Miles Celic's Blog - December 2019

Below is a summary of activity highlights that the team has been pursuing over recent weeks. It’s by no means a full run down, but should give you an insight into the work being undertaken to support our members and the wider industry.

After much anticipation, the voting public has elected another Conservative government who enter Parliament with a sizeable majority. I spent some time last night with Bloomberg TV on their election special, discussing the results as they came in. With such a decisive outcome, all eyes now turn to the Prime Minister to deliver on his campaign promise to “get Brexit done”. For our part, we remain firmly focused on ensuring the priorities for our industry are heard and that we can sustain the UK’s status as a world-leading international financial centre into the future.

While politicians have been out and about on the campaign trail, we have also had a busy few weeks. Here is a snapshot of what we’ve been up to…

National Conference

Our third National Conference, held last month in Cardiff, in partnership with PwC, was a great success. Attracting over 160 senior delegates, policymakers, practitioners and academics, the event is becoming well-established as the place to discuss future industry growth and key issues relevant to the regions and nations. Among the highlights were an ‘in conversation’ with Rt Hon the Lord Heseltine CH; a keynote from Ken Skates AM, Minister for the Economy; interview with Richard Theo, HM Government FinTech Envoy for Wales and Chief Executive, Wealthify; and two engaging panel discussions. Thank you to PwC and our supporting partners British Business Bank and Eversheds Sutherland. A date for your diaries: next year’s event will take place in Leeds on 19 November.

European visits

As part of our on going EU engagement, we recently visited Copenhagen where we held meetings with industry leaders, government and senior officials. I also led a delegation to Paris for meetings with the Banque de France, AMF, ESMA and Tresor. The meetings covered the current status of the UK/EU negotiations and prospects for the future economic relationship between the UK and the EU.

International engagement

Earlier this month I travelled to Washington DC and New York for meetings with politicians, officials, regulators and members to discuss matters such as regulatory cooperation and trade between the UK and US in financial and professional services, our recent report on how to improve UK-US digital trade, and the potential opportunities for future cooperation.

Last month I spent some time in Singapore and Jakarta, holding a series of meetings with key stakeholders, including government and member firms. In Singapore, I met with the Monetary Authority on enhancing industry support for bilateral government activity and meeting the Financial and FinTech Committee of the British Chamber of Commerce to enhance industry cooperation. In Jakarta, a range of topics were discussed with the Financial Services Authority of Indonesia (the OJK), from capital markets to skills development, and the potential for increasing trade and investment opportunities was addressed with the Indonesian Chamber of Commerce and Industry and Investment Coordinating Board.

And finally…

Thank you to you all for your support. We’ve worked closely with members across the year, partnering on research, reports and initiatives; held countless roundtables, events and conferences that enable us to share insights and bring together members with key policymakers and stakeholders; and have continued to build partnerships and productive relationships. 2020 marks our 10th anniversary and I look forward to working with you all closely as we celebrate that milestone and look ahead to the future.

More information on other recent activity can be found on our news page. And, as ever, if you would like any further information on any of our work or events, please contact us.

Wishing you all a very Merry Christmas and Happy New Year,