Time for Transparency in FX and Payments

Online symposium using interactive Zoom.

Thursday, September 10th from 6:00pm until 8:00pm, UK time

Sponsorship opportunities available – please get in touch

Executive summary; scroll down for the programme


Without being too dramatic about it, the FX and Payments Sectors are hardly known for their transparency – let’s just say there is a “ample room for improvement”. 

Some within the TTF community are concerned the FX and Payments Sectors are still not yet delivering the outcomes they should be; and are wondering what’s holding back progress. 

Are there conflicts of interest in the system?

Can the FX and Payments Sectors be relied upon to regulate themselves properly?  – or is the profit motive so great that it will continue to drive malpractice, malfeasance, misconduct and mis-selling?

Would the introduction of the Senior Managers Certification Regime into the FX and Payments Sectors drive better conduct? – and if so, why hasn’t it happened yet?

The Regulator sometimes seems reluctant to use the powers available under the Consumer Protection rules – if that is the case, why?

Are the FX and Payments Sectors starting to show signs of being self-serving?

Is the focus drifting towards the ongoing commercial success of the FX and Payments Sectors themselves, rather than on driving the best possible outcomes for the markets they serve?

Are there any other issues that you would recommend the event covers?

 If you want real and meaningful improvements to the FX and Payments Sectors, please “stand up, not stand by” – we need all the help we can get to galvanise support to drive the positive, progressive and purposeful finance reform.

Please do join us for what promises to be an interesting, engaging and thought-provoking event.

There will be a range of stakeholders involved, including some of our Ambassadors and members of our TTF International community. 

We’ll also be touching on a range of insights, ideas and initiatives that are referenced in our new book, entitled

“Why we must rebuild trustworthiness and confidence in financial services; and how we can do it.”

Please get involved and be part of the solution.

Scroll down for further info, speaker details and to make bookings

Who should participate?

This online event will be of particular interest to individuals and organisations that authentically align with the idea that the financial services sector is important and that there is scope for improvement in how it works.

You can expect to be amongst progressively minded and collaboratively minded people.

On the basis that “progress begins with realism” we’ll be running the event as a forum to enable everybody to “say it as they see it.” We will be facilitating the kind of candid yet constructive discussion that is needed to help move matters forward.

We don’t think any one person or organisation has all the answers; and we also think that all answers are worth listening to, so if you’ve got a point of view that you’d like to share, and are keen to hear the views of others, this is definitely an event for you.

This symposium will cover important topics that will be of particular interest to:

  • FX and Payments Professionals
  • Think Tanks and Civil Society Groups with an interest in the financial ecosystem
  • Industry Observers, Commentators; the Media in General
  • Policymakers
  • Regulators
  • Politicians interested in the financial services sector
  • Market Conduct Professionals
  • Bankers and representatives of Banking organisations
  • Risk Management Professionals
  • Compliance Professionals
  • Pension Professionals
  • Financial Services Trade Bodies and Professional Associations
  • Academics and researchers in governance, stewardship, ethics, conduct and compliance throughout the financial services sector.


We will be using interactive Zoom, a highly effective online platform which means we can run this symposium as an ultra-convenient and wonderfully efficient event; all this, without you needing to leave your home or office.

You’ll just need access to a computer with Broadband connection. 

We will be structuring the event in such a way that it will be as engaging and as interactive as we can possibly make it. We’ll  be working hard to create as “life-like” an event as possible, with every opportunity taken to create interaction and engagement.

There will be several presentations with Q&A sessions and an open discussion and debate session towards the end.

Here’s the programme and timings, so far*

18:00 BST 

Welcome to the symposium, introductions and initial exploration of the main issues; plus “Why we must rebuild trustworthiness and confidence in financial services; and how we can do it” by 

Andy Agathangelou FTTF FRSA

Founder, Transparency Task Force; Governor, Pensions Policy Institute; former Founding Chair, Friends of Automatic Enrolment; former Founding Chair, Association of Member Nominated Trustees.

18:20 BST

Presentation #1, for 10 minutes + 5 minutes Q&A with facilitated discussion, by

Ian Tyler
Senior Advisor, Alvarez & Marsal

Ian Tyler is a Senior Advisor for Alvarez & Marsal with over 35 years experience in Financial Services, covering leadership roles in treasury for a number of major UK banks, before moving to professional services in 2011.

Mr. Tyler is an expert in all aspects of capital management (from issuance through to capital planning and stress testing), and both policy and practical aspects of: liquidity risk, funding, interest rate risk in the banking book, non-trading FX, FTP, large exposures and intra group limits.



Click the button below to download Ian’s slides:

18:35 BST 

Presentation #2, for 10 minutes + 5 minutes Q&A with facilitated discussion, by

Jessica Bilcock
Policy Manager, TransferWise

TransferWise is a global technology company that’s building the best way to move money around the world. It is one of the world’s fastest growing tech firms having raised $692m in primary and secondary funding from investors such as BlackRock, Lead Edge, Lone Pine, Andreessen Horowitz, Sir Richard Branson, Valar Ventures. Over six million people use TransferWise, which processes over £4bn in payments every month, saving customers over £1bn a year.

At TransferWise Jessica is responsible for their UK and EU public affairs programmes and played a key role in delivering the extension to the Cross Border Payments Regulation, which will help bring transparency and reduce the costs for millions of European consumers. She also leads on the development of financial crime and payments policy in the region. Prior to starting at TransferWise, Jessica worked on a range of policy issues, including gig economy workers’ rights and the Misuse of Drugs Act. In her spare time, she campaigns for criminal justice reform for female offenders.




18:50 BST

Short leg-stretch and comfort break, for 10 minutes

19:00 BST 

Presentation #3, for 10 minutes + 5 minutes Q&A with facilitated discussion by

Mark Falcon
Founder and Director, Zephyre

Mark is founder and director of Zephyre, a regulatory strategy advisory firm. Zephyre is currently an expert adviser/witness on multiple complex competition and regulatory cases in financial services and technology.

Mark is also a policy adviser to Which? (the UK consumer representative body), an Associate Faculty member at Imperial College Business School, and has been a longstanding Specialist Adviser to the House of Commons Treasury Committee.

Mark was previously an Executive Director at the Payment Systems Regulator, responsible for regulatory policy & strategy, and Head of Economic Regulation/chief economist at Three/CK Hutchison, the largest foreign investor in the UK, in multiple industries. Mark also helped to create Frontier Economics, Europe’s largest economic consultancy, establishing Frontier’s financial services practice.


19:15 BST

Presentation #4, for 10 minutes + 5 minutes Q&A with facilitated discussion, by

Mitch Trehan
UK Head of Compliance & MLRO, Banking Circle

Mitch Trehan is the UK Head of Compliance and MLRO for Banking Circle, and is a regular speaker at various events. 

He started his career in the RAF, training as a Pilot, before moving into financial services where he has over 17 years of experience in Corporate Banking (Citi, Barclays, and JP Morgan) and FinTechs (Ebury, Currency Solutions and Banking Circle).

Mitch sits on the Executive Committee of the Association of Foreign Exchange & Payments companies industry trade body and is involved in a number of industry initiatives, including the EPA’s “Project Regulator”, UK Finance’s project on “Access to Banking for PSPs”, FCA’s “Currency Transfer Services Engagement Group”, HM Treasury’s “Action Group on Remittances” and the PSR’s Payment Strategy Forum’s work on “Financial Crime Liability Models for Banking PSPs”.

He holds English, Scottish and Northern Irish Law degrees, a Professional Postgraduate Diploma in Governance Risk and Compliance, and is a fellow of the International Compliance Association.


19:30 BST

Open discussion & debate, 25 minutes

19:55pm BST until 20:00 BST

Final conclusions; suggested next steps and close to the formal proceedings. 

However, for those that want it…

20:00 BST until 20:30 BST

…informal, unstructured networking and informal conversation; fireside chat” amongst friends as it were.

Please click below to book your place

Once your place is secured, you will be automatically Emailed the details you need to access the event through interactive Zoom – please be sure to enter your Email address correctly. 

For any queries please contact us.

Further information about the TTF

You can click on the button below to read about the 130+ Transparency Task Force Ambassadors. The list includes world class academics and highly respected thought leaders from right around the world.

Click here to see the TTF Ambassadors

Transparency Task Force Advisory Group

You can click on the button below to read about the Transparency Task Force Advisory Group, which is Chaired by the former Chair of the Financial Conduct Authority’s Financial Services Consumer Panel.

Click here to see the TTF Advisory Group

If you want to read testimonials…

If you haven’t been to one of our events before you can use the link below to read some testimonials:

Click here for Testimonials

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