Banking reform in the UK - competition, innovation, standards, and ma

Westminster Business Forum
London - United Kingdom
18th October 2016

This timely seminar will discuss key policy priorities ahead for the UK’s banking sector.

Delegates will have the opportunity to engage with policymakers and regulators on key issues facing the industry, and share latest thinking on accountability and ethics, market stability, competition and innovation.

The conference is scheduled to facilitate discussion on the final report of the Competition and Market Authority’s Retail Banking Market Investigation this summer, which is expected to include measures to encourage account switching and overdraft management, and to limit the cumulative effects of unarranged charges. Sessions will also focus on regulatory changes ahead for the sector, particularly in light of the introduction of the Senior Managers and Certification Regime earlier this year, and the expected implementation of the Ring-Fence in January 2019.

This meeting will bring together Members of both Houses of Parliament, senior officials from HM Treasury, the Bank of England, PRA, FCA and other relevant departments, as well as banks, mutual and alternative credit providers, lawyers, consumer groups, business and academia, alongside members of the national and trade press.

At this early stage we are delighted that Alasdair Smith, Independent Chair, Retail Banking Market Investigation, Competition and Markets Authority and Sir John Vickers, Professor of Economics, All Souls College, Oxford University, and former Chair, Independent Commission on Banking have very kindly agreed to deliver keynote addresses at this event.

Further confirmed speakers include: Caroline Barr, Member, Financial Services Consumer Panel; Wayne Bartlett, Chief Industry Strategist, Financial Services, Microsoft; Stephen Haddrill, Chief Executive Officer, Financial Reporting Council and Steve Smith, Director, Retail Competition and Regulatory Strategy, Lloyds Banking Group.

Lord Sharkey, Member, Economic Affairs Select Committee has kindly agreed to chair part of this event.

Summary