At this difficult time, the impact of the coronavirus outbreak is the overwhelming focus of everyone’s attention, including those working in the financial markets. Although, as the Bank of England and the FCA pointed out recently, this crisis is temporary and will come to end, it will nonetheless have a longstanding impact on the financial services industry, not least in the debate on ESG and stakeholder relations. City & Financial Global – in partnership with the City of London Corporation and TheCityUK – is organising this series of virtual roundtables to help financial institutions to understand the implications of both the coronavirus and the end of the transition period for their businesses.
The UK Financial Services Beyond BREXIT Summit, the 5th in this well-established series, is being held on the 28th October in central London. Once again, we are delighted to be holding the summit in partnership with the City of London Corporation and TheCityUK. Catherine McGuinness, Chairman of the Policy and Resources Committee at the Corporation, and Miles Celic, Chief Executive of TheCityUK, have both kindly agreed to speak. The objective of this conference, which is being held shortly before the UK is due to leave the EU on 31st October, either with or without a deal, is to look beyond BREXIT and examine the opportunities that lie ahead for the City and the wider FS industry.
This event is being organised in partnership with the City of London Corporation, TheCityUK and UK Finance. The timing of the 4th event in the series has been determined by the feedback from the 350 participants at the last summit in November, who opted overwhelmingly for a further event to be held in March, on the basis that by then the lie of the land would be much clearer in terms of the type of BREXIT that will form the basis of the UK’s exit from the EU.
This event will examine the implications of Brexit for the provision of legal services in different practice areas, as well as its impact on clients and any potential opportunities that may arise.
This summit builds on the success of the two previous editions. The timing has been chosen so that the summit will be held after the European Council meeting on 18-19 October. It is currently anticipated that the Heads of Terms for the long-term trade agreement will be submitted for discussion at this meeting, which will make the conference very topical.
Keynote addresses will be given by John Glen MP, Economic Secretary to the Treasury and City Minister, and Nausicaa Delfas, Executive Director of International, and Member of the Executive Committee at Financial Conduct Authority.
The event will be looking at both short-term and long-term strategies to navigate BREXIT successfully and retain the current status as Life Sciences Hub, in Europe and beyond.
The objective of this summit is to help UK companies, UK manufacturers and traders, who import from and export to Europe, with their contingency planning for the range of possible customs arrangements that may be in place post-Brexit, from a no-deal exit to a comprehensive FTA and customs agreement. Companies will need to understand both the tariff and non-tariff barriers they may face, as well as the implications for their supply chains and the customs compliance challenges that lie ahead. This will be particularly challenging for those SMEs that will be making customs declarations for the first time.
The summit will bring together leading experts to provide a cross-cutting view of the implications of Brexit for the future of UK energy, examine possible scenarios and prepare for the fundamental changes ahead that lie ahead. The event will address the key questions that will help c-suite executives prepare for all the possible outcomes that may arise.
Building on the success of the inaugural summit, which was held at Guildhall last October and attracted some 440 c-suite delegates from across the financial services industry, this summit in January will provide a thorough analysis of the situation facing the financial services industry as at the start of 2018.
The future of the UK’s trading relationship with the EU27 and the rest of world is the number one item on the boardroom agenda of businesses across the UK, whether they are manufacturers or service providers, such as financial institutions.
This event has been structured so that the overarching themes are discussed in plenary sessions in the morning, while delegates will split into two workstreams in the afternoon covering the key issues for trade in goods and services respectively.
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 thinking behind the summit is that it would be useful to bring together c-suite representatives from all sectors of the financial services industry.