Lunch & learn: Gamekeepers & poachers - The why, what, where and how of financial regulation
In our daily Lunch & Learn sessions you will hear from professionals as they provide a brief overview of topics impacting the global financial industry. Today’s topic is all about Regulation. Lunch will be provided so you can eat while you learn.
We are told that nothing in this world is certain except death and taxes, but perhaps regulation should be added to that list. In this session John Trundle, Chief Executive of Euroclear UK & Ireland, looks at the reasons financial services regulation exists, the forms it takes and how it is implemented. John has been both a regulator and regulated - a gamekeeper and a poacher - and argues regulation is inevitable for large parts of the sector. He notes that regulation helps determine the shape of the industry and the nature of competition in it. John explores what that means for innovation and growth as well as for disruptive technologies like fintech. He describes patterns of deregulation and reregulation and suggests we may be at another turning point. He makes a connection with changes in the geopolitical world order. He looks at international cooperation and at differences in regulatory approaches. He examines how there may be different balances between public policy objectives in different jurisdictions or in an individual jurisdiction over time. In summary, you will learn how financial regulation is about checks and balances.