Past event

Conference

Reinventing Banking

New business models, new players, new returns

Chatham House, London

Overview

In the emerging regulatory and economic context, how will banking evolve?

Following regulatory tightening, facing greater scrutiny and in the context of low economic growth, banks are revising their strategies. This conference will ask how banking will change:

  • How will banks change their cultures and operations in response to the new environment?
  • What new regulation is being considered?
  • Will the universal banking model survive?
  • In a sector where barriers to entry have always been high, will new technologies enable multiple new players to challenge traditional banks?

Previous City Series Testimonials
Excellent group of speakers who provided varying perspectives on the regulatory reform agenda. 
Richard Chenga-Reddy, Head of Regulatory Affairs, Standard Chartered

Insightful commentary on an emerging topic.
Stephen Fisher, Managing Director, Government Relations & Public Policy, BlackRock Investment Management (UK) Limited

A well planned event with a range of very interesting topics covered and top-level speakers
Phinella Henderson, Deputy Director, Insurance, Markets and Mutuals, HM Treasury

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

Pricing 

Register by Friday 18 September 2015 to benefit from the early booking rate.

For any questions about which rate applies to you, please call +44 (0)20 7314 2785.

                  EARLY RATE                      FULL RATE
 EXCL. VATINCL. VATEXCL. VATINCL. VAT
Major corporate member rates    
All organizations£475£570£575£690
Corporate member rates    
Commercial organizations£1,045£1,254£1,150£1,380
Government departments£595£714£680£816
NGOs and academics£365£438£445£534
Standard rates    
Commercial organizations£1,150£1,380£1,255£1,506
Government departments£655£786£725£870
NGOs and academics£425£510£495£594
 

Friday 20 November

Session One | Rebuilding Trust and Confidence
09:20 – 11:15

Chair’s opening remarks
Philip Augar, Writer

  • How will banks effect real and lasting change to their cultures? 
  • Is it possible for banks to adopt a ‘back to basics’ approach while also delivering value to shareholders? Will shareholders’ expectations need to change permanently?
  • What will be the outcomes of the Bank of England’s Fair and Effective Markets Review (FEMR)?
  • How can compensation be designed to support cultural change?
  • Are banks too complicated to manage?
  • Do existing governance structures hold managers to account sufficiently?

Speakers
Tracey McDermott, CEO, Financial Conduct Authority
Charles Roxburgh, Director General, Financial Services, HM Treasury     
Alison Cottrell, CEO, Banking Standards Board
Adam Farkas, Executive Director, European Banking Authority
Jatin Patel, Product Director, TSB

Questions and discussion

11:15 – 11:45 Refreshments

Session Two | Adapting to a New Regulatory Environment
11:45 – 13:30

  • In the new current regulatory context, how can banks strike a balance between solvency and liquidity?
  • How are ring-fencing rules likely to affect bank business models and structural reform plans? 
  • Have banks been forced to be too risk averse? How can banks distinguish between ‘good’ risks and ‘bad’?
  • How are large, complex traditional banking organizations responding to smaller market entrants that are partly able to function outside the scope of regulation? How will new market entrants be regulated in the long-term?
  • What will European Capital Markets Union mean for the regulation of capital markets? How can it work alongside bank finance to support economic recovery and growth in the EU?

Chair
Barney Reynolds, Head, Global Financial Institutions Advisory & Financial Regulatory Group & Partner, Shearman & Sterling LLP

Speakers
Paul Fisher, Deputy Head of the PRA and Executive Director of Supervisory Risk Specialists and Regulatory Operations, Bank of England 
William Coen, Secretary General, Basel Committee on Banking Supervision
Dominique Laboureix, Director of Resolution Planning and Decisions, Single Resolution Board
Douglas Elliott, Fellow in Economic Studies, The Brookings Institution
Mario Nava, Director of the Financial Institutions Directorate, European Commission 

Questions and discussion

13:30 – 14:45 Lunch

Session Three | The Future of Banking
14:45 – 16:45 

  • As customer behaviours and technologies change rapidly, how can banks adapt? Do banks need to adopt a customer-centric approach as a priority in redesigning services?
  • What financial products and services need to be developed in response to changing customer demands and expectations? How can banks remain agile towards change in an increasingly competitive marketplace?
  • To what extent is personal data likely to become the most valuable asset for retail banks?
  • What new innovations in technology have the potential to change the banking sector? 
  • As challengers increasingly provide financial services such as payment systems, digital platforms and direct lending to small and medium-sized enterprises (SMEs) and consumers, to what extent will banks look for opportunities to provide services outside the scope of traditional banking?

Chair
Sir John Gieve, Deputy Governor for Financial Stability, Bank of England Deputy (2006-2009), and Visiting Professor, University College London

Speakers
Victor Matarranz, Senior Executive Vice President, Head of Group Strategy and of the Executive Chairman’s Office, Banco Santander
Matt Hammerstein, Head of Customer and Client Experience, Barclays
Anne Boden, Founder and CEO, Starling Bank 
Cyrus Ardalan, Chairman, OakNorth Bank
Josh Ryan-Collins, Associate Director, Economy and Finance, New Economics Foundation

Questions and discussion

Closing address
Professor Alasdair Smith, Chair, Retail Banking Market Investigation, Competition and Markets Authority

Questions and discussion

16:45 Close of conference and drinks reception


© The Royal Institute of International Affairs 2015

Speakers

Cyrus Ardalan to speak at Chatham House Reinventing Banking 2015 conference

Cyrus Ardalan

Chairman, OakNorth Bank

Philip Augar, speaking at Chatham House Reinventing Banking 2015

Philip Augar

Writer

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

Anne Boden

CEO, Starling Bank

William Coen

Secretary General, Basel Committee on Banking Supervision

Alison Cottrell to speak at Chatham House Reinventing Banking conference

Alison Cottrell

CEO, Banking Standards Board

Douglas Elliott to speak at Chatham House Reinventing Banking conference

Douglas Elliott

Fellow in Economic Studies, The Brookings Institution

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

Adam Farkas

Executive Director, European Banking Authority

Paul Fisher to speak at Chatham House Reinventing Banking conference

Paul Fisher

Deputy Head of the PRA and Executive Director of Supervisory Risk Specialists and Regulatory Operations, Bank of England

Sir John Gieve to speak at Chatham House Reinventing Banking 2015 conference

Sir John Gieve

Independent Non Executive Director, Morgan Stanley & Co International Ltd

Matt Hammerstein to speak at Chatham House Reinventing Banking 2015 conference

Matt Hammerstein

Head of Customer and Client Experience, Barclays

Dominique Laboureix to speak at Chatham House Reinventing Banking 2015 conference

Dominique Laboureix

Director of Resolution Planning and Decisions, Single Resolution Board

Victor Matarranz to speak at Chatham House Reinventing Banking 2015 conference

Victor Matarranz

Senior Executive Vice President, Head of Group Strategy and of the Executive Chairman’s Office, Banco Santander

Tracey McDermott speaking at Chatham House Reinventing Banking conference

Tracey McDermott

CEO, Financial Conduct Authority

Mario Nava speaking at Chatham House Reinventing Banking conference

Mario Nava

Director of the Financial Institutions Directorate, European Commission

Barney Reynolds

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

Charles Roxburgh to speak at Chatham House Reinventing Banking 2015 conference

Charles Roxburgh

Director General, Financial Services, HM Treasury

Josh Ryan-Collins to speak at Chatham House Reinventing Banking 2015 conference

Josh Ryan-Collins

Associate Director, Economy and Finance, New Economics Foundation

Professor Alasdair Smith to speak at Chatham House Reinventing Banking 2015 conference

Professor Alasdair Smith

Inquiry Chair, Retail Banking Market Investigation, Competition and Markets Authority

Santander sponsor of Chatham House Reinventing Banking 2015 conference

If you are interested in becoming a sponsor for this event, please call Kamil Hussain on +44 (0)20 7957 5783 or email khussain@chathamhouse.org.

Media partners

Compliance Monitor media partner of Chatham House City Series conference

Global Banking and Finance Review media partner of Reinventing Banking 2015 conference

Future Banking media partner of Chatham House Reinventing Banking 2015 conference

Global Risk Regulator media partner of Chatham House Reinventing Banking 2015 conference

ICA media partner of Chatham House Reinventing Banking 2015 conference

The Banker media partner of Chatham House Reinventing Banking 2015 conference

If you are interested in becoming a media partner for this event, please contact Ruth Clark on +44 (0)20 7957 5753 or email rclark@chathamhouse.org.

Venue

Chatham House
10 St James's Square
London
SW1Y 4LE
UK
conferences@chathamhouse.org

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 £199 + 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 £230 +VAT

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

Press can request a press pass.