EY hosted their annual ETF Roadshow conferences last week in Dublin, London, and Luxembourg. Given the popularity of ETFs across the global asset management industry, the sessions were “standing room only.” I was fortunate to be a panelist in both Dublin and London. Here are my some of my highlights.
Two UK senior cabinet ministers (and a raft of other leaders) resigned today leaving Prime Minister Theresa May’s Brexit plan in jeopardy. Prime Minister May had already faced challenges with her Brexit deal, and today’s resignations deepen a crisis that has been brewing for months. Here, we outline what the resignations mean for Brexit and how the impact may be felt in financial services.
The Pan European Pension Product (PEPP), expected to launch in 2020, is intended to make a large-scale, portable, and cost-efficient retirement savings product available throughout the EU. The PEPP forms a critical sub-set of the Capital Markets Union (CMU) which is the principal policy initiative aimed at enhancing the efficiency and effectiveness of Europe’s markets.
The increasing applications of artificial intelligence and machine learning in financial services – from robo advisory platforms to algorithmic stock trading to risk modelling – is disrupting decades old processes. As the industry embraces AI-led innovation, can regulators keep up? And more importantly, how might technology solve some of their biggest challenges?
Today the financial services industry was buzzing with reports that UK Prime Minister Theresa May has agreed to a “tentative” Brexit deal that would give UK’s financial services sector regulatory equivalence to the EU. With no official comment from the UK Government or confirmation from negotiator Michel Barnier, a deal on equivalence may be speculative. But if a deal were to happen – what would its impacts be for financial services?