Dr Kay Swinburne, Vice Chair of Financial Services for KPMG UK and former Vice Chair of the European Parliament’s influential Economics and Monetary Affairs Committee, has been appointed the new Chair of the International Regulatory Strategy Group (IRSG). The role was previously held by former City Minister Mark Hoban.
The IRSG is focused on promoting regulation that encourages open and competitive global markets. Recent priorities have included the UK’s regulatory framework post-Brexit, ESG and a green finance taxonomy, and priorities for the G7 held in the UK this summer. The Group is co-sponsored by TheCityUK and the City of London Corporation and comprises senior practitioners from across the financial and related professional services industry.
Commenting on her appointment, Dr Kay Swinburne, said,
I am very pleased to be taking up this role at such a crucial time for the UK as an international financial centre. With the global challenge to recover from the economic impact of the pandemic, the UK setting out its post-Brexit regulatory framework, and regulators seeking to get to grips with climate change and technological transformation, there is a plenty for us to do. Working with the members of the IRSG I am keen to set a policy agenda that enables the financial and related professional services industry to flourish while serving and supporting the wider economy."
Policy Chair at the City of London Corporation, Catherine McGuinness, said:
The industry perspective which the IRSG can give to policymakers, regulators and industry stakeholders in the UK and internationally is more important now than ever. Kay’s deep knowledge of the industry, international regulation, and her proven track record in regulatory change will bring a wide range of benefits to the group. It is a great appointment.”
Miles Celic, Chief Executive Officer, TheCityUK, said,
We are delighted to appoint someone with such outstanding experience and international standing to be the IRSG’s new chair. The UK and other leading international financial centres face huge challenges in the years ahead as they adapt to political, environmental and technological change. International regulatory cooperation will be absolutely key. Kay is an outstanding expert in financial services regulation and we’re delighted she will be leading this work for the industry.”
Dr Swinburne played a pivotal role in shaping EU and global financial services legislation in her role as an MEP, including setting up the EU supervisory bodies (ESAs, SSM, SRM), Capital Markets Union (EMIR, MiFID II, Prospectus, CCP Recovery & Resolution), and the broader Banking Union files.
Between 2011-2016 Kay was recognised as one of the most influential women in finance by Financial News. In 2012, Dr Swinburne received the Financial News’ Most Influential woman in Trading and Technology Award, in 2013 the Most Influential Woman in Market Infrastructure Award, and in 2018 received the IFLR’s Regulatory Reform Award for her career contribution to financial legislative reform. 2020 saw her return to the FN100 most influential women in Europe list and in 2021 she was shortlisted for the WIBF Awards for Achievement.