CEO blog: Navigating regulatory uncertainty
By Jack Inglis
Published: 27 March 2017
This year’s Global Policy and Regulatory Forum will be hosted in Paris: home both to the AMF and ESMA, and an important hub for European and global policy discussions.
A year on from our last GPRF in London, the political environment has experienced major change. We have witnessed the UK’s decision to leave the EU and the US Presidential elections have not only impacted financial markets but also created a wave of regulatory uncertainty. Around the corner is the first round of the French presidential election and this week Article 50 will be invoked. Without question politics has re-entered the equation and is likely to have a significant bearing on the future evolution of financial regulatory framework.
Deregulatory rhetoric, particularly in the US, is on the rise and implementing change appears to be harder than the US administration first imagined. Questions have been raised about the role of the US Federal Reserve within the Financial Stability Board, which could throw future international co-operation on systemic risk issues into doubt. Our event promises to probe some of the big themes facing the industry and consider how the industry can best navigate these challenges to ensure the long-term sustainability of the sector. Our panellists will delve into supervisory and enforcement trends, regulatory priorities and the macro-economic picture, and we will also be given the investors’ perspective.
We are fortunate to have Steven Maijoor of ESMA and Benoit de Juvigny at AMF delivering our keynote addresses this year. Additionally, we are grateful to our lead sponsors Simmons & Simmons, PwC, Apex and Duff & Phelps for generously supporting the event.
As always, we hope our delegates find the event informative and useful and we look forward to seeing you next week.