Tuesday, March 14, 2017

27 March 2017: Three Forces Converging on Financial Services

Tiff Macklem
Rotman School of Management, University of Toronto

Chair: Jaimini Bhagwati, ICRIER

Over the last 10 years, three forces have converged on the financial services industry: regulatory change, culture and disruption. In response to the 2008 financial crisis, the Financial Stability Board under the direction of the G20 introduced sweeping regulatory changes that have had far-reaching impacts. But rules and regulations are only effective for what we can measure – for everything else there is culture. In the wake of a series of scandals and large regulatory fines, banks and the regulators have become increasingly attuned to the importance of culture. Finally while global banks have focused on implementing regulatory changes and course correcting their culture, thousands of new FinTech companies, as well as large technology companies, have opened a new competitive frontier in financial services.

Tiff Macklem, will speak to these three issues. Dean Macklem will conclude with some speculative comments on how the Trump presidency may influence these trends.

Date: March 27, 2017
Time: 10:30 A.M.

ICRIER Conference Room,
Core 6A, 4th Floor,
India Habitat Centre, Lodi Road,
New Delhi – 110 003(INDIA)


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