UK

conferences@chathamhouse.org

Telephone: +44 (0)20 7957 5729
Fax: +44 (0)20 7957 5710


If you wish to book the venue for your event please phone +44 (0)20 7314 2764


Directions

The nearest tube station is Piccadilly Circus which is on the Piccadilly and the Bakerloo Underground lines. From Piccadilly follow Regent Street southwards towards Pall Mall and take the first road on the right called Jermyn Street. Duke of York Street is the second road on the left and leads to St James's Square. Chatham House is immediately on your right.

Map

Accommodation

Although we cannot book accommodation for delegates, we have arranged a reduced rate at some nearby hotels, where you can book your own accommodation. Please inform the hotel that you will be attending a conference at Chatham House (The Royal Institute of International Affairs) to qualify for the Institute's reduced rate.

Please note all rates are subject to availability.

Flemings Mayfair
Half Moon Street
Mayfair
London W1Y 7RA
Tel: + 44 (0)20 7499 2964
Fax: + 44 (0)20 7499 1817
Standard Single from £199 + VAT

The Cavendish London
81 Jermyn Street
London
SW1U 6JF
Tel: + 44 (0)20 7930 2111
Fax: + 44 (0)20 7839 2125
Standard Single £205 + VAT

To book The Cavendish online

The Stafford London by Kempinski
St James's Place
London
SW1A 1NJ
Tel: 020 7518 1125
Fax: 020 7493 7121
Standard Single £230 +VAT

This conference will be held under the Chatham House Rule. Information for journalists
Press can request a press pass.


Event contact

Chatham House Conferences

+44 (0)20 7957 5729