Highlights from Jefferson Young's EU Regulation Exocet conference
The event, held at the Kemp Little’s office in the City of London, included speakers from The British Bankers Association, the Financial Times, Fixnetix and Kemp Little.
The EU Regulation Exocet is a not for profit group which comprises of five organisations, formed to pursue the common goal of educating the City of London's Financial Services organisations on the current status of proposed and agreed EU Regulations Jefferson Young are a founding member of the Exocet. The conference was the fourth event to be hosted by the EU Regulation Exocet, which serves as an opportunity to bring senior Financial Services professionals together to review the latest developments within financial regulatory change and their impact on the market.
The evening’s presentations included analysis from keynote speakers and insight into financial regulatory change and its effects on the business economy. A key theme of the evening was how businesses can take advantage of these inevitable and fundamental changes. The conference was attended by over 60 professionals speakers included Viv Bannigan – (Policy Director, Capital Markets, BBA), Philip Stafford (Editor of FT Trading Room), Bob Fuller (CAO, Fixnetix) and Richard Kemp (Senior Partner, Kemp Little).
One major discussion point that came from the speakers and audience was that MiFID II is significantly more prescriptive and disruptive than MiFID I. Richard Kemp explained from a legal perspective the ramifications of non-compliance, whilst Bob Fuller and Viv Bannigan focussed on the key points and the timetable for when institutions will need to have implemented their MiFID/MiFIR programs.
Jefferson Young's managing director Matthew Argent, commented, “Last week’s EU Regulation Exocet Conference was a huge success. Jefferson Young are proud to be able to have played a major role in organising, sponsoring and hosting the event once This year’s event built on the success of the previous year’s, and we have had some very positive feedback from all who attended so far.’