Reaping the Rewards of Regulation 2006

In association with:

Registration 09.00 - Departure 14:00
18 October 2006
Plaisterer's Hall
1 London Wall
London
EC2Y 5JU

Regulation has once again been voted the top issue for 2006 generating greatest concern by senior business managers in financial services. Basel II, Know Your Customer (KYC), the Single Euro Payment Area (SEPA), IFRS, Sarbanes Oxley, Treat Customers Fairly (TCF), and now MiFID for investment services all dominate the conference circuit. While each initiative may be doing good, the sheer weight of the regulatory programmes is squeezing out other more strategic initiatives.

However, some people argue that such regulation is just part of a broader trend of standards based management driven by globalisation, advanced technologies and a progressive industrialisation of banking operations. To them the regulations are just opening up the competitive market creating opportunities that need to be grasped.

The ifs School of Finance has now conducted research to learn how financial companies are approaching these key issues to “reap the rewards of regulation” and compete more vigorously. Should we see compliance as part of a broader initiative for a more risk-based, quantitative approach to management? Or are banks being drawn reluctantly along a narrow “compliance” road, focusing more on the regulations than on improving their own performance?

Some of the issues will include:

Are “Know your Customer” and “Treat Customers Fairly” at the heart of our marketing strategy?
Are best practice operations management and managing operational risk two disciplines or one?
Are SEPA, Faster Payments, and MiFID key marketing issues or specialist back office issues?
Is there a trend behind all of the compliance legislation towards better management based on quantitative risk assessment, open standards and industrial methods?
How can we leverage compliance spend for more strategic purposes to improve our competitiveness and achieve better end-to-end enterprise control?

Speakers will include:

Bob Giffords, ifs Adviser and author of the White Paper "Reaping the Rewards of Regulation"
Samantha Mitchell, Director, British Bankers Association
Mark Hale, Director of Payments and Settlements and SEPA Programme Director, Barclays
Lars Hansen, Head of Group Operational Risk and Deputy for Group Risk and Control Function, SEB
Geoff Burkholder, Financial Services Industry, Business Intelligence Solutions Director, HP

For more information download the brochure (PDF format, size 2MB). To view these files you need to have Acrobat Reader installed on your computer. This is free and available from the Adobe website.

To make a booking

Either:

complete an application form online
email us at seminars@ifslearning.ac.uk
telephone Denise Courtney on +44 (0) 207 444 7139