Podcasts about Financial Services Authority

21st Jan: Blockchain DXB Podcast

As COP29 begins, the ripple effects of the re-election of Donald Trump are reaching the shores of the Caspian Sea.  COP28 welcomed 85,000 delegates, within which a significant contingent of Oil lobbyists. COP29 is supposed to be the “Finance COP”, whatever that means, but all major head of states will not participate.What to expect from COP29?   Are COP still useful? Is it the correct format? Who is really committed and who is just paying lip service to fighting Climate Change?  Those questions and more with Lord Turner, chair of the Energy Transitions Commission (ETC) a global coalition of companies committed to achieving a net zero global economy by 2050. Lord Turner is a leading British businessman and academic, former Chairman of the Financial Services Authority (2008-13). From 2008-2012 Lord Turner was the first chair of the UK's Climate Change Committee.

Hear from Lord Adair Turner, Chair of the Energy Transitions Commission, as we explore the shortcomings of nationally determined contributions and how they might be improved. Nationally determined contributions, or NDCs, are a bit like transition plans for countries, in that they set out what a country plans to do in order to meet the ambitions of the Paris Agreement. However, NDCs are voluntary, and collectively they don't currently have us on track to limit global warming to less than 2 degrees, let alone the more ambitious target of 1.5 degrees. Today's guest believes that this is a problem, as NDCs are failing to provide a clear direction for action. The less clarity there is about policy direction and ambition, the less likely markets will respond to policy signals to deliver the investment required for the transition. That's why in this episode, we examine: What are the shortcomings in countries' NDCs and how they can be addressed? Why NDCs don't currently reflect the rapid technological progress that is already being made across sectors; and How geopolitics is influencing the transition and the challenges facing climate finance. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com   Links from today's discussion: Energy Transitions Commission: https://www.energy-transitions.org/ Credible Contributions: Bolder Plans for Higher Climate Ambition in the Next Round of NDCs: https://www.energy-transitions.org/publications/credible-contributions-bolder-plans-for-ndcs/ Mission Possible: Reaching net-zero carbon emissions from harder-to-abate sectors: https://www.energy-transitions.org/publications/mission-possible/ Climate Change Committee: https://www.theccc.org.uk/ Just Capital: The Liberal Economy: https://www.goodreads.com/book/show/5859117-just-capital The Economics of Climate Change: The Stern Review: https://www.lse.ac.uk/granthaminstitute/publication/the-economics-of-climate-change-the-stern-review/ Finance for climate action: scaling up investment for climate and development: https://www.lse.ac.uk/granthaminstitute/publication/finance-for-climate-action-scaling-up-investment-for-climate-and-development/   Speaker's Bio(s) Lord Adair Turner, Chair, Energy Transitions Commission Lord Turner chairs the Energy Transitions Commission, a global coalition of major power and industrial companies, investors, environmental NGOs and experts working out achievable pathways to limit global warming to well below 2˚C while stimulating economic development and social progress. Lord Turner has chaired several high-profile organizations, including at the Institute for New Economic Thinking, the UK's Financial Services Authority, the Climate Change Committee, the Pensions Commission and the Low Pay Commission. He was also Director General of the Confederation of British Industry. He became a crossbench member of the House of Lords in 2006. He is also a Trustee Emeritus of the British Museum, honorary fellow of The Royal Society, and received an Honorary Degree from Cambridge University in 2017.

“There are 18 common types of background checks employers use to verify a new hire. The checks can include: Criminal history Past employment verification Education verification Reference check Drug screening Sexual offenses check Credit background check Social media behavior check Driving record Professional license and certifications check Social security number trace/identity check Global sanctions check Civil offenses check Bankruptcy check Financial regulations check Psychometric tests International background check Gamer profile check Each check is briefly explained along with its purpose and how it helps employers make informed hiring decisions.[1] A background check is a process a person or company uses to verify that an individual is who they claim to be, and this provides an opportunity to check and confirm the validity of someone's criminal record, education, employment history, and other activities from their past. The frequency, purpose, and legitimacy of background checks vary among countries, industries, and individuals. An employment background check typically takes place when someone applies for a job, but it can also happen at any time the employer deems necessary. A variety of methods are used to complete these checks including comprehensive database search and personal references. Regulation edit [18] The Financial Services Authority states in their Training & Competence guidance that regulated firms should have: Adequacy of procedures for taking into account knowledge and skills of potential recruits for the role Adequacy of procedures for obtaining sufficient information about previous activities and training Adequacy of procedures for ensuring that individuals have passed appropriate exams or have appropriate exemptions Adequacy of procedures for assessing competence of individuals for sales roles The Financial Services Authority's statutory objectives: Protecting consumers Maintaining market confidence Promoting public awareness Reducing financial crime. Restriction and laws on Background Check Arrest and conviction records: Title VII of the Civil Rights Act of 1964; Cal. Lab. Code § 432.7; Cal. Lab. Code § 432.8; Cal. Pen. Code § 290.46(k)(2); 775 ILCS 5/2-103; Job Opportunities for Qualified Applicants Act, 820 ILCS 75/15; N.Y. Correct. Law § 752; N.Y. Exec. Law § 296 (15), (16); 18 Pa.C.S. § 9125 Credit/financial checks: Consumer Credit Reporting Agencies Act, Cal. Civ. Code § 1785.13; Cal. Lab. Code § 1024.5; 820 ILCS 70/10 Health checks/medical screening: Americans with Disabilities Act, 42 U.S.C. § 12101, et seq.; Genetic Information Nondiscrimination Act, 42 U.S.C. § 2000ff, et seq.; Cal. Lab. Code § 132a Social media: Cal. Lab. Code § 980; 820 ILCS 55/10(a) Record disposal: 16 CFR Part 682 Record keeping: 29 CFR Part 160 Records/information obtained from consumer reporting agencies, including but not limited to education and employment records, credit and financial records, and social media: Fair Credit Reporting Act, 15 U.S.C. § 1681, et seq.; Consumer Credit Reporting Agencies Act, Cal. Civ. Code § 1785.13(a)(6); Investigative Consumer Reporting Agencies Act, Cal. Civ. Code § 1786.18(a)(7); Cal. Civ. Code § 1786.53 Political affiliation: D.C. Code § 2–1402.11; Wis. Stat. Ann. § 111.321 Polygraph tests: Employee Polygraph Protection Act, 29 U.S.C. §§ 2002, 2006; Cal. Lab. Code § 432.2; 225 ILCS 430/14.1; N.Y. Lab. Law §§ 733–739; 18 Pa.C.S. § 7321. Many employers choose to search the most common records such as criminal records, driving records, and education verification. Other searches such as sex offender registry, credential verification, skills assessment, reference checks, credit reports and Patriot Act searches are becoming increasingly common.[22] Many commercial sites will offer specific searches to employers for a fee. Services like these will actually perform the checks, supply the company with adverse action letters, and ensure compliance throughout the process.” -Wikipedia. --- Support this podcast: https://podcasters.spotify.com/pod/show/antonio-myers4/support

The Financial Services Authority is a body whose influence we only tend to come across when we're trying to open a bank account and having to prove in triplicate who we are. The FSA has, though, a significant influence on the financial services sector which generates over a third of our economic output so we probably do need to know a bit more about them. The FSA talks in its recent report of a need for change so what's driving that change and how will this FSA shape the future of the Manx finance industry? Money makes the world go round but only if it can prove who it is and where it lives!

As China's Belt & Road Initiative marks it's tenth anniversary, in this episode of The Agenda podcast Juliet Mann explores the impact it's having on the world's energy consumption.She talks to Lord Adair Turner, the former head of the CBI and ex-Chair of the UK's Financial Services Authority.But his current role is chair of the Energy Transitions Commission - and here he tells The Agenda just how important the BRI is to a greener energy future.

Is an over reliance on analytical and logical thinking stifling innovation in insurance? How can we help clients become more emotionally invested in the insurance they purchase, and why should we? Welcome to the 100th episode of the Insurance Broker Podcast, and the first to be recorded live! This week, we are celebrating this milestone by tackling some big questions with three titans of the industry – Sam White, Peter Blanc, and Steve White! In conversation with Boston Tullis' Sarah Myerscough, they discuss the dichotomy of ‘left brain' (analytical, logical) and ‘right brain' (creative, emotional) thinking. Bemoaning the industry's general reliance on the former, they highlight the need for emotionally driven engagement with customer needs for insurers and brokers alike to truly innovate. Touching on all the major problems facing the industry today, including new regulatory pressures, the cost-of-living crisis, and recruitment difficulties, each of the guests emphasise how tapping into emotionally driven thinking can provide an alternative perspective from which to understand and tackle these issues. Quote of the Episode “Fundamentally, people don't care about insurance. And that's our fault. If we can't get people emotionally invested in what we're doing, then they do just think, [‘I'll buy] whatever is cheaper'… Somebody will buy a life insurance policy online, just as a kind of, ‘I'd better grab that'. We need to learn how to evolve the product so that we can really get people to understand what they're buying in a digital world, as well as face to face.” For many people not well-versed in industry jargon and technicalities, an insurance policy is often considered an grudge purchase. Despite the fact that policies are taken to protect their lives and livelihoods if disaster were to strike, there is often an emotional disconnect between the purchasing of a life insurance policy, for example, and an in-depth consideration of the reasons why one needs it. This is becoming increasingly challenging due to the digitisation of the insurance market, by which face-to-face discussions between clients and insurers are becoming eclipsed by the ease of doing it all online. Sam White argues that the insurance industry as a whole needs to improve its external communication in this regard, in order to crystallise in a prospective client's mind, the potential consequences of taking out a lacking insurance policy, be it for their business, their car, or their life. Key Takeaways Increasing the educative role of insurers and brokers could be instrumental to curbing the public's general disinterest in their insurance policies, and indeed, to reorienting the industry's reputation in their minds. Communicating with customers on an emotional, rather than purely statistical level could be hugely beneficial to broadening the general understanding of what insurance is and why people need it, which people are often falsely assumed to automatically understand upon becoming adults despite being minimally, if at all, addressed during school education. Additionally, a greater emphasis on the emotional, human element of insurance could help with the industry's floundering recruitment efforts. Sam White suggests that emphasising the practicalities of insurance will quickly lose the interest of potential candidates. Alternatively, highlighting the ideology of insurance may be a great way to capture and retain their interest. Peter Blanc asserts that there should be a moral overlay upon everything we do in insurance, which should assist in the navigation of when to deploy ‘left brain' or ‘right brain' thinking. As a result of the cost-of-living crisis, many people are looking to cut expenses wherever they can. In attending to this crisis, there needs to be a balance in both logical and emotional thought. There needs to be a balance in attending to this crisis. A customer's primary concern may be cost, and using right brain/emotional thinking we may be driven to provide them with a cheaper policy. However, we must also use logical thinking – what will ultimately save the client money long term? If they need to make a claim, will this cheaper policy actually provide the help they need? Peter suggests that ‘we should fundamentally be providing products that enable people to go about their lives without undue risks'.   Best Moments/Key Quotes “People work for organisations that they want to work for, and that they enjoy being part of. Our job as leaders, I think, has changed enormously over the last few years. It's all about creating an environment where people want to work for us. Employers had the power 10 years ago. I'd say employees have the power now. And that's a much nicer place to be.”   “It's a problem that we haven't quite managed to deal with yet, actually how to communicate to customers in a way that they want to be communicated with. We still just inundate customers with utter nonsense: the renewal invites, the PDF documents with 80 pages that no one is ever going to read. And that's our standard mode of communication with customers, which I think is appalling and needs to change.”   “The big change will be that I think the regulator will expect us to deliver products that are going to work… We have to be talking to our customers truly understand what they need, and then make sure we're doing our job, so that when something does go wrong, they are looked after.”   Resources The BIBA Pod: https://thebibaconference.org.uk/feed/podcast/ BIBA - BIBA Homepage - British Insurance Brokers' Association Howden Group - Howden Broking Group - Global Website (howdengroup.com) Stella Insurance AU - Stella Insurance - Insurance Provider for women in Australia Stella Insurance UK - Home - Stella Insurance (withstella.co.uk) Human Business with Sam White: https://www.spreaker.com/show/human-business   About the Guest Sam White is the Founder and CEO of Stella Insurance, which launched in Australia in 2020 and launched in the UK in November 2022. A pioneer in the insurance industry, Sam is also host of the Human Business Podcast. Sam's LinkedIn Profile: https://www.linkedin.com/in/sam-white-093b9b22/   Steve White is the CEO of the British Insurance Brokers Association (BIBA), with an extensive career in the insurance industry. He previously worked for Norwich Union, followed by a 21-year stint at Orion Insurance Company, a few years with the General Insurance Standards Council, and subsequently, the Financial Services Authority. Steve's LinkedIn Profile: https://uk.linkedin.com/in/steve-white-437107a   Peter Blanc is the Exec Chair for Howden UK and Ireland, and the CEO of Aston Lark. He founded Aston Lark by merging Aston Scott Group with Lark Group in 2017. The business has completed 56 acquisitions since then, and Peter subsequently sold the business to Howden. Aston Lark now leads the M&A drive for Howden. Peter's LinkedIn Profile: https://www.linkedin.com/in/peter-blanc-0402961a/   About the Host Sarah Myerscough is the Sales and Marketing Director of Boston Tullis Group. The founder of The Insurance Brokers Podcast, she brings a wealth of experience and a fresh perspective on communication in the insurance sector. Boston Tullis works with insurance professionals to build effective communication both internally and externally through podcasting, event reporting, videography, and internal communications facilitation. Website: https://bostontullis.co.uk/ Evaluation Link: https://s.bostontullis.co.uk/s/podcastevaluation      

Adair Turner, Baron Turner of Ecchinswell, is Chair of the Energy Transitions Commission, a global coalition of major companies, investors and experts identifying pathways to limit global warming to well below 2˚C by 2040.From 2008-2013, Lord Turner chaired the UK's Financial Services Authority. He was Director General of the Confederation of British Industry (1995-2000); Chairman of the UK Pensions Commission (2003-2006); and was the first Chairman of the UK Climate Change Committee (2008-2012). From 1982-1995 Lord Turner worked at McKinsey, and was Vice-Chairman of Merrill Lynch Europe from 2000-2006.Lord Turner authored Between Debt and the Devil (Princeton: 2015), and Economics after the Crisis (MIT: 2012). He became a cross-bench member of the House of Lords in 2006, and holds a degree in History and Economics from the University of Cambridge.The Energy Transition Commissionhttps://www.energy-transitions.org/Download the Commission's latest report, Degree of Urgency: Accelerating Actions to Keep 1.5°C on the TableDegree of Urgency: Accelerating Actions to Keep 1.5°C on the Table

Hear from members of the UK's Climate Financial Risk Forum, as we dive into their brand-new publications on climate litigation and physical risk. Part 1 | Litigation Risk Underwriting Guide | 00:00:00–00:15:54 Part 2 | Physical Risk Underwriting Guide | 00:15.54–00:36:13 The Climate Financial Risk Forum (CFRF) was set up in 2019 by the UK's Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), to build capacity and share best practice across industry and the regulators to advance the sector's responses to the financial risks from climate change. In this special episode, we discuss the CFRF's Litigation Risk and Physical Risk Underwriting Guides, which are available from 9 December 2022. The guides focus on risks that are particularly pertinent to the insurance industry, but are highly relevant to many financial firms. The guests were all heavily involved in producing these publications, so they'll be sharing their thoughts and insights as a compliment to the papers themselves. For the litigation portion of this episode, we will discuss: Why climate litigation risk deserves special attention from insurers; How financial firms are reacting to the fast-changing litigation landscape; and Key recommendations for financial institutions trying to understand their exposure to this risk. And for the physical risk portion, we will discuss: The distribution of physical risks globally relative to the distribution of global insurance; The challenges of modelling complex hazards from climate change; and The capabilities that financial firms can build and the strategies they can adopt to deal with highly uncertain risks. Links from today's discussion: CFRF's Litigation Risk Underwriting Guide CFRF's Physical Risk Underwriting Guide Other CFRF 2022 publications Results of the 2021 Climate Biennial Exploratory Scenario (CBES) Nigel's previous appearances on the Climate Risk Podcast and the Climate Risk Webcast Grantham Institute's 2022 Global Climate Change Litigation Snapshot Geneva Association's 2021 Global Report on Climate Litigation UN's Net-Zero Insurance Alliance (NZIA) homepage Speaker's Bios Nigel Brook, Partner, Clyde & Co. Nigel has been a partner at Clyde & Co since 1985 and heads the firm's reinsurance team. An international insurance and reinsurance disputes specialist with over 30 years' experience, Nigel is considered by many to be one of the top insurance lawyers worldwide. He leads Clyde & Co's global campaign on Resilience and Climate Change Risk, building a body of know-how and raising awareness of climate-related legal duties and potential liabilities. He is a member of the Law, Regulation and Resilience Policies Working Group of the Insurance Development Forum – a public/private partnership seeking to optimise and extend the use of insurance and the industry's risk management capabilities to protect those most vulnerable to disasters. He co-authored the firm's 2018 Reports on Parametric Insurance and Inclusive Insurance – exploring the role of innovative risk transfer in closing the global protection gap – and has authored and edited Clyde & Co's 2018/19 series of reports on the rising tide of Climate Change liability and duties of care. Paul Barrett, Chief Risk Officer, AIG UK Paul is Chief Risk Officer for AIG UK. He is also the designated ‘Senior Manager' for Climate Change Risk. Paul reports jointly to the Board of AIG UK and Fabrice Brossart, CRO, GI International. Paul's team is responsible for the Risk Governance, ORSA, Stress Testing, Risk Register, Risk Appetite & Limits and Operational Risk processes. Paul also works closely with the Group in helping to develop AIG's Climate Strategy. Previously Paul was Assistant Director, Solvency II at the Association of British Insurers (ABI). Prior to that Paul worked in Policy at the Financial Services Authority. Shane Latchman, VP and Managing Director, Verisk As a vice president and the managing director of Verisk's Extreme Event Solutions team in London, Shane Latchman is involved in many of Verisk's extreme event models and Touchstone initiatives, such as the integration of third-party data and models, expanding Verisk's capabilities in marine and energy, climate change quantification, and the Next Generation Financial Module. He interacts frequently with rating agencies and regulators on topics such as stress tests, climate change, and the Solvency II directive on EU insurance regulation.  Shane joined Verisk after receiving his master's degree in 2008. Shane sits on and collaborates with various industry working groups, committees, and boards, including Bank of England, Open Data Standards, Insurance Development Forum, and Cass Business School. He writes and speaks frequently on topics related to catastrophe risk and climate change. Joss Matthewman, Senior Director of Climate Change Product Management & Strategy, RMS Joss rejoined RMS in 2020 as Senior Director of Climate Change Product Management. Prior to this Joss was Head of Catastrophe Exposure Management at Hiscox, responsible for natural catastrophe, war, terror and political violence exposure management and reporting across the group.  Before joining Hiscox, Joss spent seven years in model development at RMS where he worked on the North Atlantic Hurricane and Asia Typhoon models, before being appointed Head of Storm Surge Modelling. During this period Joss joined the PRA working group on climate change which he continues to engage with today. Prior to entering the insurance industry Joss obtained a PhD in Applied Mathematics from UCL and worked as a postdoctoral researcher in climate science at the University of California, Irvine. His published areas of research include stratospheric sudden warmings, and the impact of sea-ice on global atmospheric teleconnections.

How long can human beings live? Will it become increasingly normal for one to live up to 100 years? What impact will aging have in our societies? To answer these questions, Pedro Pinto interviews Andrew J. Scott in this episode of “It's Not That Simple”, a podcast by the Francisco Manuel dos Santos Foundation. An expert on longevity and aging society, Andrew J. Scott is Professor of Economics at London Business School, having previously held positions at Oxford University, the London School of Economics and Harvard University. He was Managing Editor for the Royal Economic Society's Economic Journal and Non-Executive Director for the UK's Financial Services Authority (2009-2013). He is currently on the advisory board of the UK's Office for Budget Responsibility, the Cabinet Office Honours Committee (Science and Technology), co-founder of The Longevity Forum, a member of the WEF council on Healthy Ageing and Longevity and a consulting scholar at Stanford University's Center on Longevity. Scott is also the recipient of an ESRC grant for researching the economic longevity dividend. In this episode, Scott discusses how we have been able to increase our life expectancy so much in the last few decades. He considers how living longer is “a good thing”, but also the challenges it nevertheless poses. He addresses how governments and companies can deal with some of these challenges. Finally, Scott examines how in order to change the way people age and improve their quality of life at an older age, we must change and improve the way we live when they're younger, in a conversation well worth listening to. More on this topic • The 100-Year Life: Living and Working in an Age of Longevity, Andrew J. Scott and Linda Gratton, 2016 • The New Long Life: A Framework for Flourishing in a Changing World, Andrew J. Scott and Linda Gratton, 2016 • Andrew J. Scott on living a 100 year life • Andrew J. Scott on “The Economics of a Longevity Dividend” • Andrew J. Scott on how to prepare for a longer life • Andrew J. Scott's blog Other references in Portuguese • Essay of the Foundation “O Envelhecimento da Sociedade Portuguesa” by Maria João Valente Rosa • Essay of the Foundation “Envelhecimento e políticas de saúde”, by Teresa Rodrigues • “Dinâmicas demográficas e envelhecimento”, a study by Mário Leston Bandeira for the Francisco Manuel dos Santos Foundation • “Processos de Envelhecimento em Portugal”, a study by Manuel Villaverde Cabral for the Francisco Manuel dos Santos Foundation • “Envelhecimento Activo em Portugal”, a study by Manuel Villaverde Cabral and Pedro Moura Ferreira for the Francisco Manuel dos Santos Foundation • “Genética, stress crónico e envelhecimento”, a conference held by the Francisco Manuel dos Santos Foundation

What can Rishi Sunak learn from former chancellors? We speak to Sir Howard Davies, a British economist, the first chairman of the Financial Services Authority and now the chairman of the Natwest Group. Carole speaks to him about his book.PLUS Columnists Hugo Rifkind and Angela Epstein on apocalypse fatigue and dogs. See acast.com/privacy for privacy and opt-out information.

Ch1: Law enforcement officials described in chilling detail Thursday the time it took for tactical officers to finally gun down an 18-year-old attacker after he shot and killed 19 students and two teachers inside a fourth-grade classroom in small-town Texas. Guest: Reggie Cecchini, Global Washington Correspondent. Ch2: The regulator for British Columbia's real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. Guest:  Blair Morrison, CEO of the B.C. Financial Services Authority. Ch3: Metro Vancouver's transportation authority says its recovery of ridership that plummeted during the pandemic has been stronger than many other North American transit networks, but still hasn't rebounded entirely. Guest: Jonathan Cote, Chair of the TransLink Mayors' Council and a member of the TransLink Board. Ch4: A group representing most of the world's airlines is calling on the Canadian government to drop the remaining travel rules related to COVID-19 in a bid to reduce the delays people face at some airports. Guest: Peter Cerda, IATA's regional vice-president for the Americas. See omnystudio.com/listener for privacy information.

Contrary to political group think it was actually access private debt not public debt that brought the economy crashing down. But today private debt is again raging and nobody seems to want to address the issue. On the latest episode of Renegade Inc, co-founder and presenter, Ross Ashcroft sits down with anthropologist and writer, David Graeber and former chairman of the now abolished Financial Services Authority, Lord Turner to discuss what is preventing us from talking about the taboo that is Britain's private debt problem. - Broadcast September 2017 - Read & Watch: https://renegadeinc.com/britains-private-debt-problem/

In this third episode Ben is joined by Katie Power.  Katie has had a super interesting career journey.  She has done what many lawyers, particularly in-house lawyers, aspire to.  She has been the consultant General Counsel to various exciting startups, some of them household names. And her portfolio career includes not only being a general counsel for those companies, but also pursuing her own interests such as being a pilates teacher. She originally trained at Norton Rose Fulbright after which she worked as a lawyer at the Financial Services Authority and later as an Associate at Addlesaw Goddard. Katie then took a break from law altogether to become a pilates instructor for a few years before she moved to a portfolio career as an in-house lawyer.  Katie works flexibly to ensure she's outdoors as much as possible and she teaches pilates whenever she can. 

On this episode of Contraelite, we interview financial whistleblower and co-author of espionage thriller book "KGB Banker", John Christmas. John Christmas was the former head of international relations of Parex Bank in the early 2000s; according to EU Today and information on Wikipedia, "Christmas listened horrified as senior employees at the bank told him of the frauds at Parex as if laundering money were as normal as taking out a mortgage. He began emailing and faxing details of the bank's wrongdoing to auditors, creditors and rating agencies and was forced out of his job in 2004. Christmas left Latvia in 2005 due to concerns for his safety and would later be told by a Parex employee that the bank was hunting him down. The threat to John's safety was due to the bank's links to organised crime and Russian intelligence". He blew the whistle by informing the Financial Services Authority in London about a massive money laundering network involving shell companies, but the Financial Authority took no action. This year, he co-authored the international thriller fiction book "KGB Banker", which was just released in September 2021. Get all the latest on KGB Banker at https://www.facebook.com/KGBBanker/ Keep up with John at https://www.facebook.com/john.christmas.35 Follow us @Contraelite1 on Twitter and Instagram http://anchor.fm/contraelite Our breaks music is "Draco" by Yung Kartz (https://www.yungkartzbeats.com/) More about our guest & related reading : The Insider who Revealed the Russian Money Nexus in Latvia: https://bylinetimes.com/2019/09/05/the-insider-who-revealed-the-russian-money-nexus-in-latvia/ The Ghosts of Christmas Past: https://eutoday.net/news/business-economy/2020/ghosts2 John Christmas' author page on Amazon https://www.amazon.com/Mr.-John-Walter-Christmas/e/B005HBS5EU%3Fref=dbs_a_mng_rwt_scns_share Two countries, two murders that deserve answers: https://theshiftnews.com/2020/08/06/two-countries-two-murders-that-deserve-answers/

Find our more on our website: https://bit.ly/3FrcTvJ Background: In our next newspad review webinar, panellists including Lyn Colloff, Company Secretary at Wincanton, Charlotte Fleck, Associate Director Tax & Legal, Deloitte and Colin Kendon, Partner at Bird & Bird will discuss the burning issues in employee share ownership, picked from the September, October and November editions of “It's Our Business - newspad of the Esop Centre" . Global Shares' Darren Smith will chair the discussion on topics such as concern over claims that the Employee Ownership Trust is being promoted as a tax avoidance vehicle, and asking whether private equity is killing off UK share schemes. Panellists: Lyn Colloff was appointed Company Secretary at Wincanton in April 2020. Her previous post as Company Secretary at Cobham plc for over 10 years gave her a wealth of experience. Lyn is a qualified Chartered Secretary and worked exclusively in the Financial Services sector before joining Cobham from the Financial Services Authority (now the Financial Conduct Authority), where she also performed the role of Deputy Company Secretary. Lyn sits on the Forum of the ICSA and the Governance Institute and completed an MBA at Aston University in 2004. Colin Kendon is an incentives lawyer and Partner who heads the Employee Incentives & Benefits Group at Bird & Bird. He advises a wide range of clients from start-ups to multi-nationals on incentives issues and on the incentives aspects of corporate transactions, including valuations, tax, company law, employment law, accounting, financial services regulation, investor guidelines and market practice, to name just a few. He deals constantly with founders and key members of management teams - getting incentives right is at the heart of most businesses. Colin has been at Bird & Bird since 2006 and has specialised in incentives since 1990. He wrote the incentives section of 'Internet Business, Commerce And Tax' in 2012 and speaks at numerous conferences and seminars. He became head of the incentives team in 2008 and has been ranked in the directories ever since. Charlotte Fleck is an Associate Director at Deloitte. She advises on share plans and employee incentives from a tax and legal perspective and has experience with the establishment and operation of both onshore and offshore employees' trusts in a range of contexts, from routine employee share scheme matters to complex negotiations with HMRC. Chairman: Share plans sector stalwart Darren Smith joined the Global Shares team in July 2021. Darren worked with YBS Share Plans for more than 20 years as share plans consultant, client relationship manager and most recently as national sales manager, until it announced that it was pulling out of share scheme administration. Darren is a well-known and regular industry host, speaking on topics including share plans and financial wellbeing, bringing fun and an engaging style to events. Martin Osborne-Shaw, Global Shares' head of UK & EU sales, said: "Darren's drive and enthusiasm for share plans are infectious and he will feel at home at Global Shares. His nationwide reach and track record in this business will be a huge asset in establishing Global Shares as a go-to share plan provider in the UK at a time of great change in the marketplace."

Together, Clair and Bella, discuss Clair's diverse career leading up to her current role as Chief Operating Officer for the Prudential Regulation Authority within the Bank of England, her experience of gender diversity and advice to women interested in a career in finance and technology. Clair Mills is currently, the Chief Operating Officer for the Prudential Regulation Authority (PRA), within the Bank of England. Clair is responsible for the PRA operations, this includes the delivery of the PRA's Operating Strategy, Budget, Internal Communications and Investment Portfolio. Other areas of responsibility include managing Data innovation, Regulatory and Business Change, Workforce planning and Diversity and Inclusion. Clair has over 20 years' expensive financial services experience, operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management Consultancy. Clair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme to transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA. In her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls are in place. Clair is also responsible for driving a demand-led data approach for the PRA, this includes giving keynote speeches both in the UK and internationally on topics such as Regulatory Technology (RegTech) and how regulators can take advantage of the advances in technology in the work we do. Clair is one of the few senior women in Central Banking and Regulation that work in the sphere. Alongside this role, Clair is a trustee for two charitable organisations, the Addington Fund and the Chartered Institute of Securities and Investments, where she also sits on the Audit and Risk Committee. Clair's home is a working farm in rural Devon, which she shares with her husband and son. Her passion since childhood is horses, together with helping out on the farm, this provides a great way to recharge batteries and is a very different challenge. 00:16: What is your background and how did you come to work in your current role? 08:39: Would you say that your current role is more FinTech, RegTech or SupTech oriented? 11:24: Do you think diversity is a problem in the industry anecdotally? 14:37: Has the lack of diversity affected your actions? 16:37: Why is diversity important especially in managerial positions and finance and technology? 19:34: Did you notice this diversity gap in your education or in entering the workforce or was there a time where it became more apparent to you? 21:20: Are there any steps we as a generation can take to minimise the gap? 25:20: How do you see the role of women in fintech evolving over the next few years? 26:26 What steps can younger generations of women interested in STEM take to be more proactive about creating changes? 28:43: What advice would you give to young women int arrested in finance or technology?

Environmental, social governance (ESG) factors and the rapid rise of crypto assets and currencies and blockchain have all become major focal points for supervisors. This is necessitating, in some cases, new regulatory frameworks or adapting existing ones. In this episode, Bryan Stirewalt, the CEO of the Dubai Financial Services Authority (DFSA) shares his insights into how the authority is approaching the regulation of crypto and he also delves into how the global adoption of ESG can be encouraged in a more standardised fashion.Other topics covered include the DFSA's work with international standard setters such as the Basel Committee on Banking Supervision where Mr Stirewalt represents non-Committee members. See acast.com/privacy for privacy and opt-out information.

Advances in science and technology are creating healthier and longer lives. Our guest today has referred to it as a Longevity Dividend. But increased longevity leads to many questions. How can you maintain health and fitness in this era of longevity? How does longevity affect your retirement planning, and how will you grow and protect your non-financial assets? How will you invest your extra years? And how can you experiment with new ways of living and working that are evolving?   Andrew Scott, is the co-author of the new book The New Long Life with Lynda Gratton. In their first book, The 100-Year Life, they laid out the sweeping changes that longer lives are introducing that will lead individuals governments, educational institutions, and corporations to adapt in innovative ways. Their new book is a practical guide on how to navigate and thrive in an era of longer lives. They introduce a new framework for a multi-stage life, encompassing working longer (and differently), ageing well, cultivating good health and meaningful relationships. We discuss with Andrew: How we should be thinking about ageing in this era of longevity How a multi-stage life unfolds How people can create a new map of life - and get better at navigating transitions With lifelong learning becoming more important, what makes for a supportive learning environment The impact that technology and AI will have on longer lives How governments, educational systems and corporations need to change with longer lives How he sees intergenerational relationships evolving in the future What are we learning from COVID-19 that relates to longer lives - and what he's doing differently in the pandemic Andrew joins us from London. ________________________ Bio Andrew J Scott is Professor of Economics, former Deputy Dean at London Business School and Research Fellow at the Centre for Economic Policy Research.  His research focuses on longevity, an ageing society, and fiscal policy and debt management and has been published widely in leading journals. His book with Lynda Gratton, The 100-Year Life, has been published in 15 languages, is an Amazon bestseller and was runner up in the FT/McKinsey Business Book of the Year Award 2016 and Japanese Business Book of the Year Award 2017. His recent 2020 book, The New Long Life, considers how the challenges and opportunities of social and technological ingenuity might shape a new age of longer lives. He was Managing Editor for the Royal Economic Society’s Economic Journal and Non-Executive Director for the UK’s Financial Services Authority 2009-2013. He has been an advisor on policy to a range of governments and government departments. He is currently on the advisory board of the UK’s Office for Budget Responsibility, the Cabinet Office Honours Committee (Science and Technology), co-founder of The Longevity Forum, a member of the UK government’s Longevity Council and the WEF council on Japan and a consulting scholar at Stanford University’s Center on Longevity. With a unique perspective as a global economist, professor, and government advisor, he draws upon a range of disciplines. His ground-breaking work on longevity, economics, and the value and effect technology and longevity combined, will have on the wider society, is shaped by his professional connections to academia, industry, social pioneers and policymakers around the world. Andrew previously held positions at Oxford University, London School of Economics and Harvard University. His MA is from Oxford, his M.Sc. from the London School of Economics and his D.Phil from Oxford University. __________________________ Wise Quotes On the Longevity Dividend "...we discovered to a new degree, that age is malleable. There are things we can do to help how we age, how we exercise, how[ we change] our environment, how we live our life. And that means we're aging differently. Yes, there are more older people,

If you’ve been tuning in, you’ll have noticed that FINTECH is a recurring theme in discussions on the UAE Tech podcast. It’s receiving significant VC investment across the region, often with little fanfare. From physical cash to digital 1’s and 0’s, how we receive, send, invest and spend money is critical to, well, pretty much everything. There are two arguments about the nature of the changes taking place across financial institutions. The first is a ‘cyberutopian’ argument - centralised banks, guys in suits and the old players of the 20th century are fading away. The future is blockchain and crypto powered; it’s more free. You can hear this argument eloquently put by John McAfee in our first episode. It’s a compelling vision of the future which connects back to the original founding ideals of the Internet. If you grew up during the 2008 financial crisis in the West, it might be one you have sympathy with. But is it correct? History suggests that technologies like the abacus, debit and entry accounting systems or the credit arrangements of the Bank of England in 1694 witnessed an upgrading of existing financial networks, rather than parallel economic systems. As the UAE leans into the economy of the future, the epicenter of these conversations are taking place at the Dubai International Finance Center (DIFC), a series of prestigious offices based in downtown Dubai. DIFC is administered by DFSA - the Dubai Financial Services Authority. Today we’re talking with Ken Coghill, Associate Director, Head of Operational and Technology Risk Supervision and Raeef Al Bediwi, Head of Cyber Security. Both are based at the DFSA.

Hi Everyone, We are onto episode 3 of season 2 and this time I have Leo Miles with me. Leo works for Macmillan Cancer Support and spends her time fighting for equality for people that have had or are living with cancer. Leo has been a mortgage adviser, has worked within the Financial Services Authority and is now a charity advocate. My 3 key takeaways, 1. Access to insurance for people with a history of cancer has changed due to coronavirus. 2. It is essential that everyone within the insurance sector adheres to the Equality Act, when considering how they offer products and services to people that have had cancer. 3. Two case studies showing potential terms for life insurance and income protection, for people that have had cancer. Please let us know if you have any thoughts on what we have been discussing. Next time I have Sue Kinsella from http://www.redarc.co.uk/ (RedArc Nurses) joining me. We are going to be talking through a typical day in the life of a RedArc nurse and how they help families through some of the most challenging experiences in their lives.

This week, bosses at the Financial Services Authority were under the spotlight as they gave evidence, in public, to Tynwald's Economic Policy Review Committee. That panel is tasked with scrutinising the work of Cabinet Office, Treasury and the Department for Enterprise, as well as some other organisations - including the FSA. Karen Badgerow and Lillian Boyle – CEO and Chair respectively – spoke about the authority's last year of work to MHKs Chris Robertshaw, Tim Baker and Jason Moorhouse. As a regulator, the FSA is responsible for reducing financial crime in the Isle of Man, among other things. The duo spoke about recent campaigns undertaken, public engagement, complaints guidance, vulnerable client groups, plus, a potential expansion of the Isle of Man Post Office MiCard system into basic banking facilities...

In March 2018, a panel was formed to review the effectiveness of government's current whistleblowing policy, and any relevant legislation. Whistleblowing is the act of drawing public attention, or the attention of a figure in authority, towards perceived wrongdoing, misconduct, or unethical activity within an organisation. Onchan MHK Julie Edge was appointed to chair this committee, joined by MLCs Kerry Sharpe and Jane Poole-Wilson. To begin with, they heard from several representatives from within government - senior figures from the Financial Services Authority, Health Department, HR and Industrial Relations, for example. But, this summer, the committee decided to give members of the public the chance to submit evidence, extending the invite to anyone with any experience of, or views relating to, the Island's whistleblowing process. What followed was a public meeting with a Mr Rob Sutton. He received a record-breaking six-figure payout at a recent employment tribunal, following his dismissal from Creechurch Capital. Mr Sutton had raised concerns about practices at the firm with the Financial Services Authority, and later proved that was the reason he was fired. We listen to what he had to say.

This is the most unique, and the most consequential, show we’ve ever done. If our thousands of listeners all think about it and especially if you share it widely, it has the most potential to actually change the financial regulatory world for the better and also in turn, therefore, to improve the financial world, too. It goes right into the heart of the most important work, being done by the most innovative people, on redesigning regulation for the digital age. My guests are Chris Woolard and Nick Cook of the UK’s Financial Conduct Authority. We sat down to record it on the last night of their enormous, ambitious, mold-breaking tech sprint held in London a few weeks ago. This regtech sprint, the fifth one they’ve done, focused on how to use new technology to combat financial crime. The sprints -- which are hackathons -- play a dual role, both sparking new ideas on specific regulatory challenges and also innovating in regulatory process, itself. I’ll set the scene for you. It was a Thursday night, dinner time, in the London offices of EY, in the Canary Wharf section of the city on the Thames, just a few blocks from the FCA’s building. EY generously offered their beautiful training facility for the sprint, because the FCA’s building is too small to hold the 400 people who were there by the end, or even the 260 who had been there for three days, working feverishly, day and night, to invent new solutions for money laundering. Those people had arrived on Tuesday morning and had self-formed into sixteen small teams, usually with total strangers, in a format mixing organizations and most importantly, mixing knowledge and skill types. Regulatory experts and AML experts and lawyers had worked elbow-to-elbow with tech experts, brainstorming ideas together and then translating these, live, into computer code, using test data provided by the participating tech companies. We sat down for this recording in a quiet conference room, just as the main gathering began to shift into post-conference socializing and bonding and celebrating over food and drink. It was one of those special moments where everyone feels elated and excited, and at the same time, completely drained. For me, as I think I say two or three times in this show, the sprint was the most fascinating and inspiring thing I’ve ever experienced. I hope that listening to it will inspire you to take up the FCA’s challenge to build on it in your own country and with your counterparts in other countries, and perhaps to take up their offer to help. People came to the sprint from all over the world, including, I’m especially happy to say, a substantial contingent of both regulators and financial companies from the United States (and also a new nonprofit, FinRegLab, with which I’m affiliated and which is building an empirical testing environment for regtech concepts in Washington). The FCA is at the forefront of a global regulatory awakening about the need to innovate regulatory models as technology increasingly outpaces the speed at which government can change. Its most famous innovation is its Regulatory Sandbox, which enables fintech innovation to be tested in a controlled experiment under the regulator’s close scrutiny and is being emulated throughout the world. Less well-known is their equally important innovation on the regtech side, for which they invented this creative new format, the regulator’s TechSprint.   Both the sandbox and the sprints have three key elements essential for regulatory innovation. First, they make collaboration happen, especially between the regulatory and tech worlds. Second, they enable very fast learning by the regulator, through direct, hands-on experience. And third, and most crucially, they use experimentation. They provide a safe space for trying things out, testing, learning, shaping -- quickly and cheaply. They apply the techniques that technology innovators figured out years ago, about the need to start small, try something, adjust as you learn, and if some ideas are going to fail, let them “fail fast” in a controlled setting where critical lessons can be learned early, and no harm can be done. These ideas are hard for people to grasp in the abstract, especially the notion that regulators need to get comfortable with learning through trial and error because there’s no other way to learn fast enough. I’m a former bank regulator and I know this idea is completely alien to regulatory culture and tradition, which have been designed, for good reason, to be careful and thorough and deliberate. A couple of years ago, a senior U.S. bank regulator told me that her agency had figured this out by spending time on the FCA’s website, reaching this epiphany that, the regulator doesn’t need to have all the answers -- even can’t have all the answers on tech change, before moving forward. It’s really the other way around. You have to move forward, to get to the answers. Chris and Nick describe the very same process -- as Chris calls it, the light bulb turning on, suddenly realizing it was riskier NOT to move, even though you’re not sure exactly what to do and what will happen. To me, the most interesting thing you’ll hear in this show is their voice as they describe this journey, the struggle toward creating a new way to work. Again, this was the fifth tech sprint. Be sure listen to my two earlier FCA shows, one with Chris that explains the FCA’s regulatory sandbox and one with Nick on regtech. The regtech one featured the breakthrough, two-week sprint held last November, successfully proving that regulatory reporting requirements could be updated directly, computer-to-computer, by issuing a rule change in the form of code, rather than words. That one was like a regulatory moonshot -- it could eventually change regulation, itself. This new sprint last month, by contrast, focused on the specific use case that’s most ripe for regtech transformation -- anti-money laundering. The UN estimates that there’s $1.6 - $2 trillion in annual global financial crime, and that we catch less than 1 percent -- despite spending tens of billions of dollars each year. And it’s getting worse. The criminals and terrorists today use sophisticated technology and operate as networks, while banks and governments use old technologies, with data trapped in silos. As Chris and Nick said, it will take a network, to beat a network. Chris also said that a million children are trafficked, each year. There’s a moment, in our conversation, where Nick says the sprint brings people to realizing that collectively, we can actually DO something about money laundering -- and you can hear the tone of excitement in his voice. For decades, we couldn’t really do much better, because we’ve had analog-era technology. Today we can use digitally-native tools. We can use them to fight crime and also to tackle nearly every other aspect of financial regulation -- all the areas where problems are so hard to solve. Financial inclusion. Consumer education. Preventing discrimination and predatory finance. Identity verification. Risk assessment. Financial reporting. New technology can make it all work better, and cost less, at the same time -- something that in the past was completely impossible. Believe it or not, I’m actually curbing my enthusiasm for this. This is the tamped down version. I think this is a regulatory revolution, beginning to move. Please listen to this episode, share it with everyone you know, and join in the dialogue. More on Chris Woolard Christopher Woolard is Executive Director of Strategy and Competition and an Executive Board Member of the Financial Conduct Authority. He’s responsible for policy, strategy, competition, market intelligence, consumer issues, the Chief Economist's department, communications and the Innovate initiative. He is chair of the FCA's Policy Steering Committee and a non-executive board member of the Payment Systems Regulator. Christopher joined the FCA in January 2013. Previously he was Group Director and Content Board member at Ofcom. He has spent most of his career in regulation or policy development including working at the BBC and in government as a senior civil servant. He is a Sloan Fellow of London Business School. More on Nick Cook Nick Cook leads the FCA’s RegTech activities, including the FCA’s TechSprint events - the first events of their kind convened by a financial regulator. He is responsible for creating the FCA’s Analytics Centre of Excellence to drive the organization’s use of data science, machine learning and artificial intelligence.  Nick is the FCA’s representative on the European Securities and Markets Authority’s (ESMA) Financial Innovation Standing Committee and an advisor to the RegTech for Regulators Accelerator Programme. Nick joined the Financial Services Authority (the FCA’s predecessor) in 2009, initially in its Enforcement and Market Oversight Division. Prior to joining the regulator, Nick qualified as a chartered accountant at KPMG Forensic. More for our listeners Full interview transcript. We have many more great podcasts in the queue. We’ll talk with another community bank CEO, Mike Butler of Radius Bank.  We’ll have two more episodes recorded this year at LendIt. One is a discussion of new research by LendUp and Experian, on credit reporting, and the other is with my friend Greg Kidd of Global ID.  We also recorded two episodes at last month’s Comply 2018 conference in New York, with two regtech firms -- Compliance.ai, which offers machine-readable regulatory compliance, and Alloy, which has high-tech solutions for meeting the Know-Your-Customer rules in AML. Speaking of LendIt, I’ll also be a guest on Peter Renton’s Lend Academy podcast, and he’ll be on our show soon as well, so watch for those. I’m also excited we’ll have several leading members of Congress on the show in the coming weeks. So, stay tuned! I hope to see you at upcoming speeches and events including: CFSI’s Emerge, this week in Los Angeles, CA North Dakota Bankers Convention, June 10-12, Fargo, ND American Bankers Association Regulatory Compliance Conference, June 26, Nashville, TN Money 2020, October in Las Vegas. Among other things, I’ll be speaking on the Revolution Stage about the regulation revolution Also, watch for upcoming information on my collaboration with Brett King on his new book on the future of finance -- we’ll have a show and events on that as well. If you listen to Barefoot Innovation on iTunes, please leave a five star rating on the show to help us build it. Also please remember to send in your “buck a show” to keep it going, and come to jsbarefoot.com for today’s show notes and to join our email list, so you’ll get the newest podcast, newsletter, and blog posts. As always, please follow me on Twitter and Facebook. And tell me what you’re thinking about digitizing regulation. Let’s widen this dialogue to more people, and more and more ideas! Support our Podcast Subscribe Sign up with your email address to receive news and updates. Email Address Sign Up We respect your privacy. Thank you!

Sarah Smith is Professor of Economics and Head of the Department of Economics at the University of Bristol. Her research interests are in applied micro - specifically consumer behaviour and public economics. Sarah has worked on pensions, saving and retirement and welfare policy and her main focus now is the economics of not-for-profit organisations. Professor Smith has been working with a number of charity organisations to understand what motivates individuals to give and how donations respond to different economic and non-economic incentives. Sarah is a research associate at the Institute for Fiscal Studies, where she started her career and at the Centre for Economic Policy Research. Sarah has also worked at HM Treasury, the Financial Services Authority and the London School of Economics. Sarah received her PhD from University College, London and an MSc Economics from the London School of Economics and Political Science. Check out the show notes page at www.economicrockstar.com/sarahsmith Support the show for as little as $1 a month on Patreon. For more, visit www.patreon.com/economicrockstar  

What if regulation, as we know it, might disappear? Regulation will never stop, of course, but what if some of it will take on a new form, shaped by technology?  What if we’re entering into a new era of what we could call “digitally-native” regulation, that’s as agile and intuitive about regulation as digitally-native consumers are about consumer technology? Of all the shows we’ve ever done, I think this is the most mold-breaking and thought-provoking. My guest comes from the agency that is leading the world in modernizing financial regulation for the digital age, and he leads the team that’s doing it. Nick Cook is the head of Regtech and Advanced Analytics for the United Kingdom’s Financial Conduct Authority. The FCA’s innovation leadership is world-renowned, especially for their Project Innovate and its “regulatory sandbox,” which allows careful testing of new financial technology that could benefit consumers. Less well-known, though, is a newer initiative, launched about 16 months ago, to explore regtech. As we’ve discussed in other shows, the term “regtech” is used in two ways. It refers both to regtech for regulators -- technology to enhance their own activities, and to regtech for the industry, to improve or streamline regulatory compliance. The FCA is working on both halves of this equation, and true to form, they’ve invented an innovative way to explore it. They aren’t using a sandbox for regtech (although the Bank of England has a sandbox-like “Fintech Accelerator”). Instead, Nick’s team has been convening what they call “tech sprints.” They invite a diverse set of participants -- banks, fintechs, tech companies, lawyers, consultancies, academics and others -- to come together for problem-solving exercises designed like hackathons. Sometimes for a day or two, and sometimes longer, they work on how new technology could be applied to a regulatory challenge like “digitizing” the rule book or streamlining regulatory reporting. Nick and I recorded this discussion at the Regtech Enable conference in Washington in December, where he had just shared an update on their work from the stage. At the time, they were in the midst of a two-week sprint that had two objectives. The first is to try to make regulatory reporting requirements “machine-readable,” and therefore much easier to navigate, including for innovative companies that often struggle just to know what rules apply to them. The second -- even more profound -- is to explore whether some regulations can also be made “machine-executable” -- could regulatory guidance, in some cases, be issued in the form of computer code, and therefore be self-implementing? This is an idea that’s been under discussion for about a year, including at a regtech roundtable I hosted last spring as a Senior Fellow in the Harvard Kennedy School Center for Business and Government. The same conversations have included a second concept the FCA is also pursuing, namely that new, high-tech regulation should be introduced gradually and should be optional for the industry. Gradual rollout would enable policymakers to start small and learn, while voluntary adoption opens up a practical road to changing our complex system with minimal disruption.   The FCA’s tech sprint on machine executable reporting ended a few days after we recorded this podcast. They will be sharing its results in the coming months, so be sure to watch for it! Let’s step back and think about what’s underway here. Finance is being transformed from analog to digital design. And, right behind it, so is regulation. Digitization will do for both -- for finance and financial regulation -- what it does for everything else. That is, it will make them faster, better, and cheaper, and will create a new foundation on which people will innovate further, in ways we cannot yet envision. A striking thing about my talk with Nick is how different he sounds from traditional regulators. It’s hard to put your finger on exactly why, but I think it’s mainly the comfort he displays with uncertainty. The same trait was evident in my earlier podcast with Christopher Woolard, who heads the FCA’s innovation strategy. Somehow this agency manages to be simultaneously bold and humble. They know they don’t have this all figured out. They even know they can’t figure it out by themselves. But they also know they can move forward, and that the way to do so is by engaging a community of diverse experts to work together. As Nick says, that can be scary, but the risks come way down, for regulators and everyone else, when solutions are developed collaboratively by people who believe in its potential to make regulation better. I hope this episode finds its way to many regulators, including those in the US where our agencies are actively exploring innovation agendas. Nick says regtech should be easier for regulators than fintech change is. For one thing, the companies leading it are generally not regulated entities, which makes them easier to work with. In addition, no consumers are affected by regtech experimentation. It’s about how the regulators can do their own jobs better, and/or can enable financial companies to do the same. As he puts it, regulators can, therefore, put “a toe in the water,” in regtech, and then move forward. My friend Andrew Burt of Imuta and Yale Law School helped design the FCA’s December sprint and has put out a white paper on it. And here is the FCA’s great video on how tech sprints work. So, I’m not naive. I’ve been a bank regulator, a U.S. Senate staffer, and I’ve worked in regulatory compliance for decades. Technology won’t magically make regulation easy. These solutions won’t fit some types of regulation, and where they do fit, they will inevitably create new problems. We all know all that. Still...Digitally-native regulation. Think about it. More on Nick Cook Nick leads the FCA’s RegTech activities, including the FCA’s TechSprint events - the first events of their kind convened by a financial regulator. He is responsible for creating the FCA’s Analytics Centre of Excellence to drive the organization’s use of data science, machine learning and artificial intelligence.  Nick is the FCA’s representative on the European Securities and Markets Authority’s (ESMA) Financial Innovation Standing Committee and an advisor to the RegTech for Regulators Accelerator Programme. Nick joined the Financial Services Authority (the FCA’s predecessor) in 2009, initially in its Enforcement and Market Oversight Division. Prior to joining the regulator, Nick qualified as a chartered accountant at KPMG Forensic. Other links Podcast with Sanjay Jain on the “India stack” technology Podcast with Miles Reidy on regtech More for our listeners Just before Christmas, I finished my 7 week, three-continent “World Tour.” I think 2017 was the pivotal year for moving both fintech regulation and regtech toward becoming priority issues at regulatory agencies throughout the world. 2018 will take it all to the next level. We’re starting the year with amazing shows in the queue. We’ll have a fascinating London conversation with the charismatic CEO of Starling Bank, Anne Boden; another with Innovate Finance CEO Charlotte Crosswell; and another with a group of amazing innovators working in Europe and Africa, including Ecobank. In the U.S. we’ll have one with Cross River Bank CEO Gilles Gade; with Michael Wiegand, who heads the Gates Foundation’s work on financial services for the poor; with Financial Services Roundtable CEO Tim Pawlenty; and with Nerd Wallet CEO Tim Chen...and many more! I hope to see you at upcoming events including: OCC Bank Information Technology Conference, January 9-12, Washington, DC Innovate Finance Global Summit, March 19-20, London, UK Bank Director, The Reality of Regtech, April 18, New York Texas Bankers Association Annual Conference, May 3, Houston, Texas Comply 2018, May 16, New York As always, please remember to review Barefoot Innovation on iTunes, and sign up to get emails that bring you the newest podcast, newsletter, and blog posts, at jsbarefoot.com. Again, follow me on twitter and facebook.  And please send in your “buck a show” to keep Barefoot Innovation going. And keep innovating! Support our Podcast Jo Ann Subscribe Sign up with your email address to receive news and updates. Email Address Sign Up We respect your privacy. Thank you!

David Herro, CIO at Harris Associates, says European financial stocks will do well and BNP Paribas is still a good value. Prior to that, Adair Turner, former chairman of the U.K. Financial Services Authority, says countries want to stay in the Paris Climate Accord. Shahab Jalinoos, the head of FX strategy at Credit Suisse, says an Emmanuel Macron presidency will generate optimism in European reform. Finally, Stan Collender, MSLGroup's executive vice president, says a government shutdown is possible, but unlikely. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

David Herro, CIO at Harris Associates, says European financial stocks will do well and BNP Paribas is still a good value. Prior to that, Adair Turner, former chairman of the U.K. Financial Services Authority, says countries want to stay in the Paris Climate Accord. Shahab Jalinoos, the head of FX strategy at Credit Suisse, says an Emmanuel Macron presidency will generate optimism in European reform. Finally, Stan Collender, MSLGroup's executive vice president, says a government shutdown is possible, but unlikely.

This week Kirsty is joined by Lord Adair Turner, former Chairman of the Financial Services Authority, to talk about the UK's low interest rates and problems with household debt. Weekly Economics Podcast on Twitter: www.twitter.com/weeklyeconpod Kirsty Styles on Twitter: www.twitter.com/kirstystyles1 Produced by James Shield. Programme editor for NEF: Huw Jordan. Brought to you by the New Economics Foundation – the independent think tank and charity campaigning for a fairer, sustainable economy. Find out more at www.neweconomics.org. Music by Podington Bear and Jahzzar used under Creative Commons licence. www.podingtonbear.com www.freemusicarchive.org/music/Jahzzar

Lord Turner, is a doyen of the UK economic establishment who has concluded that western economies remain dangerously reliant on debt. It might be reassuring if we could put the blame for the financial crash of 2008 on greedy bankers but what if the crisis was much deeper and more structural? Stephen Sackur asks Lord Turner if his solution; printing money to stimulate growth without adding to the debt pile, is credible?(Photo: Lord Turner in the Hardtalk studio)

Imagine waking up one morning to the sound of a helicopter overhead. You look out and see that packages are being dropped in front of the homes of everyone on your street. You race downstairs, and tear open your package. Inside? Exactly $10,000 in new bills. A gift of freshly-printed money from your government – no strings attached. What would you do? Economists hope you would go out and spend – and that your spending would help kick start the post-industrial economies which many fear are grinding, inexorably, to a complete halt. We explore whether so-called “helicopter money” (more likely, money would simply be wired to your account) really is a solution to the problem of a low- or no-growth future. Our expert witnesses include: Adair Turner, the former head of Britain's Financial Services Authority, who is prescribing just such economic medicine; Mohamed El-Erian, chairman of President Obama's Global Development Council; Professor Barry Eichengreen of Berkeley University in the United States and Richard Koo, formerly of the Federal Reserve Bank of New York and an economic advisor to successive Japanese governments. Presented by Linda Yueh. (Photo: Helicopter at G7, Credit: Getty Images)

Seventeenth Geoffrey Sawer Lecture 2014 Geoffrey Sawer was the first Professor of Law at The Australian National University, appointed in 1950 at the age of 40. His fluid and incisive writing, especially on Australian constitutional law and politics, has had a significant impact on succeeding generations of academics, practitioners and judges. In 1998, two years after Sawer’s death in 1996, in honour of this pioneering scholar, the Dean of the ANU College of Law, Michael Coper, with then Centre for International and Public Law Director Hilary Charlesworth, inaugurated the annual Sawer Lecture. Since then, the annual lecture has been delivered by such luminaries as Sir Ninian Stephen, Sir Gerard Brennan, and Professor Leslie Zines. Ms Deborah Glass OBE is the current Victorian Ombudsman. She was appointed in March 2014; the appointment is for a term of 10 years. Deborah has recently stepped down as Deputy Chair of the Independent Police Complaints Commission (IPCC) of England and Wales, completing a 10-year term with the IPCC in March 2014. She was also the IPCC Commissioner for London, responsible for many high profile criminal and misconduct investigations. Raised in Melbourne and a graduate of Monash University, Deborah practiced as a lawyer in Melbourne before joining Citicorp Investment Bank in Switzerland in 1985. She was appointed to the Hong Kong Securities and Futures Commission at its inception in 1989 and was instrumental in raising standards for the Hong Kong investment management industry, becoming Senior Director. Upon moving to London in 1998 she was Chief Executive of the Investment Management Regulatory Organisation, which was a self-regulatory body being merged into the Financial Services Authority, until the completion of the merger in 2000. She was then appointed to the UK Police Complaints Authority, and in 2004, became a Commissioner of the newly constituted IPCC. She was appointed Deputy Chair in 2008. Deborah was awarded an OBE for services to the IPCC in the New Year Honours List 2012.

Tom Sutcliffe discusses money with the American economist Charles Calomiris, who looks back at the history of financial disasters and argues that they're caused more by government failures, than individual bankers. The former head of the Financial Services Authority, Adair Turner, might agree on the need for structural changes, but famously said 'heads should roll' in the banking industry, and has damned much of the banks' trading activities as 'socially useless'. If there has been a moral vacuum at the heart of the banking industry, are there lessons to be learnt from Islamic banking? The financial advisor Harris Irfan believes it's a system that is more equitable and transparent. Seventy five years ago Steinbeck's great depression novel, Grapes of Wrath, was published and Maggie Gee explores its legacy and asks where the wrath is now? Producer: Katy Hickman.

Jonathan Adair Turner, Baron Turner of Ecchinswell is a British businessman, academic, a member of the UK's Financial Policy Committee, former Chair of the Climate Change Committee and was Chairman of the Financial Services Authority until its abolition in March 2013. Here he speaks to Transition Network's Rob Hopkins about climate change, growth, and economics.

As scandal after scandal hits lenders, the banking team talk about the Financial Services Authority's warning to banks operating in London that they must reduce bonus payouts. Also under discussion are proposals by the Financial Stability Board to tackle shadow banking, an industry worth half the size of the global banking sector. See acast.com/privacy for privacy and opt-out information.

The way in which the public pay for financial advice for is changing from the start of next year as part of a far-reaching reform known as the Retail Distribution Review or RDR. The UK's financial watchdog, the Financial Services Authority has decided that financial advisers have to change the way they charge for their services. Rather than receive commission from a fund manager or pension company they must now agree their charges with you, the client, under a system known as adviser charging. The watchdog has also increased the qualifications advisers must obtain before they are able to practice. The new system comes into to force on at the start of January. If you have an IFA or financial adviser already or are planning to consult one about your financial planning needs in the near future, it may have implications for you. In this podcast interview financial journalist John Lappin talks to pension firm Aegon UK’s RDR expert Steven Cameron about the reform and what it may mean for you

This week the banking team discuss the prospect of the UK government's national loan guarantee scheme. They also talk about Hector Sants stepping down from his position as chief executive of the Financial Services Authority and the scathing attack launched by a Goldman Sachs banker on his employer in the New York Times. Presented by Patrick Jenkins, with Sharlene Goff, Brooke Masters and Daniel Schäfer Produced by Amie Tsang See acast.com/privacy for privacy and opt-out information.

In this week's podcast: We talk about the proposed break-up of the Financial Services Authority with the consultation process drawing to a close today. We ask whether the issues of who is to be responsible for what will be cleared up. Then we look at the Financial Reporting Council's Stewardship Code - designed to ramp up investors' engagement with companies in the aftermath of the crisis. We end the show on the supposed exodus of bankers from London. We ask whether people are really heading for the doors. Stateside this week is by Justin Baer Presented by Megan Murphy with Brooke Masters and Miles Johnson Produced by LJ Filotrani See acast.com/privacy for privacy and opt-out information.

There has been a major outbreak of collective letter writing in media land. First the one to Vince Cable about Rupert Murdoch's plan to buy the 60% of Sky he does not own and what the writers say is a serious threat to media plurality. But should the BBC have signed it? Ben Fenton broke the story of the letter for the Financial Times and he is joined by Phil Harding, former editor of R4's Today programme. And then there is a second letter, from newspaper editors to the Financial Services Authority, over new guidelines that, it is claimed, will lead to much less truth being told, or at least reported. The FSA says there is nothing new here but the Telegraph's head of business coverage, Damian Reece, says it leaves the FSA looking as if it is "engulfed in fog of paranoia".The legendary Claire Rayner has, sadly, passed away. What of the art of the agony aunt, which she did so much to foster, in the modern age? Sunday Times agony aunt Sally Brampton discusses Claire Rayner's impact with Anna Raeburn.And the Chile mine rescue may be compelling viewing, but can the same be said for the commentary? How are the rolling news channels filling the space between the moments of joy? We will be dropping in throughout the programme before catching up with Sky's head of international news, John McAndrew.

Is City governance effective and how ought it to be reformed? Does it represent a competative advantage or a competative burden? The relevant importance and future roles of the Lord Mayor, the City Corporation, the Financial Services Authority, the Bank of England, the Treasury and the various...