The UK’s Regulatory Regime for Financial Services in the New Era Virtual Summit will be held on 12th November in partnership with the City of London Corporation, TheCityUK and UK Finance.
We are delighted that John Glen MP, Economic Secretary to the Treasury, and Nausicaa Delfas, Executive Director of International and a member of the Executive Committee at the Financial Conduct Authority, will both be delivering keynote speeches at the summit.
The objective of this timely summit is to help financial institutions understand how the UK regulatory framework under which they operate is likely to evolve in both the short and longer term.
In the short term, companies need to understand how, and to what extent, they will be able to make use of equivalence provisions, a topic on which the EU has not been very forthcoming during the current trade talks. They will also need to comply with the FCA’s new domestic handbook, which will be fully implemented by 31 March 2022, with some new requirements in key areas - such as transaction reporting, share issuance, bank rescues, credit ratings and short selling - coming into effect from next January. Perhaps the most interesting question, though, is how the UK’s regulatory framework is likely to change as London, working together with the UK’s regional financial clusters, adapts to its new position of being a fully independent international financial services centre.
The key themes in the programme during the morning include:
In the afternoon, there will be three concurrent workshops examining the future of financial services regulation in the following three sectors respectively: wholesale banking and capital markets, asset management and insurance.
This summit builds on the success of City & Financial Global’s previous five summits that have explored the evolving impact of the UK’s departure from the EU on the UK’s financial services industry. These conferences become ‘must attend’ gatherings for senior decision-makers in the UK financial services industry. Early booking for the November summit is strongly recommended.
The event will be invaluable for C-suite representatives of banks, asset managers and insurers, as well as their professional providers.