Today’s international & off-shore financial centres (IFCs) contain good and bad, from money launderers and tax evaders to long-term planners and legitimate but complex wholesale financiers. The rapidly changing trade and economic environment affects financial services and thus financial centres. Perhaps no sector is likely to undergo more change than that of IFCs. For years IFCs were presumed to trade on tax minimisation and secrecy. That presumption has been unfair on most of them for some time. IFCs are valued by many for providing stable long-term financial arrangements with regulatory simplicity. IFCs exist because on-shore regulators haven’t created sensible wholesale finance regulations and are subject to bouts of rapid regulatory change in response to domestic crises. This webinar is going to explore the many changes going on with an acknowledged expert and advocate for IFCs in their relationships with the UK.
Speaker: Mark Field is a former MP and FCO Minister who represented the prestigious central London constituency of the Cities of London and Westminster in the UK Parliament between June 2001 and November 2019. A graduate of St Edmund Hall, Oxford, he practised as a solicitor with Freshfields in the early 1990s and also set up, ran and sold two start-up businesses before embarking on a political career. He developed an in-depth and widely recognised expertise of the City, financial and professional services at home alongside leading for the UK government’s economic diplomacy in international energy strategy, cyber security and fintech/green finance during spells on the Intelligence and Security Committee, Chairman of the Conservatives’ International office and as an FCO Minister of State for Asia and the Pacific. Since leaving parliament he has embarked upon a portfolio career, which already includes roles as the non-executive Chairman to the Isle of Man based Capital International Bank; Chair of the Advisory Board to independent HE provider, the London School of Commerce, and Senior Advisor to the Cayman Island Government Office in London.
Wednesday, 02 September 2020
10:30 - 11:15 London Time