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for hosting:

"How can we accelerate the rebuilding of trustworthiness and confidence in financial services?"

and thanks to our sponsor

If you want to read testimonials...

 

If you haven't been to one of our events before you can use the link below to read some testimonials:

When and where is the meeting?

 

Registration is at 9AM for a 9:30AM start; ending at 4PM on Tuesday 5th November, at:

 

The Shard, 

32 London Bridge St,

London

SE1 9SG

If you already know you want to attend

 

Click on the button below to secure your place and note that there are 3 ticket options: Standard, Discounted and Complimentary; the notes you get to will provide all the information you need about the ticket options but feel free to get in touch if you have any enquiries about the ticket options or any other matter, by sending an Email to: andy.agathangelou@transparencytaskforce.org

 

Thank you!

What can you expect at the symposium?

 

You can expect to be amongst progressively minded and collaboratively minded people who are keen to explore how best to reform financial services so that consumers get a better deal; and trust & confidence in the system can be restored.

 

You will learn about the major international effort that is now underway - in particular, you will get to understand how people around the world are working together to create a new “Framework for Finance Reform” at the heart of which are the “The 12 Finance Development Goals.”

 

The 12 Finance Development Goals are a similar concept to the United Nations' Sustainable Development Goals but instead of dealing with issues such as hunger, climate change, access to clean water and gender equality; they deal with well-known financial services problem areas such as conflicts of interest, the “profits before principles” mindset, the need for better governance and the desperate need for greater transparency.

 

The development of the Finance Development Goals (FDGs) is bringing together a wide cross-section of stakeholders, right around the world, including politicians, policymakers, financial regulators, financial trade bodies and professional associations; plus, many commercial organisations, leading academics and think tanks etc. 

 

There will be presentations from individuals with interesting insights and experiences to share; plus, a panel session and ample scope for discussion and debate so that all attendees will be able to share their views and ideas.

 

You can expect the meeting to function as a highly interactive and highly engaging workshop, where everybody gets the opportunity to participate as much as they would like to.

 

We know that using that approach we will be able to harness the camaraderie, collegiality and willingness to collaborate that the project is already cultivating, right around the world. 

 

In essence, this is a rare and perhaps even unique opportunity to become “part of the solution” so will be particularly appealing to people that want to help make a difference. 

Here's the programme, so far*

 

09:00 

Registration, refreshments and networking

 

09:30

Welcome to the symposium by

Mark Turner, Managing Director, Compliance & Regulatory Consulting, Duff & Phelps; former senior risk consultant within the Risk Specialist Division at the Prudential Regulation Authority; former valuation and controls specialist at the Financial Services Authority; Ambassador of the Transparency Task Force

https://www.linkedin.com/in/mark-turner-84a1a932/

 

...and Andy Agathangelou, Founder, Transparency Task Force; Governor at the Pensions Policy Institute; Chair, The Interoperability Steering Group

https://www.linkedin.com/in/andy-agathangelou-02953113/

 

09:40

Presentation by

Martin Rich, Co-Founder, Future-Fit Foundation; former Director at Social Finance; former structured debt and derivative products specialist at JP Morgan, HSBC and UBS; pro bono supporter of Access Foundation, Social Investment Business, Panahpur Foundation, Christian Aid; former member of the Asset Allocation Working Group for the G7 Social Investment Task Force;Ambassador of the Transparency Task Force

https://www.linkedin.com/in/martin-rich/

 

10:00

Presentation by

Andy Agathangelou, Founder, Transparency Task Force; Governor at the Pensions Policy Institute; Chair, The Interoperability Steering Group

https://www.linkedin.com/in/andy-agathangelou-02953113/

 

11:10

Refreshments and further networking

 

11:40

Presentation by

Richard Emery, Specialist Bank Fraud Consultant; former Marketing Services & Business Planning Manager, ICL Retail Systems; former Senior Analyst, Microfin Systems

https://www.linkedin.com/in/richard-emery-b7329450/

 

11:50

Presentation by

Mark Turner, Managing Director, Compliance & Regulatory Consulting, Duff & Phelps; former senior risk consultant within the Risk Specialist Division at the Prudential Regulation Authority; former valuation and controls specialist at the Financial Services Authority; Ambassador of the Transparency Task Force

https://www.linkedin.com/in/mark-turner-84a1a932/

 

12:10

Presentation by

Julie Ampadu, Director, Association of Professional Compliance Consultants; Director, Chameleon Compliance

https://www.linkedin.com/in/julie-ampadu-82706413/

 

12:30

Presentation by

Roger Miles PhD, FRSA, Research Lead and Facilitator, Board Effectiveness and Risk Governance, BP&E Global; Faculty Lead, UK Finance Academy (Conduct and Culture), UK Finance; Visiting faculty and Research Associate, University of Cambridge, SME and author, Behavioural Risk

https://www.linkedin.com/in/rogermiles/

 

12:50

Presentation of the Transparency Trophy; a special trophy is awarded to a champion of transparency and finance reform at each of our symposia around the world

 

13:00

Lunch and further networking

 

14:00

Presentation by

Robyn Klingler-Vidra PhD, Senior Lecturer in Political Economy, Kings College, London; Competitiveness Consultant and Executive Education Programme Lecturer

https://www.linkedin.com/in/dr-robyn-klingler-vidra/

 

14:20

The Power Panel Part 1, where panellists will have the opportunity to share their thoughts on our primary question:

 

"How can we accelerate the rebuilding of trust and confidence in financial services?"

 

Sital Cheema, Founder, Jaanu Sustainability Investment Consulting; Member, BSI Steering Group on Sustainability; Ambassador of the Transparency Task Force

https://www.linkedin.com/in/sitalcheema/

 

Iain Ashleigh MICA, Director, Compliance Matters UK; former Associate Supervisor, Financial Services Authority; Ambassador of the Transparency Task Force

https://www.linkedin.com/in/ian-ashleigh-mica/

 

James Daley, Managing Director, Fairer Finance; Columnist, Telegraph Media Group; Independent Consumer Representative, Chartered Insurance Institute; former Head of Money Content, Which?,  former Personal Finance Editor & Business Correspondent, The Independent; former Personal Finance Editor, The Sunday Telegraph; Ambassador of the Transparency Task Force

https://www.linkedin.com/in/james-daley-03262515/

 

Dr Christopher Sier, FRSA, UK Treasury Fintech Envoy (England); Chairman Fintech North; Professor of Financial Technology, University of Leeds; Professor of Practice, Newcastle University Business School; Chairman, Clearglass
 
14:40

Presentation by

Kevin Hollinrake, Member of Parliament for Thirsk and Malton

https://www.linkedin.com/in/kevin-hollinrake-062b9613/

 

15:00

The Power Panel Part 2, where panellists will continue to have the opportunity to share their thoughts on our primary question:

 

"How can we accelerate the rebuilding of trust and confidence in financial services?"

 

…morphing into The Open Debate; where all attendees, panellists and speakers will have the opportunity to freely discuss the key issues raised through the course of the symposium.

 

15:25

Key conclusions and close to the formal proceedings

Andy Agathangelou, Founder, Transparency Task Force; Governor at the Pensions Policy Institute; Chair, The Interoperability Steering Group

https://www.linkedin.com/in/andy-agathangelou-02953113/

 

15:30

Refreshments and further networking

 

16:00

Final close

*The programme will continuously evolve so is subject to change

For more detail about the project...

 

Click on the button below to get to a web page dedicated to providing a full and detailed explanation of the project:

Places are limited; to secure yours:

 

Click on the button below to secure your place and note that there are 3 ticket options: Standard, Discounted and Complimentary.

 

You can pay through credit card or invoice. 

 

Thank you!

Further information about the TTF

You can click on the button below to read about the 130+ Transparency Task Force Ambassadors. The list includes world class academics and highly respected thought leaders from right around the world. 

You can click on the button below to read about the Transparency Task Force Advisory Board, which is Chaired by the former Chair of the Financial Conduct Authority's Financial Services Consumer Panel.

Bios of key participants

provided thus far*

Andy Agathangelou FRSA,

Founder, 

Transparency Task Force

 

Andy will be Chairing the Symposium. His overall objective is to galvanise support for the idea that greater transparency in financial services can drive positive, transformational change for the benefit of all.

 

Andy formed the Transparency Task Force following a meeting he led at Senate House, University of London on 6th May 2015. The meeting was the about the trust deficit that is impacting financial services and how harnessing the transformational power of transparency can drive the change that is needed.

 

That meeting set off a chain of events that led directly to the creation of the collaborative, campaigning community that is the Transparency Task Force.

 

Our activity is is built on the idea that 'Sunlight is the Best Disinfectant' and our guiding "North Star" question is "what is best for the consumer?"

 

The mission of the Transparency Task Force is

 

"To help protect consumers' financial interests by reforming the financial services industry around the world, through harnessing the transformational power of transprency"

 

We have many Special Interest Groups made up of subject-matter experts working collaboratively:

https://www.transparencytaskforce.org/teams-of-volunteers/

 

We are building a global network of Ambassadors:

https://www.transparencytaskforce.org/ttf-ambassadors/

 

We are working hard to rebuild trust and confidence in financial services through creating a Framework for Finance Reform built on the Finance Development Goals:

https://www.transparencytaskforce.org/rebuilding-trust-confidence-in-financial-services/

 

We have a highly credible Advisory Board:

https://www.transparencytaskforce.org/about-1/advisory-board/

 

Andy is also:

  • Chair, the Interoperability Steering Group
  • Governor, Pensions Policy Institute
  • Fellow, the RSA
  • Former Chair, Pensions BIB
  • Former Founding Chair, Friends of Auto Enrolment
  • Former Founding Chair, Friends of the Association of Member Nominated Trustees

Dr Robyn Klingler-Vidra,

Senior Lecturer in Polotical Economy,

King's College London

 

Dr Robyn Klingler-Vidra is Senior Lecturer in Political Economy at King's College London, where her research focuses on social impact measurement and government support for entrepreneurship, innovation and venture capital.

 

She is the author of The Venture Capital State: The Silicon Valley Model in East Asia

Martin Rich,

Co-Founder & Executive Director,

Future-Fit Foundation

 

Martin Rich is a sustainability and impact investment specialist, with over 20 years’ experience in both mainstream and social investment.

Martin co-founded Future-Fit Foundation 5 years ago with a vision of helping create a society which is environmentally restorative, socially just and economically inclusive. The foundation’s free-to-use tools enable businesses to take practical steps towards – and ultimately beyond – the SDGs, and empower investors to understand the total impact of their portfolios and thus direct capital accordingly.

Martin previously spent 7 years as Sales Director at Social Finance Ltd, where he focused on developing the investor base for social impact investments, including the first Social Impact Bonds. Before that he worked for 13 years in international investment banking on structured debt and derivative products for JP Morgan, HSBC and UBS.

Martin has a passion for sustainable development and poverty relief, focusing his pro bono efforts in both the UK and internationally with Access Foundation, Social Investment Business, Panahpur Foundation, and Christian Aid. He is also a former member of the Asset Allocation Working Group for the G7 Social Investment Task Force.

 

Slides used at 5th November symposium
TS London November 5th 2019 PDF.pdf
Adobe Acrobat document [7.6 MB]

The Great Divide

You can read the speech by  Andrew G. Haldane, FAcSS (the Bank of England's Chief Economist and Executive Director of Monetary Analysis and Statistics) that he gave on 18th May 2016 at the New City Agenda Annual dinner.

 

The speech is entitled The Great Divide and it is a first class explanation of why the trust deficit really matters and why it makes sense to try to do something about it.

 

Please click on the green button to access it; if you're not convinced of its relevance to our initiative, here's part of it:

 

..."The most important and compelling message the Bank received at the Open Forum came in the first session. The Bank had conducted some polling of perceptions of the financial sector – for example, by asking people what one word best described the future of financial markets. Among the Bank’s usual contacts, including those in the financial sector, the most used word was “regulated”. Many of us will have heard that message from financial insiders concerned about the perils of over-zealous regulators.

 

For me, the more revealing responses came from the general public, from the customers, rather than the producers, of financial services. The word most used by them when describing financial markets was a rather different one: it was “corrupt”. Not far behind were words like “manipulated”, “self-serving”, “destructive” and “greedy”. I am sure many of you have heard those messages too. They are certainly ones I have encountered frequently on my visits around the country."...

 

Please click the green button  below to access the full speech. If you need to read another piece first, here it is:

 

..."At least until recently many economists like me, when faced with this evidence, might have shrugged our shoulders. Social capital had no real role in our models of economic growth, unlike physical capital and human capital. Trust did not butter our parsnips and nor did it enter our production functions.

 

Recently, however, that orthodoxy has changed and the importance of trust has become clearer.

 

Evidence has emerged, both micro and macro, to suggest trust may play a crucial role in value creation. At the micro level, there is now ample evidence the degree of trust or social capital within a company contributes positively to its value creation capacity. 

 

At the macro level, there is now a strong body of evidence, looking across a large range of countries and over long periods of time, that high levels of trust and co-operation are associated with higher economic growth.

 

Put differently, a lack of trust jeopardises one of finance’s key societal functions – higher growth.

 

Those social capital effects appear to be particularly potent when it comes to financial decisions. Evidence suggests that a lack of trust leads people to retreat from the stock market and banks and to move towards cash holdings and informal sources of credit, such as payday lenders and loan sharks. That jeopardises the second key benefit of finance to society – improved risk-sharing by households and companies.

 

So a lack of trust in finance potentially hobbles both economic growth and financial stability.

 

That lack of trust is the mirror-image of the perception gap between the financial sector and wider society, the Great Divide.

 

The Great Divide matters because it signals a pronounced and protracted erosion of social capital. It puts finance on notice for losing its social licence. And, unaddressed, that jeopardises future wealth and well-being."...

 

Please click on the green button to access the full speech. If you're not yet convinced you should, here's a final snippet:

 

..." As a survey in 2013 of financial professionals found, rather remarkably, that over half believed their competitors engaged in illegal or unethical behaviour.  A smaller, but still high, fraction of 24% believed their own company engaged in such practices. Similar percentages believed their industry did not fulfil its fiduciary function of putting clients’ interests first.

The significance of these findings is not the precise percentages, as striking as these are.

 

More fundamentally, it is because of what they reveal about finance’s perception of itself, the mirror it holds to the social identity of finance."...

 

Click onto the button below to access the full speech; you'll be glad you did, it's profoundly thought-provoking for anybody interested in the future of the financial services industry:

If you are not already on the right page and want to read about our major international project to help rebuild trustworthiness and confidence in financial services, click on the orange button below:

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