Our recent Annual Conference, kindly hosted by Nomura, was our largest and best attended yet as we were joined by well over 200 senior figures from across the financial and related professional services industry, the policymaking community, academia and the media.
The conference was focused on the role of the UK financial and related professional services in securing future growth and given its timing shortly after the EU referendum, it offered a timely platform to discuss the implications of the Brexit vote for our industry and the wider economy.
We were very fortunate to hear thoughtful keynote speeches from our Chairman, John McFarlane, Harriett Baldwin MP, Economic Secretary to the Treasury and John Griffith-Jones, Chairman of the Financial Conduct Authority. We also welcomed a distinguished line-up of senior practitioners and experts on our two panel sessions. John McFarlane noted the exogenous shock of Brexit for business and underlined the need for certainty and leadership to prevail. He also touched on the priorities for the industry in the forthcoming negotiations and the way ahead for the industry. His speech was broadcast live on Bloomberg TV, which you can see here and the conference speeches were also widely reported in other mainstream media including the BBC, The Telegraph as well as many European and international outlets.
Harriett Baldwin MP offered the perspective of Government on Brexit, emphasising the importance of preparedness for the forthcoming EU negotiations and reinforcing the fundamental strengths of the UK economy and that Britain remains open for business. And, John Griffith-Jones made clear that the regulator stands ready to support the industry in the months ahead and called on it to keep an open dialogue about the major opportunities and risks when considering alternative models to full EU membership. You can read his speech in full here.
Our first panel session, focusing on the UK’s competitive position as an international financial centre, was chaired by Christian May, Editor, City A.M. and featured Douglas Flint, Group Chairman, HSBC; David Sproul, Senior Partner and Chief Executive, Deloitte; Clare Woodman, Global Chief Operating Officer for Institutional Securities, Morgan Stanley, and; Baroness Bowles of Berkhamsted, former Chair of the ECON Committee in the European Parliament. An analysis of this discussion can be found here.
The second panel session, chaired by Anthony Hilton, Financial & Business Commentator, Evening Standard focused on future opportunities for the industry, including disruptive technology, innovation, FinTech more broadly and Cyber and featured David Craig, President for Financial & Risk, Thomson Reuters; Eileen Burbidge, UK Treasury Special Envoy for FinTech; Mark Hoban, Chairman of the International Regulatory Strategy Group (IRSG), and; Dr Andrew Sentance CBE, Senior Economic Adviser, PwC. For further analysis on this discussion, please click here.
The Conference also featured a presentation from Brian Ledbetter, Senior Partner of McKinsey London Office, who outlined our forthcoming activity on the attractiveness of the UK. This work will be published in the coming weeks.