Over the last four years, much has been said about the impact of the General Data Protection Regulation (“GDPR”) which introduces significant reforms to the way personal data is collected, used and shared and is due to come into force in May 2018. However, in June 2016 the situation changed dramatically as the UK will lose the protection of the GDPR following Brexit meaning a new system will have to be put in place to allow the free flow of information between the UK and Europe.
Now in its seventh year, City Week is the premier gathering of the international financial services community. It brings together policy makers and senior industry representatives from around the globe to consider together the future of financial markets and London, in particular. It consists of two days of cutting-edge conferences, seminars and networking opportunities, with other satellite events being held earlier during the week.
Financial services companies in the UK and beyond are embracing new technologies, such as cloud computing, artificial intelligence and biometrics to help them meet the tsunami of regulation unleashed since the 2008 banking crisis.
The RegTech Automation Compliance Forum will address RegTech from a user-led point of view and analyse its potential for the financial services industry – particularly its infrastructure – in the UK and beyond. It will also address the impact of RegTech adoption on compliance and regulatory functions within financial institutions and look at both the actual barriers to implementation, as well as the tangible benefits that compliance officers, in-house counsels and senior directors will see on their spreadsheet.
This highly topical event, which is being held shortly after the Budget, is supported by the Infrastructure & Projects Authority.
The objective of the conference is to review any relevant budget announcements and provide delegates with an update on the latest government initiatives for infrastructure.
Until now EU policy has tended to dominate much of the debate about financial services remuneration in the UK. With Brexit, this will begin to change, and the regulatory environment outside Europe will need more attention, for instance.
Meanwhile Compensation, Rewards and HR managers still have plenty of new UK rules about which to worry, some specifically addressed to remuneration and some affecting it tangentially. In addition, there is a growing focus on socially related areas such as gender pay.
This conference will be the eleventh in this series and is firmly established as the leading event in this field. It will examine the detailed challenges and it will try to take both a short and long term view.
This event is being organised in direct response to demand from the 430 delegates who attended our FS BREXIT Summit at Guildhall in October. Whereas that event focused on the macro picture of the UK’s negotiating strategy, the conference in February will examine the challenge of BREXIT from the perspective of the individual firm and seek to identify the steps that firms can take now in order to preserve their European business interests.
The government is proposing to extend the Senior Managers and Certification (SM&CR) regime to all sectors of the financial services industry, replacing the discredited Approved Persons Regime. The FCA has announced that the extension will take place in 2018.
The conference will bring together an expert speaker panel to discuss the latest policy developments, capacity generation issues and investment climate in relation to meeting the challenges of the UK’s energy market. The event will also discuss the possible implications of BREXIT, and what this means for energy policy and future investment.
On 8 November, HM Treasury announced that 93 firms across the financial services sector have now signed the Women in Finance Charter, which reflects the UK government’s aspiration to see gender balance at all levels across financial services firms. These firms have committed to promote gender diversity by implementing key industry actions as recommended in THE REVIEW into the representation of women in senior managerial positions in financial services by Jayne-Anne Gadhia, CEO, Virgin Money, published on 22 March.
After a long history of working with HM Treasury on a variety of successful high-level events, City & Financial Global is organising this event, hosted at Bloomberg’s headquarters.
Click the link below to find out more and to book.