FRC conference speeches

News types: Speeches

Published: 17 July 2014

PN 42/14
This morning Sir Win Bischoff spoke at the Financial Reporting Council's inaugural conference: 'Long-termism, stewardship and growth: are markets meeting the challenge?'
The conference addressed how capital markets are, or are not, fostering long-term investment and questioned whether investors are part of the problem or the solution. The debates addressed whether the UK’s regulatory system is conducive to a flourishing market for risk capital whose dynamic channels funds with economic efficiency. The conference addressed the role of equity today and its future, and covered issues of trust and governance of UK companies.

Sir Win's speech can be found here: Speech by Sir Winfried Bischoff at FRC Conference - 17 July 2014  (PDF)

Sir Jon Cunliffe, Deputy Governor of the Bank of England gave the conference keynote speech on 'The role of the leverage ratio and the need to monitor risks outside the regulated banking sector'. His speech can be found here: www.bankofengland.co.uk (PDF)

Jacqueline Minor, Head of the European Commission Representation in the UK, in her session 'The European Perspective: Long Term Finance' took the audience through what’s on the horizon in Brussels and where the EC is with the EU long-term financing directive. Her speech can be found here: 'The European Perspective' Speech by Jacqueline Minor (PDF).

The final address came from Harriet Green, CEO of Thomas Cook Group who shared her experience of turning around a company hit hard by the crisis into a flourishing FTSE 250 organisation that has returned to profit by looking at long-term growth. Read her speech here: Speech by Harriet Green at FRC Conference (PDF)

Notes to editors:
The FRC is responsible for promoting high quality corporate governance and reporting to foster investment.  We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work.  We represent UK interests in international standard-setting.  We also monitor and take action to promote the quality of corporate reporting and auditing.  We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.

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