The sixth annual FT Banking Summit 2019 will highlight what banking leaders are doing, or should be doing, to be positive and plan ahead. It will examine how they are managing the risks while identifying and exploiting the new possibilities. Business growth, revenue generation, profit creation, financial resilience and shareholder value are the key imperatives.
FT Banking Summit 2019
A positive approach to a world of possibilities
Jean Pierre Mustier
Former Speaker of the House of Commons, UK Parliament
Martin Wolf CBE
Lead Stream Sponsors
Associate Stream Sponsors
FT Banking Summit 2019 Preview
Ahead of the FT Banking Summit 2019, An interview from Patrick Jenkins, Financial Editor, Financial Times, David Crow, Banking Editor, Financial Times and Joy MacKnight, Deputy Editor, The Banker. Click here for the video.
"Great event for networking with policy makers and top bankers" Dr Edgar Onwuamaegbu, Solaris Bank
"FT events never fail to deliver! Cutting-edge content and truly synergistic networking" Moona Ederveen, FS-ISAC
"A well structured and engaging day of key banking topics, discussed by informative speakers and moderate expertly by FT journalists" Atif Siddique, Commerzbank AG
"An excellent conference strong on insights into the biggest challenges faced by the industry" Brandon Davies, Obillex
Jean Pierre Mustier
Jean Pierre Mustier has been Group Chief Executive Officer of UniCredit, Italy’s biggest bank, since July 2016. He was also appointed President of the European Banking Federation (EBF) in July 2019. Before joining UniCredit he became, in 2015, a London-based partner of Tikehau Capital, an investment management group, with specific focus and responsibility for Tikehau's international expansion; he also advised many financial institutions and completed large amounts of fundraising for various social enterprises and non-profit institutions, also as trustee. Jean Pierre started his career in Société Générale, working primarily within the Corporate & Investment Banking division, holding numerous senior positions in various markets and financing activities.
John Bercow served as the 157th Speaker of the House of Commons, and the first since World War II to keep order in front of four Prime Ministers. He entered Parliament in 1997 as Conservative MP for Buckingham. He was appointed Shadow Chief Treasury then Work and Pensions Secretary, but resigned to support the Labour Government’s policy to allow unmarried gay and heterosexual couples to adopt. John took over from Speaker Martin with a mission to “strengthen the backbenches and recognise that Parliament is more than a rubber-stamping operation for the government of the day”. He was re-elected three times. In a stream of tributes on his departure, even critics admitted that he had delivered on the original promise. Speaker Bercow built a reputation as a reformer. On one level he dispensed with knee breeches, silk stockings and buckled court shoes. More significantly he increased the use of “Urgent Questions” requiring ministers to make 685 statements on pressing issues, extended the time for Prime Minister’s Questions (PMQs), and replaced the shooting range with a nursery. He introduced Barack Obama to address both Houses of Parliament, but opposed an invitation to Donald Trump on grounds of racism and sexism.
He was also the first Speaker to allow the UK Youth Parliament to debate in the Commons chamber, and went on to chair the event for 10 years. After stepping down from Westminster John shares his insights on the future of our politics and the lessons he has learned about implementing change. He is also a seasoned raconteur with countless stories from the corridors of power. He has received a string of awards from The Spectator’s “Backbencher to Watch” to Stonewall’s “Politician of the Year”. He lives in London and enjoys an abiding passion for football (Arsenal) and tennis – he was once Britain’s No.1 junior tennis player, but considered too short to turn professional.
Martin Wolf CBE
Martin Wolf is Associate Editor and Chief Economics Commentator at the Financial Times. He was awarded the CBE (Commander of the British Empire) in 2000 “for services to financial journalism”. He was a member of the UK government’s Independent Commission on Banking between June 2010 and September 2011. Mr Wolf is an honorary fellow of Nuffield College, Oxford University, Corpus Christi College, Oxford University and King’s College, London. He is also an honorary professor at the University of Nottingham. In 2014, he was made a University Global Fellow of Columbia University, and a Senior Fellow in Global Economic Policy at its School of International Public Affairs. He is a member of the International Media Council of the World Economic Forum.
Mr Wolf has been included in Foreign Policy’s list of the Top 100 Global Thinkers. He has won the Wincott Foundation senior prize for excellence in financial journalism, the RTZ David Watt memorial prize, the Journalism Prize of the Fundacio Catalunya Oberta (Open Catalonia Foundation), Commentator of the Year at the Business Journalist of the Year Awards, the “Ludwig-Erhard Preis für Wirtschaftspublizistik” (“Ludwig Erhard Prize for economic commentary”), and “Commentariat of the Year” at the Editorial Intelligence Comment Awards. The Society of American Business Editors and Writers recognised Mr Wolf in its Best in Business Journalism competition. He has also won the Ischia International Journalism Prize and the Overseas Press Club of America’s prize for “best commentary on international news in any medium”.
His most recent publications are Fixing Global Finance (Washington D.C: Johns Hopkins University Press, and London: Yale University Press, 2008 and 2010) and The Shifts and The Shocks: What we’ve learned – and have still to learn – from the financial crisis (London and New York: Allen Lane, 2014). Mr Wolf was educated at Oxford University. He has honorary doctorates from Nottingham University, Kingston University, Macquarie University, the London School of Economics, Warwick University and KU Leuven.
Prof Joachim Wuermeling
Prof Dr Joachim Wuermeling took office as a member of the Executive Board of the Deutsche Bundesbank in November 2016. He is responsible for the Directorates General Banking and Financial Supervision, Information Technology and Risk Control. He is a member of the ECB Supervisory Board and represents Deutsche Bundesbank in the Basel Committee for Banking Supervision (BCBS) as well as the German Financial Stability Committee (AFS). Prior to taking on his current position, Prof Wuermeling held a variety of executive-level posts in the financial and insurance industries as well as in politics. From 2011 until his departure for the Bundesbank, he was Chairman of the Board of Directors of the Association of Sparda-Banken in Frankfurt am Main. Prior to that, he was a member of the Executive Board of the German Insurance Association for around three years. From 2005 to 2008, he was State Secretary for European affairs at the Federal Ministry for Economics and Technology, where he was also responsible for coordinating European policy matters. Prior to this, he was a member of the European Parliament (CSU) from 1999 to 2005 and held posts at the European Commission in Brussels, the Bavarian State Chancellery in Munich (1993 to 1999) as well as in the Bavarian representative office in Bonn (1989 to 1993). Prof Wuermeling studied law at the Universities of Bayreuth, Erlangen and Dijon, and earned a PhD in European Law from the University of Bayreuth and subsequently a Master of Laws (LLM.) in Comparative, European and International Laws at the European University Institute, Florence.
Amir Amel-Zadeh is Associate Professor of Accounting at Saïd Business School, University of Oxford, and Associate Member of the Oxford-Man Institute for Quantitative Finance. As part of his research he investigates how companies’ transparency on their environmental and social impact affects investors’ asset allocations and how capital markets can facilitate the transition to a more sustainable economy. He is also interested in the effects of reporting and capital requirements on banks' economic choices. Prior to joining Saïd Business School, Amir held a position as Assistant Professor at Judge Business School, University of Cambridge, and prior to that worked at Lehman Brothers in London. Amir has taught or consulted for the financial services industry in the US, Europe, Asia and the Middle East. He is teaching on executive programmes on sustainable investing and on bank governance. He was visiting scholar at Harvard Business School, at New York University Stern School of Business, at Columbia Business School, and visiting professor at the University of Bologna. He is currently serving on the board of a fintech start-up.He received his PhD and MPhil in Finance from the University of Cambridge.
Simone Dettling leads the Banking Team of the UN Environment Finance Initiative (UNEP FI), a global partnership between the UN and more than 240 banks, investors and insurers. As such she manages leadership initiatives with banks from over 60 countries on climate-aligned, sustainable finance, such as the Principles for Responsible Banking. Previously Simone managed the German Government’s Emerging Markets Dialogue on Green Finance, under which she and her team worked with financial institutions from G20 Emerging Markets and Europe to integrate environmental costs into financial decision making and product development. As an expert on green finance at the German International Cooperation (GIZ), she advised projects in emerging economies worldwide on renewable energy and energy efficiency financing, incorporating natural capital considerations in financial decision making, as well as innovative approaches for green economic development. Simone holds an MA in International Economics from the Johns Hopkins School of Advanced International Studies in Washington, DC. During her career has lived and worked in various developing countries, such as Bangladesh, Syria, Lebanon and Malawi.
Karin Dohm heads the Government and Regulatory Affairs department of Deutsche Bank In that capacity she drives DB’s regulatory strategy and engagement with key regulators, politicians and other external stakeholders. She also leads the oversight and control over the implementation of key regulatory initiatives as well as the continuous reconfiguration of the Group addressing Deutsche Bank’s legal entity structure for operating and service entities as well as its booking model. Before taking on this role she was the CFO for the Global Transaction Banking of Deutsche Bank and previously she was the Chief Accounting Officer of DB Group. Before joining Deutsche Bank in 2011, Ms Dohm was a Partner at Deloitte. She has vast experience from more than 15 years as an auditor and tax advisor in transaction advisory services, optimising internal and external reporting processes and auditing the financial statements of clients such as financial services institutions, investment firms, as well as real estate and travel and leisure companies.
In addition, she represents Deutsche Bank in a number of industry related bodies, such as the Board of the European Financial Reporting Advisory Group (EFRAG), the Association of German Banks (BDB) and the European Banking Federation (EBF). Outside of DB, she is a member of the Supervisory Board and the Audit Committee of Ceconomy AG (formerly Metro Group), a publicly listed MDAX company. She is also Vice-Chair of the Supervisory Board and head of the Audit Committee of Deutsche Euroshop AG, another MDAX listed company that invests solely in shopping centres. Ms Dohm studied Economics, Politics and Philosophy in Münster, Saragossa and Berlin.
Dr Lee Braine
Lee Braine, Director of Research and Engineering in the Chief Technology and Innovation Office at Barclays, has a deep interest in technology innovation. He is responsible for a research and engineering function, leads the bank’s technology architecture for distributed ledgers, and leads the bank’s engagement in quantum computing. He represents Barclays on several industry consortia and is the author of technology research papers. His background is in investment banking, clearing and settlement, stock exchanges, corporate banking, payments, and wealth management. He has a BSc and PhD in Computer Science from University College London.
David Gillespie heads up Oliver Wyman’s businesses in the UK & Ireland and leads the established UK Financial Services and Organisation Effectiveness practices. An Oliver Wyman alumnus, David re-joined the firm in 2016 after a senior practitioner career in financial services. He works with clients in both the private and public sectors on complex strategic and organisational issues. His particular area of specialism is “Scaled Agility”, which looks at how large organisations can combine their scale strengths with greater agility in a fast changing and highly unpredictable external environment. He has spoken and published extensively on this topic, including most recently in the World Economic Forum blog, MIT Sloan Management Review and joint research with IESE, the Spanish business school. David is a graduate of Oxford University in Modern History and has completed Harvard Business School’s Advanced Management Program.
Leonique van Houwelingen
Leonique van Houwelingenhas been Chief Executive Officer of BNY Mellon’s European Bank, The Bank of New York Mellon SA/NV, since April 2018. Prior to this she was an Executive Board member of BNY Mellon’s European Bank, the Asset Servicing Business Head for Continental Europe and the Country Executive for The Netherlands. Leonique began her career at ABN AMRO bank in 1995 where she held various managerial roles in areas including export finance, fixed income, transaction management, legal and working capital. She moved to BNY Mellon in 2003 when the bank created a joint venture company, ABN AMRO Mellon Global Securities BV, to provide custody and related services to financial institutions outside North America. From 2011-18 she was the Chair of the Foreign Bankers Association in The Netherlands and a board member of the Dutch Association for banks. Leonique isvocal advocate for diversity and inclusion within financial services. She is also the EMEA Executive Sponsor for PRISM, BNY Mellon’s LGBTQ+ employee group. She is a civil law graduate from the University of Leiden (Netherlands).
Diony Lebot has been Deputy Chief Executive Officer at Societe Generale – in charge of the control functions (risk, finance and compliance) – since May 2018. She has developed strong experience over the last 30 years in various corporate and investment banking activities in France and internationally before joining the Group Risk function in 2015. She joined Societe Generale in 1986. She held several positions within the Structured Finance activity, Financial Engineering and as Head of Asset Finance before joining in 2004 the Corporate Coverage Department as Head of Corporate Coverage in Europe for the Corporates & Institutions division. She was appointed Chief Executive Officer of Societe Generale Americas in 2007 and became a member of the Societe Generale Group Management Committee. In 2012, she became Deputy Head of Coverage and Investment Banking and Chief Executive Officer for Global Banking and Investor Solutions Western Europe. In March 2015, Ms Lebot was appointed Deputy Chief Risk Officer before becoming Group Chief Risk Officer in July 2016. She holds a master’s degree in finance and taxation from Paris 1 University.
Eva Lindholm is Head of Wealth Management UK & Jersey. She was previously co-head of UHNW and GFO for Europe and the Emerging Markets. She joined UBS in 2012. Prior to joining UBS, Eva worked for JPMorgan for over 20 years in a number of senior product and client coverage roles in JPMorgan Investment Bank. She was also responsible for the build out of JPMorgan's Corporate Bank in EMEA. She served on the Board of Transport for London as well its Finance and Policy Committee, from 2006 to 2016. Eva has a Master in Business Administration (MBA) from Columbia University and a Bachelor of Arts (BA) from Dartmouth College.
Anita McBain is Head of Responsible Investment and ESG (Environmental Social and Governance) at M&G Investments, the UK asset manager with £320bn in assets under management (AUM). Anita works across equities, fixed income and multi-asset strategies leading on ESG analysis, company engagement and thematic research. Prior to joining M&G Investments, she was head of sustainability for an impact investing fund that raised catalytic capital to mitigate climate change, address commodity driven deforestation and deliver societal and environmental impacts in line with the United Nations’ Sustainable Development Goals framework. She has worked as an investment analyst at Deutsche Bank, BNP Paribas and European Credit Management. Anita has lived and worked in Singapore, is a graduate of City University, holds an MBA from Edinburgh University and completed postgraduate studies in sustainable business at Cambridge University.
Viswas ("Vis") Raghavan is the Chief Executive Officer for JP Morgan in Europe, the Middle East and Africa (EMEA). He is also the Head of Banking for the region’s Corporate & Investment Bank. Based in London, he has over 25 years of corporate finance experience. As CEO for EMEA, Vis works with the Senior Country Officers and business heads across JP Morgan to ensure that clients are able to take full advantage of the bank’s local knowledge and global capabilities, across all businesses. In addition, as Head of Banking for EMEA, he leads a team of coverage and product bankers across the region responsible for corporate finance, mergers and acquisitions, capital markets, treasury services and transaction banking.
Before being appointed to his current role, he was head of Global Equity Capital Markets at JP Morgan. Prior to that he was head of JP Morgan’s Debt and Equity Capital Markets' businesses for Europe & Asia Pacific. He has been an integral part of JP Morgan’s EMEA business since joining from Lehman Brothers in 2000, where he was Head of Equity-Linked Capital Markets for Europe & Asia.
Vis graduated from The University of Bombay, India with a BSc in Physics and holds a BSc Honours degree in Electronic Engineering & Computer Science from Aston University, Birmingham, UK. He is also a Chartered Accountant with the Institute of Chartered Accountants in England & Wales. In 2016, he was awarded an honorary Doctorate in Science (DSc) by Aston University.
Barnabas (Barney) Reynolds is Head of the Financial Services Industry Group at Shearman & Sterling and is also a member of the firm's executive group. He advises all types of financial market participant as well as governments on the London, European and global markets. He focuses on financial institution law, regulation and legal risk management, both domestically and cross-border. Barney is also immersed in the development of law, regulation and policy. He created and developed the model for Enhanced Equivalence, adopted by the UK Government for its future relationship with the EU, and subsequently by the EU itself. He also published detailed draft Treaty and legislative texts for Enhanced Equivalence. He was a member of the Star Chamber of lawyers advising on legal aspects of Brexit. He has also published “The Art of the No Deal” (Politeia,November 2017), in which he set out detailed work-arounds for a no-deal Brexit outcome across all financial industry sectors, which are in use in most firms across the City and beyond. He has given evidence before numerous parliamentary committees. He has also helped various countries in setting up new legal and regulatory regimes, most notably Abu Dhabi’s ADGM just over three-and-a-half years ago, which is now financial centre number 26 in the world (Z/Yen index).Barney advises financial market participants on navigating the impact and implementation of EU and UK regulatory developments, such as EMIR 2.1 and 2.2, BRRD2, the new EU IPU requirements for non-EU banks and large investment firms and the expansion of the UK's Senior Managers and Certification Regime.
Kate Simon is Global Head of Strategic, Customer & Commercial Outcomes. In this role she is responsible for working with the markets and across digital, data and development to identify and realise the potential future state of HSBC as a digital business. Kate is new to HSBC, joining in September 2019 from The Walt Disney Company where she had global responsibility for growth strategies and business performance of “DisneyLife”.
The first few years of her career were spent building a music, TV and radio artist management business which led to several years in the music Industry before moving into media & e-commerce, along the way developing a passion for building businesses via digital, data and customer-centricity. She has worked for a variety of consumer-tech start-ups and larger companies including blinkbox Entertainment Group, Majestic Wine, Dixons Carphone & Global Media, in fast-growth, transformation or turnaround environments. In addition she has held a number of advisory roles working with early-stage digital disruptors in fintech & e-commerce. Her professional life started with an honours degree in Mechanical Engineering from Bristol University, reflecting her love of both creative and analytical thinking.
Author, inventor and visionary, Michael Spitz’s ideas have influenced major trends in capital markets and most recently the use of emerging teaching technologies during the past two decades.He co-invented the digital book-building process at Dresdner Kleinwort Benson in the late 1990s and shaped the future of electronic trading as we know it. Having worked together with Sean Park, Roman Schmidt, Axel Thill and JP Rangaswani, Michael is the inventor of Commerzbank’s research & development unit for financial services and Main Incubator is a testimony to this.Michael is member of various boards and committees including the World Economic Forum, Tech Quartier and Acatech, and is regularly featured on national and global broadcast (CNBC, BFM, Fox News, ZDF, Bloomberg) and print media (FT, TechCrunch, Wall Street Journal, BoersenZeitung, Handelsblatt). He is a sought-after keynote speaker for emerging technologies, the future of the digital workplace and finance and all matters relating to the capital markets and equity.
Clare Woodman is Head of EMEA and CEO of Morgan Stanley & Co. International Plc. She is a member of both the global operating and management committees and chair of Morgan Stanley Europe SE. She was previously Global Chief Operating Officer for Morgan Stanley’s Institutional Securities Group. She joined Morgan Stanley in 2002 from Clifford Chance. Clare is a Trustee of the Morgan Stanley International Foundation, overseeing the firm’s longstanding partnership with Great Ormond Street Hospital, and she is a sponsor of the firm’s Women's Business Alliance. She holds senior non-executive roles at The UK Finance Board, The Banking Standards Board and is a member of TheCityUK Advisory Council. She studied at the London Business School where she obtained her MBA.
Chairs and Moderators (6)
Patrick Jenkins has been Financial Editor and Assistant Editor at the Financial Times since 2014. In this role, he shapes the FT’s overall financial coverage, with a focus on financial services and investment. He works closely with the editors of Markets, Lex, FT Money, FTfm and the financial services team. He also contributes to leader writing and comment, while continuing to write for the Inside Finance column.
Previously, Mr Jenkins was Banking Editor from 2009 until 2014, leading the 10-strong global financial services reporting team. Prior to this he was Companies Editor, and before that Editor of International Company News. Prior to taking up this post, Mr Jenkins spent four years in Germany as Frankfurt Correspondent for the FT. He joined the FT Group in 1996 editing the newsletter FT world insurance report, before becoming a UK companies reporter in 2000.
Brian Caplen is Editor of The Banker, one of the world’s leading financial journals and part of the Financial Times Group. He is also Executive Editor of fDi magazine which deals with foreign direct investment.
He regularly appears on the BBC, CNN, CNBC and Al Jazeera to comment on international banking, economic and financial issues. He frequently lectures on financial topics. He also worked as a business editor and journalist in Hong Kong and the Middle East for 10 years. He has travelled extensively and done numerous high-level interviews with prime ministers, finance ministers, central bank governors and senior executives.
He has a first class honours degree in Development Studies from the University of East Anglia.
Caroline Binham covers the gamut of financial regulation for the FT, from benchmark-rigging scandals to ringfencing. She is also head of the FT's professional services team. She was previously the FT's award-winning legal correspondent, with a particular focus on white-collar crime. Prior to joining the FT in 2011, Ms Binham covered financial regulation during the crisis at Bloomberg News. In a previous journalistic life, she worked at Conde Nast for titles including Tatler and Traveler. She has lived and worked in Paris, Rome and New York.
David Crow became Banking Editor of the Financial Times, based in London, in October 2018. He was previously the FT’s Senior US Business Correspondent, based in New York and covering primarily pharmaceuticals. Prior to that, he worked on the FT's main news desk in London, where he edited the front page of the print edition. Before joining the FT he was Managing Editor of City AM, the London financial newspaper. Mr Crow has an MA in English Literature from the University of Glasgow.
George Parker was appointed political editor for the Financial Times in September 2007. He has won acclaim for his coverage of the financial crisis and the political drama leading up to the formation of the coalition government.
George's career as a political journalist stretches back to 1990 when he became the Western Morning News political editor, covering the downfall of Margaret Thatcher. He joined the FT as a political correspondent in 1995.
In 2010 he was elected chairman of the parliamentary press gallery and was shortlisted for the UK Press Gazette awards as political journalist of the year. In a UKPG ranking of the top 50 political journalists, George was rated third in a survey of his peers. He is a regular broadcaster on television and radio, and is a guest presenter of Radio 4's Week in Westminster and What the Papers Say
Apart from political journalism, he was the FT's bureau chief in Brussels from 2002-7 and he remains a close follower of European politics. He was the FT's UK news editor from 1999-2002.
George read geography at Queen Mary College, London and was born in 1966. He grew up in Guildford and on a farm in Devon. His interests include a deluded passion for Crystal Palace, cricket and cycling. He is married to Gabrielle, with three children, Jack, Ellie and Maddie.
Follow George on Twitter: @GeorgeParkerFT
Silvia Pavoni is the Economics Editor of The Banker, a monthly publication part of the Financial Times group, for which she has written on international trade agreements, sovereign debt crises, capital markets and financial technology. Ms Pavoni is in charge of The Banker’s Latin America section, the research behind the annual ranking of international financial centres as well as video and audio content for thebanker.com. She has reported from developed and emerging markets including Brazil, Mexico, Argentina, the UK and Hong Kong, among many others, with both written and filmed pieces.
As part of her role, she regularly interviews finance ministers, central bank governors, policy makers and senior bankers. She represents The Banker at various international events, including the annual meetings of the IMF/World Bank and the Inter-American Development Bank, and has chaired numerous conferences and panel discussions on banking, trade and investment. Previously, she was in charge of Centaur Media’s specialist database on public private partnerships, which was tasked with providing data to the UK Government. She has also conducted research for organisations such as the Italian Chamber of Commerce and Industry for the UK and the Italian Trade Commission. Ms Pavoni holds a BSc in Economics and Finance from Ca' Foscari University of Venice.
Agenda - 4th Dec
8:00amRegistration and refreshments
8:50amChair’s opening remarks
Patrick Jenkins, Financial Editor, Financial Times
9:00amIn conversation with the FT: A regulatory balancing act – how do policymakers ensure financial stability without stifling innovation and competition?
Prof Joachim Wuermeling, Member of the Executive Board, Deutsche Bundesbank
Martin Wolf, Chief Economics Commentator, Financial Times
MODERATOR: Caroline Binham, Financial Regulation Correspondent, Financial Times
9:40amKeynote interview: Planning for profit in uncertain, transformative times
In a world of political, economic and environmental uncertainty, coupled with rapid technological and social change, it is difficult for bankers to plan for the future, yet plan they must. The banking sector has been pre-occupied with regulatory reform, competition from non-traditional players and other major difficulties over the past decade, but it is now time to focus more intently on customer needs, digital innovation, revenue generation and profitable growth. Many challenges lie ahead, but the opportunities are even more numerous. How can banks keep the lid on the risks and build their business over the next three to five years? Where will future profitable growth come from?
Jean Pierre Mustier, Group Chief Executive Officer, UniCredit; and President, European Banking Federation
INTERVIEWER: Patrick Jenkins, Financial Editor, Financial Times
10:05amPanel framing presentation: How the technological revolution is re-shaping banking
This presentation will outline the main themes to be covered in the following panel session.
David Gillespie, Head of UK & Ireland, Oliver Wyman
10:20amPanel discussion: How the technological revolution is re-shaping banking
Banking is in the middle of a large-scale digital transformation. Robotics, machine learning, intelligence, big data analytics, cloud computing are already here, with banks deploying these innovations at scale. Blockchain applications are still mostly in the lab, but some are currently being tested in the market. Quantum computing is at the development stage but could become reality a few years from now.
- What are the most exciting opportunities presented by financial technology, and how will they re-shape the banking sector?
- What are the risks, and how should they to be managed?
- Does the use of artificial intelligence require an ethical framework to ensure customer data is not mis-used?
- Is the European Commission’s FinTech Action Plan making any difference?
- “Cloud down”. What happens when the proverbial hits the fan and a major cloud provider’s servers go down? How would it affect the banking industry? How should the industry plan to minimise the impact of such a disaster if it happened?
Dr Lee Braine, Director of Research and Engineering, Barclays
David Gillespie, Head of UK and Ireland, UK Financial Services and Organisational Effectiveness Practices, Oliver Wyman
Kate Simon, Global Head of Strategic, Customer & Commercial Outcomes, HSBC
Michael Spitz, Chief Executive Officer, Main Incubator, Commerzbank
MODERATOR: Brian Caplen, Editor, The Banker
11:20amInterview session: Diversity in banking – does more need to be done?
Banks have done much to improve their culture in recent years, and with it the diversity of their staff. Bank are now appointing more women, people from ethnic minority backgrounds and other under-represented groups to the board, executive management and other senior positions. It is widely accepted that a diverse management team reduces harmful “group think”, leads to more balanced decision making can reduce malpractice and improve commercial success. The diversity argument was won a long time ago, but how quickly have banks acted to turn words into action? Are gender, racial and other quotas a good or a flawed idea? Does more need to be done to increase diversity?
The audience will be invited to give their views, using electronic polling, before and after the discussion
Diony Lebot, Deputy Chief Executive Officer, Societe Generale
Eva Lindholm,Group Managing Director, Head of Wealth Management UK & Jersey, UBS
Vis Raghavan, Chief Executive Officer and Head of Banking, EMEA, JP Morgan
MODERATOR: Silvia Pavoni, Economics Editor, The Banker
11:50amOn stage interview: Europe’s legislative and regulatory agenda – can banks cope?
The European Commission has stated its main priority for the financial services sector remains the creation of a Capital Markets Union, an objective that some find vague but which for some in the eurozone is made more urgent by the wish of certain countries to attempt to establish a financial centre and compete with parts of the London market after Brexit. In addition, the Commission is reviewing a number of directives and regulations – AIFMD, EMIR and MiFID, to name three – which will almost certainly be revised in the near future. Meanwhile, the UK is seeking to find a role and banks’ legal and compliance departments are working overtime to get to grips with recently introduced regulations such as the 5th Anti-Money Laundering Directive and the Capital Requirements Directive V.
• Which legislative and regulatory developments concern banks the most?
• What must banks do to ensure they comply?
• How can the City play a role in creating a pan-European capital market?
Leonique van Houwelingen, Chief Executive Officer, European Bank, BNY Mellon
Barney Reynolds, Global Head, Financial Services Industry Group, Shearman & Sterling
Clare Woodman, Head of EMEA and CEO, Morgan Stanley & Co. International
MODERATOR: Caroline Binham, Financial Regulation Correspondent, Financial Times
12:20pmPanel framing presentation: Is sustainable finance a realistic objective or an elusive dream?
Amir Amel-Zadeh, Associate Professor of Accounting, Saïd Business School, University of Oxford
12:30pmPanel discussion: Is sustainable finance a realistic objective or an elusive dream?
Most people agree that economic development must be sustainable, meaning that it should not be detrimental to the environment, society or future generations. Banks are therefore lending and investing more to promote green energy, combat climate change, encourage financial inclusion and to meet other environmental, social and governance (ESG) objectives.
On the other hand, banks are still happily lending to, and investing in, extractive, polluting and heavy industries that are essential for the economy but which are environmentally damaging and often harmful to people. Critics say this shows that banks are not fully committed to their stated sustainability goals.
Is sustainable finance therefore a realistic objective or an elusive dream? How are banks working with institutional investors – as well as customers, policymakers and others – to meet their sustainability goals?
The audience will be invited to give their views, using electronic polling, before and after the discussion.
Amir Amel-Zadeh, Associate Professor of Accounting, Saïd Business School, University of Oxford
Simone Dettling, Banking Team Lead, United Nations Environment Programme Finance Initiative (UNEP FI)
Karin Dohm, Managing Director, Global Head of Government and Regulatory Affairs and Group Structuring, Deutsche Bank
Anita McBain, Head of Responsible Investment and ESG, M&G Investments
MODERATOR: David Crow, Banking Editor, Financial Times
1:10pmSummation of morning sessions
Patrick Jenkins, Financial Editor, Financial Times
The event will explore the very latest technologies driving seismic change across the financial services ecosystem. Join us to hear experts from a range of banks, insurers, asset managers, start-ups and regulatory bodies engage in frank and timely discussions directed by expert FT journalists, and take advantage of networking opportunities within this very senior peer group.
Confirmed speakers include:
Alison Rose, Incoming CEO, RBS
Vishal Garg, Founder and CEO, Better.com
Michal Kissos Hertzog, CEO, Pepper
Deborah O’Neill, Head of UK Digital, Oliver Wyman
Izabella Kaminska, Editor, FT Alphaville
Joy Macknight, Managing Editor, The Banker
This event will look at financial crimes like money laundering, bribery, corruption, terrorist financing, sanctions busting, rogue trading, market abuse, payments fraud, cyber attacks – and what banks are doing to combat them. It will bring together anti-financial crime experts from banks, regulators, crime agencies, police forces and other organisations to discuss the problems and work out the solutions.
Confirmed speakers include:
Catherine De Bolle, Executive Director, Europol
Lynne Owens, Director General, National Crime Agency
Lord Arbuthnot of Edrom, Member, All Party Parliamentary Group on Cyber Security
Matthew Elderfield, Chief Risk Officer, Head of Group Risk and Compliance, Nordea
Jeremy Annis, Chief Executive Officer, Chief Technology Officer and Co-Founder, Ripjar
Brian Dilley, Group Director, Fraud and Financial Crime Prevention, Lloyds Banking Group
Adam Farkas, Executive Director, European Banking Authority
Maria Vello, Chief Executive Officer, Cyber Defence Alliance
Chair and Moderators
Caroline Binham, Financial Regulation Correspondent, Financial Times
Michael Imeson, Contributing Editor, The Banker, Financial Times Group
Stephen Morris, European Banking Correspondent, Financial Times
5:45pmNetworking reception and special interview: John Bercow on “Parliaments of the Future”.
In this keynote closing interview, John Bercow, former MP and former Speaker of the House of Commons, will outline his vision of what the future holds for parliaments in democracies around the world. He will be asked searching questions about his 10-year stint as Speaker, including the responsibilities of being the chief officer and highest authority of the House, the need to remain politically impartial at all times and the difficulties of controlling MPs bitterly divided over Brexit.
John Bercow, former Speaker of the House of Commons, UK Parliament
INTERVIEWER: George Parker, Political Editor, Financial Times
The banking summit annually attracts senior executives from banks, regulatory bodies, and senior representatives from consultancies and other professional service firms.
C-level and senior executives of global Retail, Corporate, Commercial, Private and Institutional banks with job titles including:
- Relationship Management
- Planning & Performance
- Risk & Finance
- Legal & Compliance
- Policy & Regulation
- Corporate Development
- Financial Institutions
- Digital & Mobile
- Payments & Transactions
- UK Representative Offices
In addition, senior representatives of new market entrants companies, including those representing:
- New Online Banks
- Peer to Peer Lenders
- Bitcoin, Crowd Funding
A limited number of places are also available to senior representatives of professional service firms, technology and payments companies and business consultancies.
Presented by (2)
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.
The Banker provides economic and financial intelligence for the world's financial sector and has built a reputation for objective and incisive reporting. It leads the debate on all the issues surrounding the global banking industry, providing in-depth news and analysis, exclusive interviews with senior industry figures and definitive regional bank listings, including the internationally acclaimed Top 1000 World Banks.
Lead Sponsor (1)
Oliver Wyman is a global leader in management consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].
Lead Stream Sponsors (2)
FTI Consulting is one of the world’s leading business consulting firms, acting as trusted advisor to eight of the world’s top 10 bank holding companies; 96 of the world’s top 100 law firms and 49 of the Fortune 100. We are agile and discreet, sourcing the best team from our extensive global network of subject matter experts, responding rapidly to issues ranging from AML, cyber security, data governance, fraud and financial crime to providing asset tracing, crisis management, responses to regulatory breaches and real-life simulations. Our experts use the latest technologies from AI to e-discovery tools to provide fast, innovative and lasting solutions for maximum impact.
Ripjar’s mission is to equip global financial institutions with the most advanced data and analytics solutions to prevent financial crime at scale.
Unlike other technologies that rely on significant amounts of manual effort, Ripjar’s unique artificial intelligence technology continuously monitors all data sources including structured and unstructured text; systematically and securely joining the dots to counter criminal networks in real-time – providing a complete picture of risk while reducing costs.
Founded by former members of the UK intelligence community, Ripjar’s solutions have been built to handle some of the world’s most challenging problems including helping counter money laundering, cybercrime, and terrorism.
Associate Sponsors (2)
University of Oxford, Saïd Business School
Execution Education at Oxford brings together leaders to explore solutions to complex issues at the interface of business, government and society.
Our faculty and alumni are at the forefront of their fields and provide intellectual leadership for some of the world’s leading financial institutions and organisations. Through these and many other connections, we aspire to be the most influential institution of our kind in the world.
Our research produces cutting-edge knowledge and changes the way leaders think and act and through our on-campus and online executive education programmes we transform organisations and individuals, with immediate and powerful impact.
Website link: https://www.sbs.ox.ac.uk/programmes/executive-education
Financial Institutions Advisory & Financial Recovery
Our award-winning global Financial Institutions Advisory & Financial Regulatory group works on complex cross-border issues and transactions and has advised on a significant number of high profile, first-in-kind, challenging regulatory and compliance matters.
Our practice is truly multi-jurisdictional in its scope, with our core group practicing in London, New York and Washington, DC, and additional regulatory expertise in Toronto, Frankfurt, Paris, Milan, Brussels, Singapore and Beijing, among other offices. This allows us to match the global presence of many of our clients and provide seamless coverage in core jurisdictions. In the current environment, when so many of the rules are generated out of the Financial Stability Board and the Basel Committee, our cross-border regulatory practice allows us to stay ahead of regulatory trends and anticipate issues that may be relevant to you. Most recently our team has been at the forefront of discussions of how Brexit will affect businesses in the UK and globally. They continue to assess, examine and provide practical guidance on the implications of Brexit for financial institutions.
We provide a full global service to banks, investment firms, brokers, insurance and reinsurance companies, exchanges, SEFs/MTFs, clearing and settlement providers, fund firms, payment service providers and corporations on the laws and regulations of the world’s key financial and commercial centres. Capitalising on our regulatory knowledge and insight, we provide innovative solutions on a cross-border and local basis and assist clients in cultivating their relationships with regulators.
Associate Stream Sponsors (2)
Wipro Digital, the digital services unit of the global IT and consulting company, Wipro Limited, collaborates and iterates with clients to deliver customer-centered digital and business transformation. Working with the 170,000 colleagues in Wipro around the world and with our service design business, Designit, we integrate strategy, design and technology to unlock innovation and business value for our clients and their customers. In the UK and Ireland, our combined strength of 5,000 employees serve clients out of 18 offices. Learn more at wiprodigital.com or @WiproDigital.
Palantir Technologies is a software company that builds the world's leading platforms for data-driven operations and decision-making. We create software that optimizes human interaction with massive-scale data, enabling critical institutions to understand, analyze, and act on their data in support of their most important work. Our objective is to produce extraordinary outcomes for our customers. From building safer cars and planes, to discovering new drugs and combatting terrorism, Palantir helps customers across the public, private, and nonprofit sectors transform the way they use their data. Palantir is headquartered in Palo Alto, with major offices in New York, Washington, D.C., and London. Additional information is available at https://www.palantir.com.
Briefing Sponsor (1)
For over 40 years, MSCI has measured and modelled Environmental, Social and Governance (ESG) risk.1 MSCI is a leading provider of ESG Ratings, Indexes and Analytical tools. We aim to help investors integrate ESG across their entire investment process; powering better investment decisions.
- MSCI ESG Research LLC is the world’s largest provider of ESG ratings and research2. For over 10 years, we have rated companies on their exposure to, and management of, industry-specific ESG risks. We rate over 13,000 issuers (including subsidiaries) linked to more than 650,000 equity and fixed income securities. Our ratings and research are used by over 1,300 institutional investors globally; including 46 of the top 50 asset managers.3 Clients can use ESG ratings to support fundamental and quant analyses, portfolio construction and risk management, and thought leadership and engagement.
- MSCI ESG Indexes: MSCI Inc. is the world’s largest provider of ESG indexes4 with over 1,000 ESG Equity and Fixed Income Indexes designed to help institutional investors more effectively benchmark ESG investment performance and manage, measure and report on ESG mandates. The indexes can also be used as the basis for Exchange-Traded-Funds and other index based products. Over $108 billion in institutional, retail and exchange-traded fund assets are benchmarked to MSCI ESG Indexes5. And several global asset owners have selected MSCI ESG Indexes, with over $180 billion allocated in recent years6
- MSCI ESG Analytics: our ESG research, data and indexes are available within MSCI’s analytics systems. MSCI Analytics clients can explore ESG exposures on 650,000 securities and 8 million derivatives to support security selection, portfolio construction, stress testing, and risk and performance attribution analysis.
1. Through MSCI ESG Research and its legacy companies KLD, Innovest, IRRC, and GMI Ratings
2. P&I data and MSCI clients as of March 2018
3. By coverage of companies and by number of ESG clients based on public information produced by Sustainalytics, Vigeo/EIRIS and ISS/Oekom as of November 2018
4. By number of indexes and by assets tracking the indexes compared with publically available information produced by FTSE and S&P Dow Jones as of November 2018
5. As of March 2018, based on Bloomberg, Morningstar and MSCI data. Active AUM includes data as of December, 2017 reported in March, 2018 by eVestment. Data excludes mandate or policy benchmark related assets.
6. Based on publically available information in press releases published from 2014 to date
Digiterre is a software and data engineering consultancy that enables technological and organisational transformation for many of the world’s leading organisations. We envisage, design and deliver software and data engineering solutions that users want, need and love to use.
We deliver Agility at Greater Velocity, because we really care about creating outstanding outcomes and because we take ownership for solving your toughest technical challenges. As a consequence of this approach, we typically deliver high-risk, high-profile and time-constrained projects in less time than our competitors, often significantly so.
For more information, visit www.digiterre.com
Ahead of the FT Banking Summit 2019, An interview from Patrick Jenkins, Financial Editor, Financial Times, David Crow, Banking Editor, Financial Times and Joy MacKnight, Deputy Editor, The Banker. Click here for the video.
Supporting Partners (4)
The Association for Financial Markets in Europe (AFME) is the voice of all Europe’s wholesale financial markets, providing expertise across a broad range of regulatory and capital markets issues. We represent the leading global and European banks and other significant capital market players. We advocate for deep and integrated European capital markets which serve the needs of companies and investors, supporting economic growth and benefiting society. We aim to act as a bridge between market participants and policy makers across Europe, drawing on our strong and long-standing relationships, our technical knowledge and fact-based work.
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu Twitter: @EBFeu
European Risk Management Council is a think tank of Chief Risk Officers and risk management executives from banks, insurers, asset and wealth management firms and other financial institutions operating in Europe. The Council operates in London since 2011 and representatives of more than 200 organisations participated in the Council’s think tank meetings. The Council is an independent and impartial international organisation with a mission to create an effective peer-to-peer platform for sharing the industry best practices in risk management, regulation and compliance. The Council engages the risk executives to develop thought leadership and shape risk management, compliance and regulation agenda.
Nikkei Asian Review brings insights from Asia, from the inside out. As part of Nikkei, Asia’s largest independent business media group, Nikkei Asian Review offers credible, comprehensive pan-Asian reporting that is vital to our readers’ decision-making.