New business models, new players, new returns
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
Suggested Hashtag: #CHCity
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. VAT||INCL. VAT||EXCL. VAT||INCL. VAT|
|Major corporate member rates|
|Corporate member rates|
|NGOs and academics||£365||£438||£445||£534|
|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?
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?
Barney Reynolds, Head, Global Financial Institutions Advisory & Financial Regulatory Group & Partner, Shearman & Sterling LLP
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?
Sir John Gieve, Deputy Governor for Financial Stability, Bank of England Deputy (2006-2009), and Visiting Professor, University College London
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
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
Chairman, OakNorth Bank
CEO, Starling Bank
Secretary General, Basel Committee on Banking Supervision
CEO, Banking Standards Board
Partner, Finance & Risk and Public Policy Practices, Oliver Wyman
Executive Director, European Banking Authority
Deputy Head of the PRA and Executive Director of Supervisory Risk Specialists and Regulatory Operations, Bank of England
Sir John Gieve
Independent Non Executive Director, Morgan Stanley & Co International Ltd
Head of Customer and Client Experience, Barclays
Director of Resolution Planning and Decisions, Single Resolution Board
Senior Executive Vice President, Head of Group Strategy and of the Executive Chairman’s Office, Banco Santander
CEO, Financial Conduct Authority
Director of the Financial Institutions Directorate, European Commission
Head, Global Financial Institutions Advisory and Financial Regulatory Group and Global Co-Head of Financial Institutions, Shearman & Sterling
Director General, Financial Services, HM Treasury
Associate Director, Economy and Finance, New Economics Foundation
Professor Alasdair Smith
Inquiry Chair, Retail Banking Market Investigation, Competition and Markets Authority
If you are interested in becoming a sponsor for this event, please call Kamil Hussain on +44 (0)20 7957 5783 or email [email protected].
If you are interested in becoming a media partner for this event, please contact Ruth Clark on +44 (0)20 7957 5753 or email [email protected]
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 £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
The Stafford London
St James's Place
London - SW1A 1NJ
Tel: 020 7518 1125
Fax: 020 7493 7121
Standard Single £230 +VAT