This event has now taken place but you can watch the video recording of it through our Youtube Channel, get to it by clicking the button below
When
Wednesday, September 15th, 6PM - 8PM, GMTWhere
Online symposium via Zoom.Format
There'll be a great line-up of speakers plus ample scope for discussion and debate.Why you should attend
Why you should attend
Financial regulatory failure has become a massive public interest issue, right around the world, with shockingly high levels of malpractice, malfeasance, misconduct and mis-selling taking place; plus of course
This symposium is all about that and it will focus on what can be done to make real and meaningful change to happen. For senior policymakers, politicians and regulators looking for a “cure” to ineffective financial regulation, this event will be a treasure-chest of creative, pragmatic and effective solutions worthy of serious consideration.
The Transparency Task Force is a “critical friend” to regulators. We see our value in helping to ensure financial regulators are aware of what more they could be doing to help protect the interests of consumers. We have always enjoyed a highly engaged working relationship with regulators. We see ourselves as being on their side (although it may not seem that way to them), always thinking about what more they can do to become as effective as possible.
This is a must-attend event for those concerned about the ineffectiveness of financial regulators. It will be a rare opportunity to get to grips with the real underlying causes of regulatory failure and to tackle head-on the real-world changes that need to happen.
During our event, we’ll be hearing from Sir John Kay, CBE, FRSE, FBA, FAcSS, one of the UK’s leading economists and recognised expert on regulatory affairs. Sir Joh will be talking through the alternative philosophies and approaches to regulation, and he’ll be sharing his thoughts on what changes need to be introduced to get regulators operating effectively.
Our other speakers include Dr Andy Schmulow, who has been closely involved with the developments around Australia’s Royal Commission and in particular with the introduction of Australia’s Financial Regulator Assessment Authority Bill. Andy will be sharing his acknowledged expertise on a range of issues such as:
- Regulatory Capture
- The Revolving Door problem
- The urgent need for better accountability, scrutiny and oversight of the regulators
- What causes the kind of catastrophic Regulatory Failure that we have witnessed in the UK such as the Financial Conduct Authority’s handling of LCF, Connaught Income Series 1, Premier FX, Blackmore Bond and many, many more
In addition to hearing from our world-class speakers, there’ll be ample opportunity for questions, discussion and debate.
The event will therefore be particularly appealing to those that want candid, forthright and grown up conversation around the realities of the present and the possibilities for the future.
Furthermore, it will be highly relevant to individuals that might want to be included in the All-Party Parliamentary Group on Personal Banking and Fairer Financial Services’ Call for Evidence about the Financial Conduct Authority.
Here's the programme and timings so far...
—————————————-6:00pm BST—————————————-
Welcome to the symposium, introductions and initial exploration of the main issues; by
Andy Agathangelou
Founder, Transparency Task Force; Governor, Pensions Policy Institute; Chair, Secretariat Committee, APPG on Pension Scams; Chair, Secretariat Committee, APPG on Personal Banking and Fairer Financial Services; Chair of the Violation Tracker UK Advisory Board
—————————————-6:15pm BST—————————————-
Presentation #1, for 30 minutes by
John Kay
Economist and Author in London
—————————————-6:45pm BST—————————————-
Presentation #2, for 15 minutes + 5 minutes Q&A/Discussion by
Andy Schmulow
Managment consultant, Academic, advisor to GOVTS
—————————————-7:00pm BST—————————————-
Presentation #3, for 15 minutes + 5 minutes Q&A/Discussion by
Mark Bishop
Leader, Connaught Action Group
Regulatory Reform Presentation Slides
—————————————-7:20pm BST—————————————-
Presentation #4, for 15 minutes + 5 minutes Q&A/Discussion by
Dame Angela Eagle MP
Labour Member of Parliament for Wallasey
—————————————-7:40pm BST—————————————-
Final conclusions; and suggested next steps and close to the formal proceedings.
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*The programme will continuously evolve so is subject to change.
John Kay
Economist and Author in London
Sir John Kay is an economist whose career has spanned the academic world, business and finance, and public affairs. He has held chairs at the London Business School, the University of Oxford and the London School of Economics and is a Fellow of St John’s College, Oxford, where he began his academic career in 1970. He is a Fellow of the British Academy and of the Royal Society of Edinburgh.
John is a director of several public companies and a contributing editor of the Financial Times. He chaired the Review of UK Equity Markets and Long-Term Decision-Making which reported to the Secretary of State for Business, Innovation and Skills in July 2012. He is the author of many books, including The Truth about Markets (2003), The Long and the Short of It (2009, new revised edition 2016) and Obliquity (2010). Other People’s Money was published by Profile Books and (in North America) by PublicAffairs in September 2015, was a book of the year for Bloomberg, The Economist and the Financial Times, winner of the Saltire Literary Prize for non-fiction, and was short-listed for the Orwell Prize for political writing.
Radical Uncertainty, jointly written with Mervyn King, was published in March 2020. His latest book, Greed is Dead, co-authored with Paul Collier, was published in July 2020.
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Andy Schmulow
Management, Consultant, Academic, advisor to GOVTS
Dr Andy Schmulow is an Australian legal academic specialising in financial system regulation, specifically Twin Peaks. His focus is on driving good conduct towards consumers and combatting regulatory capture. His advice has been sought by, among others, the Australian Banking Royal Commission, the Australian Law Reform Commission, the South African National Treasury, the Korean insurance association, the New Zealand Law Reform Commission, regulators, central banks and parliamentarians. His advice has been reflected in recommendations made by those bodies and in legislation such as the Financial Regulator Assessment Authority Bill in Australia and the Conduct of Financial Institutions Bill in South Africa. He was tasked by CGAP, a division of the World Bank, to lead in the creation of the world’s first consumer-outcomes indicator framework, to measure consumer financial well-being, first in South Africa, and ultimately for deployment in countries comprising some 1.5 billion consumers. He consults to the financial industry on embracing and embedding fair treatment of consumers, and his research has been published in some of the world’s leading peer-reviewed journals. He has held honorary positions at various universities around the world and is a member of a research cluster at the European Banking Institute. He is admitted to practice in South Africa and Australia.
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Mark Bishop
Leader, Connaught Action Group
Mark advises the Transparency Task Force leadership team on strategy matters. Having entered the world of financial services consumer advocacy in 2012 as de facto leader of the Connaught Action Group and member of the liquidators’ committee of the Connaught Income Fund Series 1, Mark now works with the principals of other action groups and lobbies regulators and politicians to improve the regulatory environment. Having worked as a journalist, media company executive, strategy consultant and corporate finance advisor, Mark holds an MBA from Cranfield University School of Management (where he is now a Visiting Fellow) and sits on the Advisory Board of the MBA programme at Sussex University, where he gained his first degree. He is also the author of a business book, The Future of Private Equity – Beyond the Mega Buy-Out.
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Dame Angela Eagle MP
Labour Member of Parliament for Wallasey
Angela Eagle is the first ever Labour Member of Parliament for Wallasey on Merseyside, defeating Conservative Minister Lynda Chalker in 1992. She served as a Minister in both of the Blair and Brown Labour Administrations and currently serves under the Leader of the Opposition, having finished fourth in the Shadow Cabinet ballot of Labour MPs, and is the Shadow Leader of the House of Commons.
Angela was the first openly lesbian Member of the House of Commons and was civilly partnered in 2008 to trade unionist Dr. Maria Exall. Angela is the twin sister of fellow Labour Member of Parliament, and Shadow Environment Secretary, Maria Eagle (Garston and Halewood).
In 2015 Angela doubled her Parliamentary majority to 16,348, taking over 60% of votes cast. After teh General Election she announced her candidacy to be Labour’s Deputy Leader receiving endorsements from: Unite, CWU, UCATT, TSSA, and her old union Unison.
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