The past, the present and the future of the regulatory landscape: a personal perspective
The regulatory landscape is undergoing considerable changes worldwide. The 2007-2009 Financial Crisis brought into question several aspects of regulation for banking, the so-called Basel guidelines. At the same time, demographic and economic developments (e.g. longevity, low interest rates) are causing major problems to the insurance industry, and this mainly, but not exclusively, for life insurance. These developments very much interact with the Solvency guidelines. Added to these we do witness important changes to society at large, partly driven by information technology. Besides the obvious social and political changes experienced worldwide, we should add more technologically driven ones like network vulnerability and systemic risk, new products, large data, FinTech, block-chain technology, cyber security. These developments will no doubt have a considerable impact on the financial and insurance industry and this both at the business as well as at the regulatory level. In this talk Paul Embrechts will discuss some of the underlying issues from a more personal perspective as a researcher in Quantitative Risk Management.
Registration from 15:30. Parkings are available near the NBB (e.g. Q-Park Pacheco)