Wed Nov 28 GMT (about 3 years ago)
In your timezone (EST): Wed Nov 28 12:00am - Wed Nov 28 12:00am
Ten years after the financial crisis, and the G20’s ambitious financial regulatory reform plan, many banks have made substantial progress and are today both better capitalized and better governed. Yet they now enter an era categorized by a very different set of risks, arguably posing a more fundamental threat to the traditional banking model.
The introduction of GDPR, MFID 2, and BRRD legislation were designed to reduce risk, but it can be argued that their associated costs have created a lasting competitive disadvantage for European banks. If so, can Basel and FSB level this playing field globally going forward? Or has the regulatory pendulum swung too far?
Banks are exposed to growing business risks from digitization, artificial intelligence and cyber-crime. Major investments are necessary to stay competitive, yet many banks are struggling to contain costs. The pace of change is so quick that their very existence is under threat.
How does regulation affect their ability to compete globally? What will be the impact of emerging FinTech players and globally active banks from China and other emerging markets? And how will the supervisory approach need to adapt to the changing structure of the global financial system? Our Financial Regulatory Outlook conference looks at how banks must evolve to survive.
Chief Negotiator - Task Force for the Preparation and Conduct of the Negotiations with the United Kingdom under Article 50 TEU, European Commission
Executive Director of Supervision, Financial Conduct Authority
President of the Financial Information Authority of the Holy See and the Vatican City State
Director of the Italian Public Finance Monitor, Università Cattolica del Sacro Cuore di Milano
Pedro Duarte Neves
Former Vice-Governor of Banco de Portugal
Director of the Global Economy Program, Centre for International Governance Innovation
Chairman of Rothschild SpA
Managing Partner Asia Pacific, Oliver Wyman
Member of the Board, Single Resolution Board
Senior Vice President, Global Government Relations, Visa Inc.
Chairman of the Autorité des Marchés Financiers
Dean of the School of Business and Professor of Political Economy, Università degli Studi Guglielmo Marconi
Senior Deputy Governor, Bank of Italy
Professor at the University of Pavia and former Minister of Finance, Italy