Past event

Conference

The Banking Revolution

Innovation, regulation and consumer choice

Thomson Reuters, London

This Chatham House ‘City Series’ conference will focus on critical issues facing the banking sector including the effect of Brexit and the new competitive landscape driven by innovation, Fintech and changing consumer expectations.

Key questions for discussion include:

  • What are the implications of the Brexit vote for the banking sector in the UK and beyond?

  • What are the risks and practical challenges of new approaches to financial services and how can policy-makers prepare for an increasingly digital financial sector, protecting consumers while encouraging innovation?

  • How can banks secure profitability and market share while complying with regulation, adapting to a more technology-driven climate and managing continued uncertainty?

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 

In partnership with: 

Innovate Finance

Pricing

*Fintech start-ups are eligible to attend at a discounted rate. To find out if your organization qualifies or for any other booking enquiries contact Dora Rencoret on +44 (0)20 7314 2785.

 

RATE
 

 EXCL. VATINCL. VAT
Major corporate members  
All organizations£595£714
Standard corporate members  
Commercial organizations£1,180£1,416
Government departments£700£840
NGOs and academics£460£552
Non-members  
Commercial organizations£1,295£1,554 
Government departments£750£900
NGOs and academics£510

£612

Thursday 3 November

0930

Welcome address
David Craig, President, Financial & Risk, Thomson Reuters 

Session One | Brexit: Implications for the Banking Sector
09:40 – 11:00

This panel discussion will look at how steps towards the UK’s exit from the European Union will affect the banking sector, with a specific focus on regulatory challenges.

  • What does the UK’s vote to leave the European Union mean for international banks with a UK presence as well as for UK banks? 
  • How can policymakers work with financial institutions throughout the period of uncertainty, and what arrangements between the UK and the EU might emerge?
  • What might be the status of financial services “passports” once the UK exits the EU? What alternative legal model might a post-Brexit negotiated solution follow?
  • How might the UK’s withdrawal from the EU affect the ability for banks to attract the talent required to compete globally?
  • How can the EU navigate Brexit, and keep its European banking union goals intact? 

Chair’s opening remarks 
Baroness Sharon Bowles, Non-Executive Director, London Stock Exchange and Chair, Economic and Monetary Affairs Committee, European Parliament (2009–14) 
    
Speakers
David Wright, Partner, Flint Global, and Secretary-General, International Organization of Securities Commissions (2012-16)
Miranda Carr, Senior Analyst and Head of Chinese Thematic Research, Haitong Bank
Barney Reynolds, Head, Global Financial Institutions Advisory and Financial Regulatory Group and Partner, Shearman & Sterling

Questions and discussion

1100 – 1130 Refreshments

Session Two | Global Regulatory Developments and their Industry Impact
11:30 – 13:15 

This session will analyse how a policy climate might be created that protects consumers, mitigates systemic risk and allows new approaches to financial services to develop. Regulations and policy mechanisms under consideration, as well as how banking business models are adapting to recent developments, will be assessed. 

  • In what ways can innovation in financial services be supported in order to promote competition, while protecting consumers?
  • How can financial regulators prepare for an increasingly digital financial sector? Is greater international cooperation becoming essential, and where do the opportunities for this lie? 
  • Are digital approaches to financial services creating systemic risks? What are the most significant cyber risks for banks and Fintech companies, and what role do regulators play in ensuring preparedness for them?
  • How will regulators approach robo-advice and chatbots when considering fair treatment of customers? 
  • How is the implementation of post-crisis regulatory reform progressing and have there been any unintended consequences? 

Chair
Caroline Binham, Financial Regulation Correspondent, Financial Times

Keynote speakers
Thomas Curry, Comptroller of the Currency, US (on the record)
Svein Andresen, Secretary General, Financial Stability Board

Questions and discussion

Speakers
Adam Farkas, Executive Director, European Banking Authority 
Stephen Murchison, Advisor to the Governor, Bank of Canada 
Shunsuke Shirakawa, Vice Commissioner for International Affairs, Financial Services Agency, Government of Japan 

Questions and discussion
    
13:15 – 14:15 Lunch

Session Three | The Competitive Landscape
14:15 – 15:45

This session will assess the competitive environment in the financial services sector. The risks and practical challenges of new approaches, such as peer-to-peer lending and blockchain, will be analysed, and the extent to which such digital approaches and new market entrants might impact the financial services landscape will be assessed. 

  • In what ways might new market entrants affect the financial services landscape? 
  • Will a continued squeeze on capital see a rise in peer-to-peer (P2P) lending, and what are the associated risks? What relationships are being formed between banks and P2P lenders, and how might these develop?
  • What are the prospects for challenger banks to attract certain customer groups from the dominant retail banks?
  • What will be the effect of payment technologies on banking services? What would the Payment Services Directive (PSD2) mean for the payments market in Europe and, following the referendum result, what does this mean for the UK-based market?
  • What is likely to be included in the next wave of technologies to gain mainstream adoption? On which areas are Fintech investors focusing? 

Chair
Lawrence Wintermeyer, CEO, Innovate Finance

Keynote speaker
Antony Jenkins, Chairman, Currencies Direct and CEO, Barclays (2012-2015) (on the record)

Questions and discussion

Moderated discussion

Moderator
Lawrence Wintermeyer, CEO, Innovate Finance

Panellists
Anne Boden, CEO, Starling Bank
Benny Higgins, CEO, Tesco Bank 
Rhydian Lewis, Founder and CEO, Ratesetter 
Tim Levene, Managing Partner, Augmentum Capital

Questions and discussion

15:45 – 16:15 Afternoon refreshments

Session Four | Transformation of Banking: Business Models, Skills and Innovation
16:15 – 17:30

This session will look at the function of banks in the future landscape of financial services, and what they need to do to in terms of business models, talent development and innovation to secure profitability and market share.

  • Might new entrants take over the most profitable segments of banking, transforming traditional banks into low-margin utilities, or is this an exaggerated risk? How can this risk be managed, and how can banks ensure that they adapt and improve their consumer offerings and profitability?
  • How has technological innovation across a range of industries changed consumer demand, and how can banks adapt to accommodate this?
  • Are larger banks maximizing the benefits of technology and their data, or are they held back by rigid business models? To what extent is regulation an inhibitor? How could banks adapt their organizational structure to encourage innovation? 
  • Should banks wanting to adopt new technologies or approaches achieve this through acquisition or in-house innovation?
  • How can banks attract and retain, or train, individuals with the required skill sets to help them flourish in the digital banking future? 

Moderated panel discussion
Louise Brett, Senior Partner, Deloitte Digital

Speakers
Roland Boekhout, CEO, ING DiBa
Veronica Lange, Head of Innovation, Group Technology Office, UBS 
Andres Wolberg-Stok, Global Head of Policy, Citi FinTech    

Questions and discussion

1730 End of conference and drinks reception


© The Royal Institute of International Affairs 2016

Keynote Speakers

Speakers

Caroline Binham to speak at the Chatham House Banking Revolution 2016 conference

Caroline Binham

Financial Regulation Correspondent, Financial Times

Roland Boekhout to speak at the Chatham House Banking Revolution 2016 conference

Roland Boekhout

CEO, ING-DiBa

Anne Boden to speak at the Chatham House Banking Revolution 2016 conference

Anne Boden

CEO, Starling Bank

Sharon Bowles to speak at the European Capital Markets 2016 conference

Sharon Bowles

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

Louise Brett to speak at the Chatham House Banking Revolution 2016 conference

Louise Brett

Senior Partner, Deloitte Digital

Miranda Carr to speak at the Chatham House Banking Revolution 2016 conference

Miranda Carr

Senior Analyst and Head of Chinese Thematic Research, Haitong Bank

David W Craig to speak at the Chatham House Banking Revolution conference

David Craig

President, Financial & Risk, Thomson Reuters

Adam Farkas to speak at Chatham House's The Banking Revolution 2016 conference

Adam Farkas

Executive Director, European Banking Authority

Benny Higgins to speak at Chatham House The Banking Revolution 2016 conference

Benny Higgins

CEO, Tesco Bank

Veronica Lange to speak at the Chatham House Banking Revolution 2016 conference

Veronica Lange

Global Head of Innovation, UBS

Tim Levene to speak at the Chatham House Banking Revolution conference

Tim Levene

Managing Partner, Augmentum Capital

Rhydian Lewis to speak at the Chatham House Banking Revolution 2016 conference

Rhydian Lewis

Founder and CEO, RateSetter

Stephen Murchison

Stephen Murchison

Advisor to the Governor, Bank of Canada

Barney Reynolds

Head, Global Financial Institutions Advisory and Financial Regulatory Group and Partner, Shearman & Sterling

Shunsuke Shirakawa to speak at the Chatham House Banking Revolution 2016 conference

Shunsuke Shirakawa

Vice Commissioner for International Affairs, Financial Services Agency, Government of Japan

Lawrence Wintermeyer to speak at Chatham House The Banking Revolution conference

Lawrence Wintermeyer

CEO, Innovate Finance

Andres Wolberg-Stok to speak at the Chatham House Banking Revolution 2016 conference

Andres Wolberg-Stok

Global Head of Policy, Citi FinTech

David Wright to speak at the Chatham House Banking Revolution 2016 conference

David Wright

Partner, Flint Global; Secretary-General, IOSCO (2012-16)

Sponsors

ING to sponsor the Chatham House Banking Revolution 2016 conference

Shearman & Sterling logo

Thomson Reuters to sponsor the Chatham House Banking Revolution conference

If you are interested in becoming a sponsor for this event, please contact Amy Wevill on
+44 (0) 20 7957 5732

Media partners
 

Banking Technology to partner with Chatham House on The Banking Revolution 2016 conference

European Payments Council to partner with Chatham House on the Banking Revolution 2016 conference

Future Banking to partner with Chatham House on The Banking Revolution 2016 conference

International Chamber of Commerce (ICC) to partner with Chatham House on the Global Trade 2016 conference

techUK to partner with Chatham House on the Security and Defence in Europe conference

The Fintech Times to partner with Chatham House on The Banking Revolution 2016 conference

If you are interested in becoming a media partner for this event, please contact Amy Smith on
+44 (0)20 7957 5755

The Chatham House Banking Revolution conference is designed for the following:

Job functions:Sectors:
Heads, Directors and CEOsRetail and investment banks
Heads, Directors and CEOsFintech companies
Partners and Heads: Financial services, regulation and technologyLaw firms
Partners and Heads: Financial Services, Innovation, Regulation and FintechConsultancies
Directors and HeadsGovernment departments and regulators

Previous Conference attendees include:

Association of British Credit UnionsBanking Standards BoardBank of America Merrill LynchBank of EnglandBank of Japan
BarclaysBNP ParibasBNY MellonBritish Bankers' Association Central Bank of Ireland
CitiClifford ChanceCredit SuisseDeloitteDentons
Deutsche BankDLA PiperErnst & YoungEuropean Banking AuthorityEuropean Commission
European Investment BankFinancial Conduct AuthorityFreshfieldsGoldman Sachs & Co.Herbert Smith Freehills
HM TreasuryHogan LovellsHSBCKing & Wood MallesonsKPMG
LinklatersLloyds Banking GroupLondon School of EconomicsLondon Stock ExchangeMcKinsey Global
Nomura InternationalPrudentialPwCRabobank InternationalRoyal Bank of Scotland
SantanderSlaughter and MaySullivan & CromwellStandard Chartered BankStarling Bank
TSBZopa   

 

Venue

Thomson Reuters
30 S Colonnade
London
E14 5EP 

Map

[email protected]

Due to refurbishment works at Chatham House in the summer, please note that this conference will not be held at Chatham House and will take place at the above venue.

Accommodation
Although we cannot book accommodation for delegates, we have arranged a reduced rate at the hotels below, 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 and that these hotels are situated near Chatham House rather than the conference venue.

Flemings Mayfair
Half Moon Street
Mayfair
London - W1J 7BH

Tel: + 44 (0)20 7499 2964
Fax: + 44 (0)20 7499 1817

Standard Single from £195 + VAT

The Cavendish London
81 Jermyn Street
London - SW1Y 6JF

Tel: + 44 (0)20 7930 2111
Fax: + 44 (0)20 7839 2125

Standard Single £205 + VAT

Book The Cavendish online

The Stafford London 
St James's Place
London - SW1A 1NJ

Tel: 020 7518 1125
Fax: 020 7493 7121

Standard Single £235 +VAT

The Savoy London
Strand
London - WC2R 0EU

Tel: 020 7836 4343
Fax: 020 7240 6040 

Standard Single from £250 +VAT

This conference will be held under the Chatham House Rule. Information for journalists.

Press can request a press pass.