Westminster Business Forum

The future of retail banking - competition, open banking and regulation

Morning, Thursday, 16th November 2017

Central London

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.



Guests of Honour

Colin Garland

Director of Remedies, Business and Financial Analysis, Competition and Markets Authority

David Raw

Head of Banking and Credit Team, HM Treasury

Guests of Honour

David Raw

Head of Banking and Credit Team, HM Treasury

Colin Garland

Director of Remedies, Business and Financial Analysis, Competition and Markets Authority

Chair

Lord Flight

Director, Metro Bank

Speakers

Antony Elliott

Founder, The Fairbanking Foundation

Professor Alistair Milne

Professor of Financial Economics, Loughborough University

Steve Smith

Competition & Regulatory Strategy Director, Lloyds Banking Group

Imran Gulamhuseinwala

Global Head of FinTech, EY and Implementation Trustee, Open Banking

Paul Ferris

Chief Executive Officer and Co-Founder, ObjectTech

Faith Reynolds

Member, Financial Services Consumer Panel and Member, Payments Strategy Forum

Gavin Littlejohn

Chairman, Financial Data and Technology Association

Matt Cox

Head of Insight and Innovation, Nationwide Building Society