Investing in banks under uncertainty (Fully Booked)
Mon 09 Sep 13 at Allen Overy, London

Venue sponsored by:
Allen Overy

The developing regulatory regime makes it difficult to value banks. How much capital will they be required to hold? What form should that capital take? What is the PRA looking for from UK banks? Investors that can interpret the potential regulatory regime well have the opportunity to identify value. CFA UK is pleased to provide members with access to two experts on this subject: Bob Penn, partner at Allan & Overy, and James Clunie, CFA, manager of Jupiter’s Absolute Return Fund.

Following their presentations, we will be asking Bob and James to join us for a conversation on the future of regulation and its impact on the investability of the banking sector.

The event will be moderated by William Wright.

William was editor of Financial News between 2004 and 2011 and joined Financial News in March 1996 as part of the original launch team, and was based in Paris between 1999 and 2001. Since 2011 he has returned to writing about the industry and publishing his own bespoke research.

Bob Penn
Partner, Allen & Overy

Bob regularly advises on a variety of financial services matters, including bank regulation, securities and derivatives regulation, exchange, trading system and other market infrastructure regulation. Recently he has led the firm's substantial work on the European financial services reform agenda, including revisions to the Basel Accord, the introduction of recovery and resolution plans and derivatives reform and has lectured extensively to the leading financial institutions on these topics. Bob is the author of two chapters in the Oxford University Press publication on Financial Markets and Exchanges Law, covering UK recognised investment exchanges and clearing houses and alternative trading systems respectively.

His recent experience includes advising:

  • on drafting Recovery and Resolution Plans for UK, European, Canadian and Asian banks;
  • on regulatory capital driven transactions for global financial institutions; and
  • on the drafting of comprehensive securities regulatory systems in the Middle East.

Bob has recently given evidence to the UK Parliamentary Commission on Banking Standards in relation to proposals for the ring-fencing of retail banking activities in the UK. He sits on the IIF Special Committee on Effective Regulation and the BBA High Level Group on Financial Stability.

James Clunie
Manager, Jupiter Absolute Return Fund

James joined Jupiter in 2013 and will take over the management of the Jupiter Absolute Return Fund (Unit Trust) from 1 September 2013. James has developed a strong reputation for managing absolute return strategies. Prior to joining Jupiter, James worked at Scottish Widows Investment Partnership as an Investment Director of equities, and managed a long/short equity fund and UK long-only funds. He was a senior lecturer in finance at the University of Edinburgh between 2003 and 2007, prior to which he worked as Head of Global Equities at Aberdeen Asset Management and Director & Head of Asset Allocation at Murray Johnstone International. James gained a degree and PhD from Edinburgh University and is a Chartered Financial Analyst.

When and where?

Monday 09 September 13

Registration: 17:30
Event: 18:00 - 19:30

Allen Overy, 1 Bishops Square, London E1 6AD
View map | View directions

Nearest tube station
Liverpool Street
TFL journey planner

Member - £0
Non-member - £50

This is eligible for 1 CPD hour