The morning session during day two (Wednesday 23 March) covered regulation and technology. This included a compelling story from Edith Magyarics, now at PWC, who recounted a cyberattack at a previous employer that illustrated how, she said, “you are never prepared” fully for a massive IT hack despite your best efforts. Magyarics commented that “it’s everyone’s responsibility to understand cybersecurity... at every level” of the organisation.
The morning session likewise featured a pair of panels on cryptocurrency funds and tokenisation.
In a recorded address, Mairead McGuinness, the European financial services commissioner, made the case for the reform of investment fund delegation rules, which are widely used by Luxembourg-domiciled investment funds. Camille Thommes, Alfi’s director general, said in comments made prior to McGuinness’s speech that the “concept of delegation is tried and tested” and it ensures “access to excellence”.
The afternoon session looked at the talent gap and emerging fintech solutions.