2018 Theme
EVOLVE OR PERISH?
THE GLOBAL FORCES CHANGING THE BUSINESS OF BANKS
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.
Agenda
11:30-11:50 Registration
11:50-12:00 Welcome
12:00-12:15 Opening address
12:15-13:30 PANEL I: Taking stock of the G20 Financial Regulatory Agenda – Ten years later
13:30-14:30 Networking lunch
14:30-15:00 Keynote address
15:00-16:15 PANEL II: How digitization and emerging markets are changing the industry
16:15-16:45 Networking Break
16:45-18:00 PANEL III: Banking Supervision 2025: What has to change
18:00-18:20 Closing remarks
18:30-22:00 Evening event
Speakers
Conference Report
This conference report summarizes the key points of the discussions at the fifth annual Financial Regulatory Outlook conference, with a special focus on the 10 years of regulatory reform that was conducted under the auspices of the FSB and the new forces that are currently affecting banks and could have an impact on the future.
Video
Registration
The official registration is now closed. If you have any questions relating to the 2018 Oliver Wyman and CIGI Financial Regulatory Outlook Conference please contact RSVP@CIGI-OW.COM
Our Team
Andrea Federico is a Partner and Head of the Financial Services Public Policy practice in EMEA. Since joining Oliver Wyman in 1998, Andrea has advised major universal banks on their risk and financial resources management priorities and evolutionary challenges. Since 2008 Andrea has developed an understanding of financial stabilization measures and policy issues related to the financial services sector as a whole. He regularly advises central banks, supervisors, ministries and governments on these challenges.
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Davide is Managing Partner for Oliver Wyman EMEA and specializes in Public Policy with most of his work focusing on governments, national regulators, multi-lateral bodies, development finance organizations and central banks.
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Mr. Elliott is a Partner at Oliver Wyman in New York, in the Finance & Risk/Public Policy practice. He focuses on public policy and its implications for the financial sector. He has written and spoken extensively on the impact of recent political developments on financial institutions, including writing “Financial Institutions in an Age of Populism” and “Implications of the Trump Administration for Financial Regulation”. In 2016, Douglas was the lead author of a 150-page study analyzing the impacts of the Basel reforms, building on a similar paper from several years earlier for the IMF.
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