Conference

Global Capital Markets

Cross-border investment and regulation: new political realities and adapting to a post-Brexit world

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Chatham House, London

Overview

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.

Twitter 
#CHCity

In partnership with:

ICI Global to partner with Chatham House on the Global Capital Markets 2017 conference 

Pricing

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): 
BEFORE 27 JANUARY

FULL RATE (+VAT): 
AFTER 27 JANUARY
   
Partners and major corporate members  
All organizations£495£595
Standard corporate members  
Commercial organizations£1,085£1,180
Government departments£620£700
NGOs and academics£380£460
Non-members  
Commercial organizations£1,190£1,295
Government departments£680£750
NGOs and academics£440£510

Thursday 23 March
0930

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

Speakers

Paul Andrews to speak at the Chatham House Global Capital Markets conference

Paul Andrews

Secretary General, IOSCO

Robert Barnes to speak at Chatham House Global Capital Markets 2017 conference

Robert Barnes

CEO, Turquoise and Head of Primary Markets and UK Buyside, London Stock Exchange Group

Sharon Donnery to speak at the Chatham House Global Capital Markets 2017 conference

Sharon Donnery

Deputy Governor (Central Banking), Central Bank of Ireland

Daniel Gros to speak at Chatham House Global Capital Markets 2017 conference

Daniel Gros

Director, Centre for European Policy Studies

Gregor Irwin to speak at Chatham House Global Capital Markets 2017 conference

Gregor Irwin

Chief Economist, Global Counsel

Dennis Kredler to speak at the Chatham House Global Capital Markets 2017 conference

Dennis Kredler

Director, European Union Affairs and Head of Brussels Office, The Dow Chemical Company

Simon Nixon

Chief European Commentator, Wall Street Journal

Pär Nuder to speak at the Chatham House Global Capital Markets conference

Pär Nuder

Chairman, The Third National Pension Fund (AP3) and Minister of Finance, Sweden (2004-06)

Gérard Rameix to speak at Chatham House Global Capital Markets conference

Gérard Rameix

Chairman, Autorité des Marchés Financiers

Verena Ross to speak at the Chatham House Global Capital Markets 2017 conference

Verena Ross

Executive Director, European Securities and Markets Authority

Michael Russell to speak at Chatham House Global Capital Markets conference

Michael Russell

Minister for UK Negotiations on Scotland's Place in Europe, Scottish Government

David Semaya to speak at the Chatham House Global Capital Markets 2017 conference

David Semaya

Executive Chairman, Nikko Asset Management

Dr Paola Subacchi to speak at Chatham House Infrastructure Finance 2015 conference

Dr Paola Subacchi

Research Director, International Economics, Chatham House

Dr Kay Swinburne to speak at the Chatham House Global Capital Markets 2017 conference

Dr Kay Swinburne

Member, European Parliament

Ted Truscott to speak at Chatham House Global Capital Markets 2017 conference

Ted Truscott

CEO, Columbia Threadneedle Investments and Chairman of the Investment Company Institute

Dan Waters to speak at the Chatham House European Capital Markets 2016 conference

Dan Waters

Managing Director, ICI Global

Sponsors

JP Morgan to sponsor the Chatham House Global Capital Markets 2017 conference

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

Media partners

AIMA to partner with Chatham House on the Global Capital Markets 2017 conference

IBDE to partner with Chatham House on the Global Capital Markets 2017 conference

ICA to partner with Chatham House on the Global Capital Markets 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

Chatham House
10 St James's Square
London
SW1Y 4LE
UK
[email protected]

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

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 - 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 £250 +VAT

Press registration

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

Press can request a press pass.