IA IFPR Forum 2024

Group discount: use the promotional code GROUP for 20% discount on bookings of five or more people. 

Join us on Wednesday 02 October for the Investment Association's annual IFPR Forum, as we will delve into critical discussions led by a cadre of distinguished and influential experts from IA member firms, discussing some of the key topical areas of IFPR implementation and how to overcome future challenges. This event will be kindly hosted by Linklaters LLP in collaboration with industry panel experts including J.P Morgan, Invesco, Deloitte, KPMG and more.

This year we will bring forth international perspectives on IFD and how it is being implemented in Europe. IFD was designed to harmonise prudential requirements across Europe, we will therefore look to engage in panel discussions gaining renowned international perspectives on progress so far, alongside a fireside chat with the FCA to understand their latest thinking.

Topical areas of discussion include; Risk Mapping, Internal Capital and Risk Assessment (ICARA) and wind down planning.

This in person gathering is your exclusive opportunity to deepen your understanding of IFPR intricacies, equipping yourself with the knowledge needed to navigate the turbulent market conditions via Adequate Risk, Capital and Liquidity Mapping/Planning with particular focus on wind down planning. Secure your place now to connect with industry leaders, engage in thought-provoking discussions, and elevate your understanding of what lies ahead.

Please be advised - In our pursuit to address the most pressing issues for our members, we will introduce key topics that are ‘live’ and will be finalized in proximity to the event date.

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08:30 Registration & networking

09:00 A view from the IA
Anshita will outline some key areas of focus on IFPR going forward, unpacking key areas of the IA’s Annual IFPR survey as well as wider IA views on the current political landscape.

Anshita Joshi, Head of Risk and Tax Unit, The Investment Association

09:30 Fireside chat with the FCA
10 months on from the FCA’s Final IFPR implementation observations, Zainab and Simon will discuss what to expect coming down the pipeline later this year/early next year. The conversation will look to highlight the FCA’s strategy going forward for medium and smaller sized firms as well as the larger firms. Key questions will include whether there be further SREPs expected and what can Investment Managers that fall outside of the SREP population expect to see? 

• Simon Peters, FCA Manager - Financial Resilience Department - Supervision
• Zainab Yazdansetah, Senior Policy Advisor, The Investment Association

10:15 SREPs & future consideration Q&A panel
This panel will take you through first hand insight drawn from FCA feedback and a wide array of practitioner’s insights. The panel will discuss liquidity, risk triggers and appetite and aspects of wind-down planning to name a few key areas. In addition to this, areas of discussion will touch upon governance and the use of models and MI; including experiences throughout consolidation and the dynamics surrounding group harms versus solo entity harms. Whilst the panel will be focussed on unpacking some of the key area of SREPs feedback it will also discuss proportionality and best practises for smaller firms.

Moderator: Alan Trotter, Chief Financial Officer – Europe, the Middle East and Africa, Invesco

• Nick Bloxham, UK Financial Controller, J.P. Morgan Asset Management
• Brian Thornhill, Director, Deloitte
• Louis-Philippe La Rocque, Senior Manager, Consulting - Financial Services, Ernst & Young LLP
• Nick Evans FCA, Corporate Finance & Risk Reporting Senior Manager (Europe), Vanguard Asset Management Ltd

11:00 Networking break

11:30 Wind down planning – Key Considerations & Best Practices
Expert speakers from M&G, KPMG, Baillie Gifford as well as DWS will talk through some key areas of consideration for stress-testing and wind-down planning. The panel has been specifically designed to get a view from various sized firms that have a varying degree of experience on Wind-Down Planning in order to capture a wide range of Investment Management firms.

Moderator: Brian Thornhill, Director, Deloitte

• Laura Sol, Head of Risk UK, DWS Group
• Liezl De Villiers Getz, Head of Non-Financial Risk, M&G Investments
• Robert Crawford, Senior Manager - Risk and Regulatory Advisory team, KPMG
• Samantha Denis, Accounting and regulatory policy lead, Baillie Gifford

12:15 Capital planning & horizon scanning
We will end the day horizon scanning for the future, including how to consider impact of AI in financial services, unpacking Consumer Duty as well as ESG considerations and wider macro trends when implementing ICARAs. With the recent publication of EBA and ESMA’s Discussion Paper on IFR/IFD implementation, we the panel will discuss key proposals and responses, tying this into the differing regulatory EU landscapes and how IFR is being implemented locally/the challenges firms of an international nature face and best practices.

Moderator: Alastair Holt, Partner, Linklaters LLP

• Dr Awat Rahimi, Partner, Alpha FMC
• Nick Bloxham, UK Financial Controller, J.P. Morgan Asset Management
• Karen Cooper, Senior Associate (Knowledge), Linklaters LLP

13:00 Closing remarks

Alan Trotter, Chief Financial Officer – Europe, the Middle East and Africa, Invesco

13:05 Networking lunch

In order of appearance:

Anshita Joshi, Head of Risk and Tax Unit, The Investment Association
Anshita Joshi is the Head of Risk and Tax at the Investment Association, where she leads the development and execution of the IA's agenda on UK, EU, and international risk and tax policy matters impacting the investment management industry. Anshita is an industry professional with over 18 years of experience in the investment management sector. Prior to joining the IA, she was a senior manager in PwC's asset management team.

Zainab Yazdansetah, Senior Policy Advisor, The Investment Association
Zainab Yazdansetah joined the IA in October 2022 as a Senior Policy advisor for SMCR, FSCS levies and later inherited the IA’s Prudential Portfolio focussed on IFPR. She has 8.5 years of experience working for the FCA with some of her positions including conduct focussed work within the Cross-Firm team in Wholesale Banking (Sell Side) Supervision and Senior Case Officer in Retail Banking Authorisations, dealing and leading on some of the most complex retail banking propositions.

Simon Peters, FCA Manager - Financial Resilience Department - Supervision

Alan Trotter, Chief Financial Officer – Europe, the Middle East and Africa, Invesco
Alan Trotter joined Invesco in June 2016 as Chief Financial Officer for Europe, the Middle East and Africa (EMEA). He has more than 20 years of experience in senior financial roles in Asset and Wealth Management, Insurance and Banking, He has worked in the UK, the US and Asia.
Before joining Invesco, Mr. Trotter was Chief Financial Officer at Alliance Trust PLC, a listed specialist asset manager, from 2010 to 2016. Previously, Mr. Trotter was Group Corporate Development Director and Central Finance Director at Legal and General Group from 2007 to 2010, and he led finance and actuarial transformation design. He was Senior Manager in group corporate finance (mergers & acquisitions) at Royal Bank of Scotland from 2001 to 2007, leading several acquisitions.
Mr. Trotter previously served as Financial Controller at new business start-up Standard Life Bank, where he also served as Finance Manager for group financial and regulatory reporting from 1996 to 2001. In addition, he was an Audit and Tax Senior at Erns! & Young from 1990 to 1996 in the UK and Hong Kong.
Mr. Trotter earned a Bachelor of Accountancy, with honors, from the University of Glasgow in 1990 and a Bachelor of Laws degree from the University of London (distance learning) in 1998. He is a member of the Institute of Chartered Accountants of Scotland, the Chartered Institute of Taxation and the Association of Corporate Treasurers. He attended the INSEAD Business School Advanced leadership Programme in Paris in 2014.

Nick Bloxham, UK Financial Controller, J.P. Morgan Asset Management
Nick Bloxham is the UK Financial controller for JPMorgan Asset Management. He has been at the firm since 2008, and in the financial industry since 2005. Previous roles include legal entity controller and global equity chief financial officer for JPMorgan Asset Management.
Nick Bloxham is a Director on a number of regulated companies within JPMorgan Asset Management, including JPMorgan Funds Limited - the Authorised Corporate Director for JPMorgan’s UK open-ended fund range. In addition, he is deputy chair of the Investment Association Prudential Committee.
Mr Bloxham has an MA (Cantab) from Cambridge University and an MSc from Imperial College, London. He is a qualified Chartered Accountant (CA).

Brian Thornhill, Director, Deloitte
Brian is a Director in Deloitte’s Financial Services Risk Advisory Practice and an affiliate member of the Prudential Committee of the Investment Association. He previously served as a prudential technical specialist and operational risk lead at the FCA and its predecessor organisation the FSA. He currently leads Deloitte’s IFPR implementation and ICAAP / ICARA transition support, including risk management framework, stress testing, liquidity, wind-down planning and recovery planning arrangements, and serves as an SME on various industry forums and working groups.

Louis-Philippe La Rocque, Senior Manager, Consulting - Financial Services, Ernst & Young LLP
Louis-Philippe is a senior manager with a focus on prudential regulation for investment management firms in EY’s Risk and Regulation practice. He has over 10 years experience in financial services as a professional advisor and regulator. Prior to joining EY Louis-Philippe worked as a prudential specialist at the Financial Conduct Authority (FCA) focusing on investment management firms.

He has experience supporting firms with various aspects of prudential regulation, including topics such as capital, liquidity, consolidation and wind-down planning. Over the past 24 months, Louis-Philippe and the team at EY have supported numerous firms with the implementation of all aspects of the Investment Firm Prudential Regime (IFPR) in the UK.

Nick Evans FCA, Corporate Finance & Risk Reporting Senior Manager (Europe), Vanguard Asset Management Ltd
Nick Evans is a Chartered Accountant and Senior Risk Manager at Vanguard Asset Management. He is the Head of Prudential risk and Executive risk reporting, responsible for strategic risk, the implementation of the firms ICARA and Liquidity framework as well as driving key business insights. Before moving into Risk, he was the European Financial Controller at Vanguard which included the oversight of financial regulatory reporting. Prior to Vanguard, Nick worked for a number of firms across the financial services industry, including BNP Paribas and KPMG in the Cayman Islands Alternative Investment Practice. Nick holds a degree in Biological Sciences and is a Fellow of the Institute of Chartered Accountants in England and Wales.

Laura Sol, Head of Risk UK, DWS Group
Laura Sol is the UK Head of Risk at DWS Asset Management, responsible for identification, management, control and reporting of financial and non-financial risks in the UK, and responsible for leading ICARA. She’s held senior risk and control positions at DWS since 2015. Prior to that, she was Deputy Global Programme Manager Officer for 3 Lines of Defence Programme at Deutsche Bank, and led various global change programmes in operations and technology.
She is a member of the Investment Association’s Prudential Risk Committee and the chair for the Business and Enterprise Risk Committee.
Laura holds a bachelor in Business Administration and an MBA from ESADE Business school, Spain.

Liezl De Villiers Getz, Head of Non-Financial Risk, M&G Investments
Liezl de Villiers Getz is the Head of Non-Financial Risk at M&G Investments. She is responsible for setting the overall vision, strategy and direction for non-financial risk across the global asset management business. She manages and oversees a technical team responsible for providing the framework and approach of non-financial risk; risk appetite statement and culture; emerging risk, transformation risk and ICARA; monitoring, reviews and assurance.

She previously worked at Aviva Investors as the Head of Operational Risk and was responsible for setting the overall operational risk approach and providing strategic direction on risk, control and capital management across the global asset management business. Prior to this, she worked at KPMG as a risk, control and capital consultant; external auditor as well as a financial engineering group manager.

She holds a Bachelor’s in Accounting (Honours) degree from the University of Stellenbosch; is a qualified Chartered Accountant registered with the South African Institute of Chartered Accountants; and is a member of the Institute of Operational Risk.

Robert Crawford, Senior Manager - Risk and Regulatory Advisory team, KPMG
Rob is a Senior Manager in KPMG’s Risk and Regulatory Advisory team with over nine years’ experience of asset managers on risk matters, specialising in prudential regulation. Rob works with clients ranging from global asset managers through to smaller boutique firms. This includes advising firms on prudential regulatory change, the ICARA, wind-down planning, SREP preparation, supporting on transactions, entity rationalisation/optimisation and risk management frameworks.

Samantha Denis, Accounting and regulatory policy lead, Baillie Gifford
Samantha joined Baillie Gifford in 2004 as an accountant within the Finance department and was involved in financial and regulatory reporting for the group. In 2019, she took on a more specialist role in the regulatory space as Prudential Policy manager, this role was expanded earlier this year to include accounting and regulatory policy.

Her role entails working closely with the financial reporting team and business risk team to lead the implementation of new regulatory policies across the Baillie Gifford group.
Core activities are researching current and future regulatory requirements that will impact our entities, drafting policies and rule interpretations and providing training as required.
She is also involved in the ICARA process covering internal assessments, wind down planning, recovery action plans and stress testing.

Prior to working at Baillie Gifford, Samantha worked at Deutsche Bank, Jersey as an accountant within Financial Control and Royal Bank of Canada, Jersey in both their Fund Administration and Finance departments.

She is ACCA qualified and has a BA(Hons) degree in European Studies.

Alastair Holt, Partner, Financial Regulation Group, Linklaters
Alastair specialises in financial services regulation and covers all types of regulatory issues, including structuring, licensing, conduct of business, governance and prudential regulation, for a wide range of clients.
He aims to give clear, practical guidance, which cuts through the complexity of the underlying issues and provides clients with tangible solutions.
Alastair’s experience includes advising on cross-border services, Brexit, bank ring-fencing, CRD V, IFPR, MiFID, transaction reporting, insurance regulation, market abuse, takeover panel rules, short selling, AML, CASS, SMCR, Consumer Duty, new products and services, joint ventures, target operating models, compliance issues and the regulatory aspects of corporate and private equity transactions.
He was recognised as a “rising star” by the Legal 500 directory for 2020, and a “next generation partner” for 2021-2024.
Alastair has completed secondments to Barclays and the Financial Structuring team within Linklaters. Prior to training as a lawyer, Alastair worked in Compliance at J.P. Morgan.

Dr Awat Rahimi, Partner, Alpha FMC
Dr Awat Rahimi is a Partner in Alpha’s Risk and Compliance practice, where he leads the firm’s Prudential proposition. Prior to joining Alpha in November 2022, he spent five years at the FCA within the Prudential Specialists Department. During his time at the FCA, Dr Rahimi was instrumental in developing the regulatory benchmarks used to determine the capital firms must retain as part of their risk and harm assessments. Alongside assessing ICARAs and ICAAPs, his responsibilities included operational risk modelling and spearheading the FCA’s new prudential data strategy for firms under regulatory supervision.

Karen Cooper, Senior Associate, Financial Regulation Group, Linklaters
Karen is a Senior Associate in the Linklaters Financial Regulatory practice. She is responsible for horizon scanning in financial services regulation and regularly produces briefings and thought leadership in this space.
Karen has a depth of knowledge in relation to the UK and EU regulatory frameworks. She particularly focuses on changes to the regulation of wholesale financial markets, including how these interact across jurisdictions and markets. She closely follows and advises on changes arising from the UK Wholesale Markets Review, the EU’s MiFID II / MiFIR Review and proposals for the EU Retail Investment Strategy.
Karen’s other areas of expertise include the prudential regimes for UK and EU investment firms where she monitors and advises on emerging post-implementations issues, such as the FCA’s focus areas of wind-down planning and liquid assets requirements.
Karen is responsible for Linklaters’ internal and bespoke client training, Linklaters’ regulatory breakfast briefings and sellside roundtable series. She is also actively involved in working with trade associations to support them and their members in producing responses to developments in the Wholesale Markets space and detailed drafting suggestions for engagement with UK and EU regulators.

Kindly hosted by: 

Linklaters: Pioneering Legal Excellence in the Financial Sector

Linklaters is a leading global law firm that specializes in delivering exceptional legal solutions and strategic guidance to the world's foremost financial institutions, corporations, and governments. With a presence in over 20 countries and unrivalled expertise in financial services, Linklaters seamlessly navigates the complexities of the ever-evolving regulatory landscape.

At Linklaters, we are dedicated to fostering innovation and driving progress within the financial industry. Our team of seasoned lawyers and industry experts collaborate closely with clients to address their most pressing challenges, offering insightful counsel on compliance, risk management, transactions, and regulatory issues.

Linklaters: Trusted Partners in Legal Excellence

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