On 16 April MBM Commercial hosted a conference at the Merchants Hall in Edinburgh on the changing banking landscape. The event brought together experts and leaders from business, the legal, banking, academic and accountancy professions to discuss how banks and their relationships with customers have changed since the 2008 financial crisis. The event was reported in the press here.
Roddy Dunlop QC of Axiom Advocates spoke about the recent Supreme Court case of RBS v Carlyle, in which MBM was instructed, and how it provided a useful case study of how things had gone wrong following the crisis. Roddy also reflected on the differing attitudes of different UK courts to banking behaviour.
Roddy was followed by Parker Hood, lecturer in commercial law at the University of Edinburgh who spoke about upcoming changes to banking regulation. The effects of tightened regulation and the pressures facing UK banks were further explored by Derek Weir, non-executive director of the Co-operative Bank. Derek drew on a wealth of banking experience and contrasted the “good old days” of easy credit withthe current climate of banks wishing to hold as much capital as possible while at the same time being encouraged to lend to small and medium sized businesses.
Later in the morning Stewart Thom, Customer Security Business Partner at the Royal Bank of Scotland gave a fascinating talk on the dangers of online banking fraud. Stewart’s talk focused on how the multitude of information we keep and post online about ourselves and organisations we work for can be obtained and used by fraudsters in increasingly complex and scams.
The final speaker of the day was Fraser Lusty of LendingCrowd who ended the conference by discussing how businesses and investors could benefit from moving away from banks as a source of finance by seeking investment from numerous peer to peer and crowdfunding networks.