Morning, Thursday, 16th November 2017
THIS EVENT IS CPD CERTIFIED
This seminar will discuss the future for retail banking in the UK - looking in particular at the implications of open banking, key issues for competition and regulation, and the emergence of new business models and technology.
It is timed as stakeholders and policymakers prepare for the introduction of open banking and the implementation of the second Payment Services Directive (PSD2) in January 2018 - which will require banks to open access to customers’ account data and give third parties providers the ability to initiate payments. Delegates will discuss how these major changes will impact on consumers and competition - as well as how the sector can best seize the opportunities presented by the introduction of open APIs (Application Programming Interface).
The conference is also timed as the FCA seeks engagement on its current strategic review of retail banking business models - which is looking at how economic, technological, social and regulatory changes are impacting on the sector, including the future of the free-if-in credit model and the decreasing use of branches.
Further sessions will discuss key priorities for promoting competition in the sector in the new parliament - including how government proposals for a fund to resolve RBS’s state aid commitments could best work to support challenger banks increase their business banking capabilities.
Speakers and other delegates at this conference are expected to be a senior and informed group including Members of both Houses of Parliament, senior government officials involved in this area of public policy, together with banks, building societies, payment service providers, Fintech businesses, commentators, economists and academics, alongside members of the national and trade press.