Vernon Hill lecture: Competition in the Banking Sector

Speaker: Vernon Hill

Date: Tuesday 21 May 2013

Time: 06:30pm - 08:30pm


Location: Harvey Goodwin Suite, Church House, Dean's Yard, SW1P 3NZ

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Vernon Hill is Chairman and founder of Metro Bank UK which, when launched in 2010, was the first high-street bank to open in the United Kingdom for more than 100 years. Mr Hill advocates a business development strategy based on organic growth rather than acquisition, and by generating customer loyalty through service rather than price. He is often credited with reinventing American banking.

In his talk Mr Hill will focus on introducing more competition into the banking sector. He argues that there are two banking systems, the normal one and the ‘shadow banking system’, the latter of which is to blame for the financial crisis. Normal banks serve standard businesses and consumers while shadow banks fund the money markets and engage in high-risk activities like credit default swaps.

The talk will be preceded by a drinks reception and followed by a Q&A session, and there will be opportunity to speak to Mr Hill in person afterwards.

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