Timeliness and timelessness - corporate governance and regulatory challenges after the financial crisis of 2007 - 2009 and Brexit
Join us for this one day conference at LJMU.
An international, interdisciplinary one day conference at Liverpool John Moores University will investigate the corporate governance and financial regulation of banks after the global financial crisis of 2007-2009 and the implications of Brexit for companies, especially banks. Legislators and financial regulators are always at least a step behind of financial markets due to: a) technological developments, b) lawyers circumventing legislation, and c) complex financial products.
Which means that financial innovation will almost always prevail over financial stability. It would therefore be unrealistic to think that regulators can keep pace with financial markets. Self-regulation through best practice guidance in corporate governance codes therefore plays a key role in regulating bankers’ behaviours. Effective corporate governance combined with a robust regulatory and supervisory framework is thus important to give shareholders and stakeholders more confidence in companies. This in turn leads to reduced costs of capital which will underpin a stable financial system. There has been a plethora of reforms, such as: i) executive compensation, ii) more accountability and transparency from senior managers of banks, iii) better protection to whistleblowers in the financial industry, iv) regulatory reforms in prudential regulation and supervision, v) tackling systemic liquidity risks, vi) regulation of off-shore tax havens and the ‘too-big-to-fail’ phenomenon. Despite these, many banks in advanced economies face significant structural challenges when adapting their business models.
Financial stability thus remains a key item on the agenda of many countries and central banks. Global threats such as the uncertainty surrounding emerging market risks, the implications of Brexit and cyber risks heighten the problem. Financial markets do not like uncertainty and therefore it is timely to discuss the implications of Brexit.
About the conference
In light of the global threats to financial stability, this conference will provide a platform for academics and practitioners to analyse relevant principles, recent trends and upcoming challenges in corporate governance and regulatory issues around the world.
The conference is unique in that it features a panel of invited speakers (practitioners and academics) and incorporates a call for papers. Invited speakers include experts from the Bank of England; the Financial Reporting Council, Rotman School of Management, University of Toronto, Max Planck Institute for Comparative and International Private Law, the University of West of England and LJMU. Please note that the availability of speakers is subject to last minute changes.