Euro IRP

Member Discussion Group - Getting back to the office post lockdown
2020-06-17 15:00 - 16:00 UTC | Online Member Event
We know that many of our members have been faced with operational challenges managing their independent research businesses during the COVID lockdown. Traditional office based teams have adapted to remote working business models, enabling them to continue publishing their insights and research to clients at a time when it is most needed.
As new cases of the virus are beginning to decline in many countries, respective Governments are beginning to ease lockdown measures and transition to a “new normal”.
Thoughts are now turning to reopening offices and the measures needed to provide COVID-safe environments for staff. Many of our members are now grappling with such operational issues, and whilst the situation in each member country will differ, the challenges of when and how offices can open are the same. We believe there is strength in our collective experience and our aim is to bring members together to discuss these issues.
We would therefore like to host our first Euro IRP Discussion Group, via Zoom, on Wednesday 17 June, at 3pm (BST).
The Discussion Group will be hosted by AlphaValue using Zoom and will be open to all members. Tim Parker, Euro IRP Executive Director, will be chairing the meeting, which has been specifically designed to allow members to discuss their approach to, and decisions about, reopening their offices. Whilst the conversation may focus on key themes such as employee engagement programmes, communication strategies and risk management, we are proposing to offer this meeting without a fixed agenda to promote open and collaborative discussion.
Tim Parker will open the Discussion Group by introducing three Euro IRP members: Julia Ashworth, COO + CFO, Arete from London; Pierre-Yves Gauthier, Founding Partner, AlphaValue from Paris; and Jason Glazer, COO, Cornerstone Macro from New York, and will ask them to share their experiences, thoughts and concerns about the challenges they are currently facing. We hope this “Three Cities Viewpoint” will provide three unique insights into how individual members are approaching the challenges of post lockdown business life and help to open up the Discussion Group to the wider membership, enabling us to discuss shared concerns and common themes. We would stress that this is an open discussion session, and not a Q&A meeting, but if you have particular topics you would like to be discussed, then please let us know ahead of the meeting.

Unbundling Uncovered USA Conference 2020
2020-06-24 13:00 - 18:00 | Online Conference
Due to the COVID-19 pandemic, the Substantive Research Unbundling Uncovered conference, due to have taken place in New York this month has had to be, understandably, postponed.
We understand that Mike Carrodus and his team hope to return to The Metropolitan Club on 5 October 2020, and has kindly extended the offer of two complimentary passes to each Euro IRP member firm who would like to attend this New York conference in October. Members can put this date in their diaries by way of a “save the date” and we will ensure that you are kept up to date on news from Substantive Research later in the year, and how you can secure your tickets, if the conference can take place.
In the meantime the Substantive Research have been adapting to a changing landscape and will be hosting their first virtual Substantive Research conference next Wednesday, 24 June.
As Mike Carrodus advises … “There have already been dramatic changes in supply and demand in the last 3 years driven by regulatory and industry trends, with asset managers globally having adopted rigorous and transparent research valuation and budgeting processes. This transformation has created challenges, and both buyside and sellside are navigating a market that is in the process of clearing for price whilst simultaneously dealing with the fallout from COVID-19. Discussion panels will cover global best practices in research management, research valuation and budgeting, providers’ business models and how they are adapting during the crisis, and corporate access post-COVID-19.”
As many of our members are aware, these conference, both in London and New York, attracted over 400 participants last year, providing Euro IRP and its members an opportunity to attend a day of high quality debate and analysis. We are very much looking forward to returning to Substantive Research’s conference in London on 10 November 2020, but in the meantime our members can take this opportunity to register for free for next Wednesday’s online conference.
To find out more about next week’s conference, including a full agenda, with timings and discussion panel information, go to https://unbundlinguncovered.vfairs.com/
Members can registered free by clicking the REGISTER button at the top of the page and completing their personal details and choosing “IRP” from the Attendee Type drop down box. Any members experiencing problems registering can write to Mike Carrodus at info@substantiveresearch.com

Neil Scarth Presentation – Exclusive to Euro IRP Members
2020-06-25 16:00 - 17:00 | Online Member Event
EURO IRP SPECIAL WEBINAR PRESENTATION BY NEIL SCARTH
RESEARCH SPEND AND TRANSATLANTIC REGULATORY DIVERGENCE – WHAT HAPPENS NEXT?
We are very pleased to welcome Neil Scarth to talk to our members, via our first Euro IRP Webinar, about his latest research spending database findings and the implications of both the COVID-19 crisis and regulatory divergence on the global research market and for IRPs in particular.
Neil Scarth is the founding partner of Frost Consulting and a leading authority on the global investment research procurement value chain. Neil’s reputation is well known within the investment research community and we are sure all members will value this opportunity to share his unique insights.
Our Webinar will be hosted by Chris Deavin, Chair, and start at 4pm (London) and last for approx 45 mins, including a Q&A session following the main presentation.
Webinar Agenda:

Research Spending database Results
Frost EvercoreISI Trans-Atlantic Research Spending/Performance Report
Impact of COVID-19 on research budgets going forward
Transatlantic Regulatory Considerations – US/UK/EU
Implications of Regulatory Divergence
What IRPs Can Do?

– Resource Allocation
– Further Advocacy – in conjunction with other industry participants/regulators/ governments?
– ESG – A Green Way Forward?

Exclusive Euro IRP Members Event - Advance Results of the 2020 Members' Study
2020-07-27 15:00 - 16:00 | Online Member Event
We were delighted to launch, last month, our Annual Members Survey, now in its fourth year, the primary aim of which is to capture valuable data about the independent research sector and our membership, highlighting the key questions and issues faced in their businesses today, to generate valuable trend data. At this critical time for our industry, with the backdrop of COVID and with Brexit on the horizon, this year’s survey has never been more important to capture the sentiment of our members.
We are hosting this online event, on Monday 27 July, exclusively for our members with Steve Kelly, who will be sharing the first insights into the report’s findings, importantly before it’s publication in early August. Sadly, due to COVID-19 we are still unable to host meetings at The Brand Exchange, but we are very much looking forward to welcoming our Members to an online presentation, hosted via Zoom, and will comprise of a presentation by Steve Kelly, followed by a Q&A session regarding the survey’s outputs.
We have decided to host this event via a Zoom Call, and not a Zoom Webinar, to enable interaction between Steve Kelly and our members during the Q&A session. Whilst we have been using Webinar platforms for more formal presentations, we feel that this medium is more suited to external presenters with written Q&A with our members, whilst a Zoom Call will allow a more personal Q&A when we are presenting to you all.
Members will still need to RSVP to this invitation to receive a link to join Zoom and password to join the presentation. Once you have RSVP’d you will receive a confirmation of your place and 24 hours before the event you will be sent your login to join the call.
As in previous years we have asked Steve Kelly to prepare a full report, with analysis of the survey findings, a copy of which will be available in early August to all our Euro IRP Members. The final published report is shared with the press, media, other financial institutions, and importantly the regulators, as they continue to put research pricing under close scrutiny in 2020. The annual survey is not only an initiative to raise the profile of independent research, but also a valuable tool to continue to collect evidence to support our genuine concerns on unfair competition, and the aggressive practices of the investment banks. Euro IRP remains the recognised voice of the independent research sector by the regulators, and our Euro IRP Members Survey is quickly becoming established as a vital source of information, especially in light of the regulators wanting more “real” data on the market.
We would like to take this opportunity to thank all our members who have taken part in our survey this year and supported us with this important initiative. Without your support our annual Study is simply not possible. Thank you.

Roundtable Discussion with FCA on SME Research
2020-08-24 14:00 - 15:00 | Online Member Event
The Financial Conduct Authority (FCA) has asked Euro IRP for a roundtable discussion meeting on SME Research, and is open and keen to hear the views from Euro IRP members. The meeting will be held on Monday, 24 August starting at 2pm (London time), and should probably last for 60-90 minutes. It will, of course, be a virtual meeting – on Microsoft Teams. If you would like to join this meeting, please let Sue Westwood and/or Steve know, and we will provide the link to you.
This meeting has been initiated by the FCA, and will be hosted and led by them. Euro IRP had one of our regular discussions with the FCA a few weeks ago, as part of our ongoing dialogue, and it’s a clear sign of how much the FCA sees Euro IRP as the voice of independent research providers, that they have now reached out again to us to directly collect views and feedback from Euro IRP member firms. This invitation is open to all Euro IRP members, but clearly as the outline agenda shows below, the focus of the discussion is entirely on the question of SME research. Euro IRP issued a Regulatory Update on 24 July outlining the European Commission’s proposals, with a further update in our July Bulletin published on 31 July to all our members.
Euro IRP will circulate a brief summary of the discussion after the meeting, for those members interested, who are unable to join on the day.
The agenda from the FCA is as follows –

Introductions
FCA overview of policy thinking on possible options to encourage SME research
Discussion on Euro IRP and members’ views on the value of SME research
Preliminary thoughts on the European Commission’s quick fix proposals for SME research
AOB

Euro IRP AGM + Special Panel Discussion
2020-09-24 15:00 - 18:00 | Online Member Event
NOTICE OF 2020 ANNUAL GENERAL MEETING
The Annual General Meeting of The European Association of Independent Research Providers Limited (Euro IRP) will be held on Thursday 24 September 2020
Due to COVID-19 The European Association of Independent Research Providers Limited will host the 2020 Annual General Meeting online, to comply with social distancing guidelines. All Euro IRP members will be sent formal notice of the 2020 AGM. Euro IRP Members must RSVP to this notice no later than Monday 21 September 2020.All Euro IRP members attending the AGM must be pre-registered to enable authorised access to the AGM.
Draft Agenda
3.00pm-3.30pm (BST) Welcome to the online Members’ Networking Suite
3.30pm-4.15pm (BST) Annual General Meeting
4.30pm-5.30pm (BST) Special Members’ Panel Discussion
RSVP Required by Monday 21 September 2020
Following the postponement of our AGM in April, we are delighted to be able to formally announce our 2020 Annual General Meeting will be held on Thursday 24 September, 2020 at 3pm (BST).
We will be hosting the 2020 AGM, for the first time, online in a virtual meeting space. We hope this, our first virtual AGM, will offer access to all the membership, networking opportunities, engagement with other members and the Executive, as well as participation in our special panel discussion. The AGM is our pivotal meeting in the membership’s events calendar and encourage all our members to attend.
For Euro IRP to be able to host the meeting securely online, we will require all members to respond to our notice no later than Monday 21 September 2020. All members attending the AGM will need to be pre-registered for this event, with a profile and password, to access the platform on 24 September.
Our theme for the 2019 AGM was “The Future, a time for change” and little did we know what change would be upon us in 2020. The industry has faced MiFID II, Brexit and now COVID to challenge us and Chris Deavin will be taking the opportunity to share his thoughts of the last 18 months including the recently published Members’ Survey Report, as he prepares to hand over the role of Euro IRP Chair this year. We will be welcoming Julia Ashworth and Pierre-Yves Gauthier as new Co-Chairs for 2020, and together they will share their vision for the future. We will leave time for an open Members Discussion with both Julia and Pierre-Yves at the end of the AGM. Members will require camera and microphone to be able to join the AGM and engage with other members and the Executive during the event.
Following our AGM, Chris Deavin will be chairing a special AGM Panel Discussion, as planned in April. We are delighted to be able to welcome our original guest panel speakers to discuss with Euro IRP their unique perspectives on the industry. All members who register for our AGM will have access to this special panel discussion.
Guest panel speakers:
– Bashar AL-Rehany (BCA Research)
– Travis Barker (HSBC Global AM)
– Edward Blad (Independent Research Forum)
– Mike Carrodus (Substantive Research)
We look forward to seeing our members at the Euro IRP 2020 AGM this year.

Unbundling Uncovered 2.0 Conference 2020 - Substantive Research
2020-10-20 12:00 - 18:00 | Online Conference
700+ attendees joined Substantive Research’s first online conference in June 2020 to debate the key implications of the regulatory and COVID-driven virtual environment on US and European research markets.

On 20 October the Substantive Research team will return for their second Unbundling Uncovered 2.0 online conference, bringing together the investment research industry to discuss topics ranging from research valuation mismatches driven by virtual interactions and the buyside’s move to greater independence in corporate access to the the changes to MiFIDII and defining best practices for investment research procurement.

Euro IRP are delighted to be joining the conference this Autumn by taking part in the first Panel Discussion of the conference, Dealing with Multiple Regulatory Approaches to Research, moderated by Neil Scarth, Principal, Frost Consulting (1.25-2.15 BST)

Whilst we can not attend conferences in person this year, as we had hoped, we are looking forward to being a sponsor at the Unbundling Uncovered 2.0 online Conference, and having a voice on the panel discussion as well as being present via our exhibition “stand” on Substantive Research’s new conference platform.

We are incredibly grateful to Mike Carrodus, Founder & CEO, Substantive Research, for extending two complimentary tickets per member firm for this online event. If you and/or members of your team would like to attend, please could their names be emailed directly to Alysson at Substantive Research at alysson@substantiveresearch.com ensuring that “Euro IRP MEMBER” is in the subject title line to ensure members qualify for these free tickets.

Following the success of the June event, this follow up conference is set to attract in excess of 700 attendees, for an afternoon of high quality debate and analysis, across five discussion panels, featuring key speakers from the investment research industry. We very much hope all our members will have an opportunity to attend.

Substantive Research’s new conference platform will provide a unique opportunity to network with sponsors, panel speakers and other attendees as well as meet one-on-one during the conference.

Special Members Meeting and Regulatory Panel Discussion
2020-11-09 | Online Member Event
SAVE THE DATE
Euro IRP will be hosting a special members-only meeting on Monday 9 November 2020 with a panel discussion led by Euro IRP with guest speakers from The Financial Conduct Authority (UK regulator), the AMF (French regulator) and the buyside.
We are grateful to Mhairi Jackson, FCA, who having attended our panel discussion last February, for taking part in this special panel discussion next month alongside her colleagues from the AMF.
This special member event is the rescheduled 23 March 2020 regulators meeting and will now take place on Monday 9 November 2020 exclusively online (to comply with COVID social distancing guidance). Further details of this special event will be released in October when we will be announcing our full panel of speakers, together with a formal invitation. Please note that this event is strictly by invitation only.
We look forward very much to seeing all our membership firms represented at this special event and will be offering more than one place per member to ensure your wider teams are able to attend.
If you would like to ensure that your place at this event is secured today, please write to sue.westwood@euroirp.com, with the name, or names, of those that wish to attend with their full job title and email address.
