Global Regulatory Coherence Standing Committee
The IRSG plans to increase the UK’s FRPS sector’s influence on the global regulatory agenda. To maintain the coherence of global regulation the voice of business needs to be heard and the IRSG has decided to rebalance its work towards the international agenda and enhance its engagement.
Building on the IRSG report on ‘Global Regulatory Coherence within financial services’ (September 2018) the Standing Committee will make the case for an ongoing industry-led dialogue on the importance of global regulatory coherence. The Standing Committee will support the FRPS sector’s calls for the most effective form of regulatory coherence in global financial Markets, develop forward looking and industry centric recommendations to help shape the international agenda and to support UK engagement.
The Standing Committee will bring together representatives from cross-sectoral FRPS institutions and relevant trade bodies, to monitor and analyse global regulatory developments and make recommendations on industry engagement, where appropriate.
The Standing Committee’s outputs will be targeted and responsive to both the needs of industry and our policy and regulatory stakeholders.
Composition of the workstream:
The workstream is chaired by Gareth Murphy (Aberdeen Standard) and includes representatives from financial services firms, trade associations and the legal profession. The workstream includes representative from:
- Standard Life Aberdeen
- Allen & Overy
- Allianz Global Investors
- Deutche Bank
- Guernsey Finance
- Hogan Lovells
- Investment Association
- JP Morgan
- UK Finance