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The Influencers 2019

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IFLR's editorial team provides a rundown of the most influential individuals, organisations, geopolitical events and trends in financial regulation in 2019

METHODOLOGY

The people, organisations, events and objects in IFLR's influencer edition represent the choices of the IFLR and Practice Insight editorial teams, who over the past few months have deliberated at length over who or what they think will have the biggest impact on financial regulation over the next year.

There was no submissions process; just editorial decisions made on the basis of the two publications' coverage over the past year. Feel free to disagree with us, and to let us know at elizabeth.meager@euromoneyplc.com

Since ranking Brexit against climate change or Donald Trump's administration seemed nigh-on impossible, the list is in alphabetical order. 

It's hard to overestimate the transformative effect regulation has had on financial markets in the past decade. From trading infrastructure to derivatives clearing to human behaviour, policymakers have spent the 10 years since the crisis getting as creative as possible with how they police, oversee and supervise the industry. Market participants constantly condemn the swathe of post-crisis rules, complaining they are wildly inconsistent, contradictory, damaging to economic stability, and much of the time, just outright confusing.

In more recent years, policymakers across the globe have spoken of the need to take a step back and review the impact of the various rules before legislating further. That's not quite happened yet – there's still plenty of rules yet to come, from European securities financing to global margin requirements – but it does represent a subtle shift in sentiment.

In any event, one thing is clear: regulation is not going anywhere. Another decade from now, it may not look exactly as it does today – capital requirements may be at different levels, and technology is bound to feature ever more heavily – but the fundamentals are there, and there's no going back. No matter how much some bankers wish they could.

And while policy is fundamentally driven by policymakers, who of course feature heavily in the following pages, there are myriad other factors at play; from political events to emerging technologies to rising sea levels.

This feature is a collaboration between IFLR and our sister publication Practice Insight, which takes a deep dive into capital market rules and analyses how financial institutions are implementing them. For more information on the service, get in touch or go to iflrinsight.com.

This is a new type of feature for us. We hope you enjoy it.

By John Crabb, Jimmie Franklin, Thomas Helm, Karry Lai and Lizzie Meager

Contents

Ashley Alder, chief executive officer, Securities and Futures Commission, Hong Kong

The Alternative Reference Rates Committee

Blockchain

Brexit

Climate change

Joanna Cound, head of EMEA government relations, BlackRock

Jamie Dimon, chief executive officer, JPMorgan

Dodd-Frank Act

European Securities and Markets Authority

UK Financial Conduct Authority

Financial crisis 2008/2009

Christopher Giancarlo, chairman, Commodity Futures Trading Commission

Rebecca Healey, head of EMEA market structure & strategy, Liquidnet

International Swaps and Derivatives Association

Rachel Kent, head of financial services regulation, Hogan Lovells

Owen Lysak, partner, Clifford Chance

Sopnendu Mohanty, chief fintech officer, Monetary Authority of Singapore

Guo Shuqing, chairman, China Banking and Insurance Regulatory Commission

Yuta Takanashi, deputy director for fintech and innovation, Financial Services Agency, Japan

Donald Trump's administration

US Senator Elizabeth Warren

US Congresswoman Maxine Waters