MiFID and Beyond

Speaker: Ian Cornwall, Head of UK Regulation at the Association of Private Client Investment Managers and Stockbrokers - APCIMS

Speaker details: Ian has been actively involved in helping firms prepare for MIFID and the CRD and actively engages with FSA and other regulators and organisations on a wide variety of issues impacting on the activities of APCIM member firms. He is a Chartered Accountant, Fellow of The Securities and Investment Institute and Member of the Institute of Risk Management. He has worked in compliance for the last 20 years and was a senior manager with the London Stock Exchange and The Securities Association. For many years he was Compliance Director of one the UK’s largest private client stockbrokers.

Presentation outline:
MIFID
· Current state of play one month after implementation in the UK
· Focus on practical details of implementation - changes to systems and controls properly implemented -  internal policies being correctly applied
· Post implementation review both internally and externally 
· Threats and opportunities – paying particular attention to any inadvertent ‘gold plating’ of MIFID by FSA
And beyond……………
· Impact of the Retail Distribution Review
· Future funding arrangements of the Financial Services Compensation Scheme
· Final implementation of CRD including Pillar 2 and ICAAP and Pillar 3 disclosure – increasing focus on risk management systems
· Principle based regulation
· Treating Customer Fairly
· Financial Crime
· Integrated Regulatory Reporting
· European strategy for retail financial services
· Influencing policy in Europe