EVOLVE OR PERISH?
THE GLOBAL FORCES CHANGING THE BUSINESS OF BANKS
Ten years after the financial crisis, and the G20’s ambitious financial regulatory reform plan, many banks have made substantial progress and are today both better capitalized and better governed. Yet they now enter an era categorized by a very different set of risks, arguably posing a more fundamental threat to the traditional banking model.
The introduction of GDPR, MFID 2, and BRRD legislation were designed to reduce risk, but it can be argued that their associated costs have created a lasting competitive disadvantage for European banks. If so, can Basel and FSB level this playing field globally going forward? Or has the regulatory pendulum swung too far?
Banks are exposed to growing business risks from digitization, artificial intelligence and cyber-crime. Major investments are necessary to stay competitive, yet many banks are struggling to contain costs. The pace of change is so quick that their very existence is under threat.
How does regulation affect their ability to compete globally? What will be the impact of emerging FinTech players and globally active banks from China and other emerging markets? And how will the supervisory approach need to adapt to the changing structure of the global financial system? Our Financial Regulatory Outlook conference looks at how banks must evolve to survive.
12:00-12:15 Opening address
12:15-13:30 PANEL I: Taking stock of the G20 Financial Regulatory Agenda – Ten years later
13:30-14:30 Networking lunch
14:30-15:00 Keynote address
15:00-16:15 PANEL II: How digitization and emerging markets are changing the industry
16:15-16:45 Networking Break
16:45-18:00 PANEL III: Banking Supervision 2025: What has to change
18:00-18:20 Closing remarks
18:30-22:00 Evening event
This conference report summarizes the key points of the discussions at the fifth annual Financial Regulatory Outlook conference, with a special focus on the 10 years of regulatory reform that was conducted under the auspices of the FSB and the new forces that are currently affecting banks and could have an impact on the future.