Global Capital Markets
Cross-border investment, regulation and growth: adapting to a post-Brexit world
This Chatham House ‘City Series’ conference will assess the current macroeconomic environment and investment flows in Europe, North America and the Asia-Pacific region, and will consider prospects for the global investment management industry at a time of uncertainty. Discussions will provide a timely opportunity to assess the implications of the UK’s vote to leave the EU for the investment management industry in terms of policy, regulation and capital flows.
Sessions will focus on:
- Implications of Brexit for the global asset management industry;
- The potential shape of a post-Brexit policy and regulatory framework;
- What this might mean for the business operations of asset managers as well as cross-border capital flows;
- Opportunities for capital markets to scale up and for investment in the ‘real’ economy to be increased.
The Chatham House Rule
To enable as open a debate as possible, this conference will be held under the Chatham House Rule.
Suggested hashtag: #CHCity
In partnership with:
Register by Friday 27 January 2017 to benefit from the early booking rate.
For any questions about which rate applies to you, please call Alex Cook on +44 (0)207 957 5727
EARLY RATE (+VAT):
|FULL RATE (+VAT): |
AFTER 27 JANUARY
|Major corporate members|
|Standard corporate members|
|NGOs and academics||£380||£460|
|NGOs and academics||£440||£510|
Thursday 23 March
Overview | Global Economic and Investment Outlook
This opening discussion will look at the global macroeconomic outlook, including investment flows and economic conditions in Europe, North America and the Asia-Pacific region.
1100 – 1130 Refreshments
Session One | Brexit and the Global Asset Management Industry
This session will address how the UK’s vote to leave the European Union will affect the investment management industry globally as well as London’s status as a global hub for financial services.
- What are the political and economic implications of the UK referendum result for the asset management industry globally? How might financial stability and economic prospects be affected in the medium to long term?
- Beyond the UK and EU, what will Brexit mean for other large, established asset management hubs? How can the potential ripple effects of a drawn out negotiation be mitigated?
- In what ways are global capital flows being affected and how is this expected to develop as negotiations begin and the post-Brexit environment takes shape? What can be done to manage the potential for investment slowdown and a prolonged period of uncertainty?
- Can London retain its position as Europe’s financial centre? Will there be a shift to alternative asset management hubs globally, and if so, where?
The Industry View: Moderated Panel Discussion
- What will an optimal post-Brexit outcome look like for global asset managers?
- How will Brexit shape strategic business decisions of asset managers?
- To what extent can industry afford a prolonged period of uncertainty? Would a decisive Brexit be a better outcome, in spite of potential risks and unintended consequences of an accelerated negotiation?
- What can financial institutions do to manage uncertainty through the post-referendum negotiations?
1300 – 1400 Lunch
Session Two | Shaping the Post-Brexit Policy and Regulatory Framework
This session will assess the progress of discussions between the EU and the UK, the likely model for the relationship going forward and potential post-Brexit regulatory arrangements between the UK and the EU impacting the asset management industry.
- What will be the status of financial services ‘passports’ once the UK exits the EU, and what might be the challenges of an alternative ‘equivalence’ model?
- How will Brexit affect progress towards the European Capital Markets Union?
- What might Brexit mean for attracting and retaining the talent necessary to enable firms in London to compete globally?
- How might business models and company structures adapt in response to changing regulation?
1530 - 1600 Refreshments
Session Three | Investment Management in a Low-Interest, Low-Growth Environment
With persistent low interest rates and low growth across the major global markets, investors might have to reassess their yield expectations as well as their portfolios. This session will look at the implications of this on the growth of capital markets and consider opportunities for investment in the real economy.
- How are low, or even negative, interest rates affecting the financial system, and what are the long-term implications for investors?
- What opportunities lie in specific asset classes such as infrastructure and climate financing?
- How can the asset management industry adapt to meet the increasing economic pressures of demographic changes in Western economies? Is a re-evaluation of public and private provision for ageing societies enough or are more radical approaches needed?
1730 End of conference and drinks reception
© The Royal Institute of International Affairs 2016
Secretary General, IOSCO
CEO, Turquoise and Head of Primary Markets and UK Buyside, London Stock Exchange Group
Deputy Governor (Central Banking), Central Bank of Ireland
Chairman, The Third National Pension Fund (AP3) and Minister of Finance, Sweden (2004-06)
Dr Kay Swinburne
Member, European Parliament
If you are interested in becoming a sponsor for this event, please contact
Amy Wevill on +44 (0) 20 7957 5732
If you are interested in becoming a media partner for this event, please contact
Amy Smith on +44 (0)20 7957 5755
10 St James's Square
Telephone: +44 (0)20 7314 2785
Fax: +44 (0)20 7957 5710
If you wish to book the venue for your own event please phone +44 (0)20 7314 2764
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.
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.
Half Moon Street
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
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
London - WC2R 0EU
Tel: 020 7836 4343
Fax: 020 7240 6040
Standard Single £250 +VAT