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May 2010 Newsletter

A message from Barbara Ridpath, CEO

Achieving a coordinated global response to changes in financial regulation is proving to be a challenge. Recent weeks have seen national initiatives take centre stage, while at the same time the lack of clear and binding Eurozone fiscal constraints has caused a lack of confidence by markets in the regional currency. This makes the upcoming 26-27 June G20 summit critical if clarity around a consistent, convergent course of action is to be restored. For the moment, all that is clear is that agreement on regulatory policy and its implementation is still some way off. While between now and early November, we hope there will be clear, measurable progress, we suspect there will remain much to discuss on progress to date and its implications for practitioners at the ICFR’s rescheduled Annual International Regulatory Summit in Amsterdam on 8-9 November 2010.

This edition highlights developments on a number of regulatory fronts, as well as some developments within the ICFR. Our Chairman, David Currie offers a view on financial regulation for the new UK coalition government. There is a short piece on how regulatory uncertainty at both the EU and national level is affecting markets. In addition, we highlight what will become a regular feature on our website, a comparative view on outstanding issues, this time on the AIFM Directive, where there is still much to play for.

Regarding progress at the ICFR, this edition focuses on Training. I would draw your attention to features on two forthcoming training programmes, and encourage you to give us your feedback on your training needs. We are also please to announce the ICFR’s new Director of Training, Bruce Viney.

In order to broaden involvement with the ICFR, we are also launching an Academic Associates Programme and a Professional Associates Programme.

Conscious that our initial newsletters were more about the ICFR than about regulation, we are trying to shift to a more content-focussed newsletter that helps readers get the key information and analysis they need, and guides them to where they can use our website, research, events and training to find out more. To that end, we would value your comments and feedback.

Kind regards,
Barbara Ridpath, CEO

ICFR Annual International Regulatory Summit rescheduled for 8 and 9 November 2010 in Amsterdam	We are delighted to announce that the ICFR Annual International Regulatory Summit, postponed in April due to the travel chaos caused by the Icelandic volcano, will now be held on 8 and 9 November 2010. This stimulating programme and great speaker line-up has generated significant interest and I hope that many of you disappointed by the earlier postponement will be able to join us at the rearranged Summit later in the year. Read more We believe that you will find the Summit an eventful, stimulating and valuable experience that not only enriches the debate surrounding international financial regulation but also brings us closer to a conclusion on the best way forward when considering some of the more complex issues. Should you wish to register your interest in attending the Summit, please fill out the online form. Top
Lord Currie assesses the challenges posed to the new UK government by the financial sector	The new Conservative-Liberal Democrat coalition government has publicly expressed the primacy of stability and sustainable economic recovery amongst its objectives. Developing the preliminary agreed programme into practical policy will involve compromise… Read more Top
“A week is a long time in the markets” – comment by Barbara Ridpath	Equal and opposite news seems to flash across the screen at an ever increasing pace. ‘Euro crisis’ paired with ‘Euro rescue’, ‘Senate banking bill stalled’ followed by ‘Senate banking bill passed.’ It is little wonder the markets are confused. Read more Top
ICFR to launch 12 new training modules covering Risk Management and Regulatory Capital	As part of our mission to deliver high quality training covering Regulation, Compliance and Risk Management we are launching two new training and development programmes, containing 12 modules, covering the topics of Risk Management and Regulatory Capital. The programmes are designed for senior executive management and non-executive directors of banking organisations across both developed and emerging markets. Both programmes will be delivered as e-learning and are each designed to be completed in less than 5 hours. Find out more Top
Training needs survey	One of the core objectives of the International Centre for Financial Regulation is the provision of training on regulation, compliance and risk management to the financial sector and regulators around the world. Your help in identifying gaps in existing offerings, your needs and those of your organisation can help us design better programmes. Please feel free to let us know which topics could be relevant to your business, to you, or your colleagues, by completing our online training needs survey Top
ICFR appoints new training team	We are delighted to announce that our Director of Training role has been filled by the appointment of Bruce Viney. Bruce will join us in early June 2010 from BP where he was the Global Training Manager for Compliance for the Oil and Gas trading group. Find out more Top
ICFR events calendar 2010-2011	The ICFR organises a comprehensive series of events ranging from breakfast briefings and knowledge sessions to invitation-only forums and large international conferences. The current calendar until May 2011 is available by clicking here. Although attendance at our events is mostly by invitation-only, should you be interested in attending any of these events as a delegate or speaker please contact us at events@icffr.org. Ideas for our future events are also welcome. Top
ICFR Associates Programmes	The ICFR is pleased to announce the creation of two new programmes, the Academic Associates Programme and the Professional Associates Programme. The intention of the Academic Associates Programme is to provide a boost to young academics in the field of financial regulation, raise awareness of the ICFR, and provide a source of research for the ICFR. The Professional Associates Programme is a way for financial professionals interested in financial regulation to get involved in the work of the ICFR. Both programmes aim to assemble a group of individuals from varying backgrounds, geographies, experiences, and academic achievements. Read more Top
Books on the financial crisis	Books on the financial crisis are perhaps the single largest growth industry resulting from that crisis. These run from the academic and highbrow to those interested in telling a good story. Most of the ICFR’s bibliographic work to date has been in pure academic and policy articles that will help financial professionals make the link between academics, policy and practice. However, we thought users of our website might find it helpful to access a selection of new titles, selected on a purely subjective basis. In the first edition, for no known reason, there are a surprising number of titles from Princeton University Press, and the key unifying theme is that the title must be followed by a subtitle. Read more Top

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A message from Barbara Ridpath, CEO

In this edition