Global Capital Markets
Cross-border investment and regulation: new political realities and adapting to a post-Brexit world
This Chatham House ‘City Series’ conference will assess the current geo-economic and macroeconomic environment in Europe, North America and the Asia-Pacific region, considering prospects for the global investment management industry at a time of regulatory uncertainty and political change. Discussions will also provide a timely opportunity to assess the implications of the UK’s vote to leave the EU and what the UK government’s pledge to exit the Single Market will mean for investment management in terms of policy, regulation, business operations, cross-border capital flows and London’s position as an asset management centre.
Sessions will focus on:
- Implications of Brexit and global political developments for financial institutions and investment management;
- Shaping a post-Brexit policy and regulatory framework;
- The evolving landscape for business operations and cross-border investment;
- Scaling up capital markets and delivering value and growth for the ‘real’ economy.
The Chatham House Rule
To enable as open a debate as possible, this conference will be held under the Chatham House Rule.
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
|Partners and 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 explore the geo-economic outlook, including economic policy implications of political changes in Europe and the US, and macroeconomic conditions for investors in Europe, North America and the Asia-Pacific region.
Session One | Brexit and the Global Asset Management Industry (Part One)
This session will address how the UK’s vote to leave the European Union will affect the investment management industry globally, and what the challenges will be for London’s status as a global financial services hub.
- What are the economic implications of the UK’s decision to leave the EU and exit the Single Market? How will financial stability and investment 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 effects of a drawn out negotiation, even with clear red-lines, be mitigated?
- In what ways are global capital flows already being affected? What can be done to manage the potential for investment slowdown during a prolonged period of uncertainty?
- How might London’s position as a global financial centre evolve post-Brexit?
- Will there be a shift to alternative asset management hubs globally, and if so, where?
11:45 – 12:15 Refreshments
Session One | Brexit and the Global Asset Management Industry (Part Two)
Moderated discussion: views from the industry
- How are Brexit uncertainties affecting the strategic business decisions of asset managers? What approaches are being taken to manage the prolonged period of uncertainty?
- What tactical decisions on business models and operations are being made in preparation for a post-Brexit future?
- Given London’s significant financial market infrastructure, to what extent can alternatives be sought in the short term?
- What might the challenges be with alternative regulatory arrangements between the UK and the EU, such as the ‘equivalence’ model?
- How will competitive advantages such as access to human capital evolve post-Brexit?
13:15 – 14:15 Lunch
Session Two | The Post-Brexit Transition for Investment Management
This session will focus on the post-Brexit regulatory transition, and the challenges for financial institutions in delivering economic value in the prevailing investment climate.
- Who will be playing a key role in shaping the post-Brexit investment landscape?
- How will Brexit affect Europe’s Capital Markets Union ambitions? How will it affect investment into active versus passive investment funds? Will incentive structures for investment managers change particularly if a low growth, low interest environment persists?
- How might business models and company structures adapt in response to changing regulation?
15:45 - 16:15 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, where can investors look for growth? This session will explore this question in the context of investment management and consider the issue of where value lies 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?
- How dependent is economic growth on maintaining liquidity and access to market-based finance?
- What opportunities lie in specific asset classes such as infrastructure and green finance?
- What investment philosophies are best placed to meet the needs of investors in the long-term? For example, what lessons can be learnt from increasing transparency or ethical stewardship in investment decisions?
- How can the asset management industry adapt to meet the increasing economic pressures of demographic changes and societal ageing in developed economies?
17:15 End of conference and drinks reception
© The Royal Institute of International Affairs 2017
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
Director, Centre for European Policy Studies
Chief Economist, Global Counsel
Director, European Union Affairs and Head of Brussels Office, The Dow Chemical Company
Chief European Commentator, Wall Street Journal
Chairman, The Third National Pension Fund (AP3) and Minister of Finance, Sweden (2004-06)
Chairman, Autorité des Marchés Financiers
Executive Director, European Securities and Markets Authority
Minister for UK Negotiations on Scotland's Place in Europe, Scottish Government
Executive Chairman, Nikko Asset Management
Dr Paola Subacchi
Research Director, International Economics, Chatham House
Dr Kay Swinburne
Member, European Parliament
CEO, Columbia Threadneedle Investments and Chairman of the Investment Company Institute
Managing Director, ICI Global
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