Jillien Flores of the Managed Funds Association on how rulemakers can best rethink overly-onerous regulations for alternative asset managers, and the "misguided" policies they should avoid
Today’s guest calls on regulators and policymakers to stop seeking to regulate alternative asset managers like they’re banks.
She details how policymakers can best rethink the regulatory framework for the non-bank sector to benefit not only alternative asset managers but also the financial sector more broadly.
And she explains how a push to harmonise the rulebooks between competing financial hub could also help with a broader push to bolster jurisdictional competitiveness.
Jillien Flores is a regulatory affairs specialist whose 17-year career includes seven years at government relations firm Porterfield, Lowenthal, Fettig & Sears where she helped to shape several of the US’s landmark regulatory response to the 2008 financial crisis, including the Dodd-Frank Wall Street Reform
She spent six years advocating on regulatory issues for asset manager Vanguard before leaving in 2021 to join the Managed Funds Association, a trade group representing the world's biggest hedge funds, where she now serves as Chief Advocacy Officer.
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Short on time? You can read the episode highlights on the FT's Banking, Risk and Regulation
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32:48
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32:48
Edwin Schooling Latter, ex-FCA regulator now Mizuho's UK compliance head, on the reforms that could unlock "big savings" and the lessons we missed from recent failures of major financial institutions
Today’s guest pinpoints the “very technical” but overly complex regulatory requirements underpinning financial markets that he believes regulators could rethink to generate “big savings” for both themselves and the market participants they oversee.
He discusses the lessons he would like to see industry players take on board and the changes he believes policymakers should consider in their efforts to prevent a repeat of recent high-profile failures including the collapse of Swiss lender Credit Suisse and family office Archegos.
And he should know. Because Edwin Schooling Latter’s career not only includes just over a decade overseeing critical aspects of wholesale market policy and supervision on behalf of the Bank of England and the Financial Conduct Authority but also eight months as Credit Suisse’s primary relationship manager with the Prudential Regulation Authority and the FCA during the bank’s collapse.
He spent a year as senior international policy adviser at UBS, following its acquisition of Credit Suisse, before joining Japanese bank Mizuho in late 2024 as its UK head of compliance.
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Short on time? You can read the episode highlights on the FT's Banking, Risk and Regulation
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41:25
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41:25
ESMA chair Verena Ross on her to-do list for 2025, simplifying the EU financial rulebook, and life at the helm of the watchdog
Today’s guest discusses the European Securities and Markets Authority’s to-do list for 2025, and she explains the regulator’s priorities as it responds to an EU-wide effort to simplify the bloc’s rulebook.
She outlines ESMA’s expectations of market participants subject to its landmark reforms on digital operational resilience and crypto-assets and she details how she plans to make sure both regimes are implemented in as effective a way as possible.
She also opens up about life at the helm of the EU watchdog, her strategies for navigating “difficult market periods” and plenty more besides.
Verena Ross’s 30-year career includes roles helping to shape various aspects of financial services policy at regulators including the Bank of England and FCA predecessor the Financial Services Authority. She joined ESMA in 2011 and has been the organisation’s chair since November 2021.
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Short on time? You can read the episode highlights on the FT's Banking, Risk and Regulation
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44:51
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44:51
Capstone's Mathew Gilbert on navigating Trump 2.0, and the regulatory changes needed to drive "tangible" growth in the UK and EU
Today’s guest outlines how he expects financial services regulators in the UK and European Union to react to President Trump’s increasingly erratic policymaking.
He details the regulatory changes he believes are needed to ensure the UK government achieves its growth mission and he highlights what Brussels must get right if the EU is serious about remaining globally competitive.
He also explains why it is imperative that governments — from London to Washington — pay close attention to the quiet storm building in global bond markets.
Mathew Gilbert brings two decades of experience to this conversation, including roles at hedge fund Abaco Asset Management and boutique investment bank KBW. Since 2016, he has led government policy and regulatory strategy firm Capstone’s European operations from London, advising financial institutions’ C-suites, and investors navigating today’s fast-evolving regulatory landscape.
Short on time? You can read the episode highlights on the FT's Banking, Risk and Regulation...
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27:05
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27:05
Governance expert Vera Cherepanova on why ethics and compliance professionals need a more influential voice in the boardroom, and the obstacles standing in their way
Today’s guest is on a mission to bring ethics and compliance to the top table.
She explains why ethics and compliance professionals should be given a seat in the boardroom and what’s stopping them from getting there.
She also discusses how businesses and their compliance executives can best navigate today’s increasingly fragmented regulatory environment, and she shares practical steps boards can take to embrace ESG and DEI principles amidst ongoing backlash without getting caught in the crossfire.
Vera Cherepanova has spent two decades working in audit, compliance, and ethics, including roles at global professional services firm EY and as an independent adviser to companies worldwide. Since 2024, she has worked as the executive director of Boards of the Future, a nonprofit working with boards, professionals, and investors in the US, UK, and EU to ensure ethics, compliance, and risk experts have a voice in corporate governance.
Short on time? You can read the episode highlights on the FT's Banking, Risk and Regulation...
An insider’s guide to the laws dictating life within UK and EU financial services, the people influencing their development and policing finance workers’ compliance
Ireland