Thu03

Nov

Conference

The Banking Revolution

Innovation, regulation and consumer choice

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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.

 

STANDARD RATE
 

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

£612

Thursday 3 November 

Session One | Brexit: Implications for the Banking Sector
0930 – 1100

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?

1100 – 1130 Refreshments

Session Two | Global Regulatory Developments and their Industry Impact
1130 – 1300 

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 and innovation, 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? 
  • What will be the outcome of banking structural reform proposals?

1300 – 1400 Lunch

Session Three | The Competitive Landscape
1400 – 1530

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? 
  • What are the limitations on blockchain within current legal frameworks and how might this shape approaches to develop the technology?
  • What will be the effect on retail banks of the requirement to adopt common API standards and how might it effect competition?

1530 – 1600 Afternoon refreshments

Session Four | Transformation of Banking: Business Models, Skills and Innovation
1600 – 1730

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? 

1730 End of conference and drinks reception

© The Royal Institute of International Affairs 2016

Keynote Speakers

Speakers

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 Group; Chair, Economic and Monetary Affairs Committee, European Parliament (2009-14)

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 W. 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 & Financial Regulatory Group & Partner, Shearman & Sterling LLP

Tom Robinson from Elliptic to speak at Chatham House Banking Revolution 2016 conference

Dr Tom Robinson

COO & Co-Founder, Elliptic

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 and Member, Basel Committee

Lawrence Wintermeyer to speak at Chatham House The Banking Revolution conference

Lawrence Wintermeyer

CEO, Innovate Finance

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

Venue

Thomson Reuters
30 S Colonnade
London
E14 5EP 

Map

conferences@chathamhouse.org

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.