As I said, concluding a new trading relationship will be a major challenge in 2020. Other challenges go far beyond the 2020 horizon, and also transcend the future trade relationship between the EU and the UK: Tackling climate change is one of the key challenges of our lifetimes. This will be the second key theme of today’s conference.
This task is becoming all the more important, as the industry grows and internationalizes. Today’s panel on alternative regulatory structures is a pertinent one, given the need for effective supervision to underpin a healthy Islamic financial services industry, as well as the development in recent years of new regulatory organizations in the GCC.