Joint CBR-3CL Seminar: 'Robo-Advisers and the Legal Duties of their Providers'

Speaker: Professor Mihoko Sumida from the School of Law, Hitotsubashi University, Tokyo

This is a joint seminar between The Centre for Business Research (CBR) and the Centre for Corporate and Commercial Law (3CL).

Abstract

In Japan a report of the Financial Service Agency suggesting that the average couple would need a fund of 20 million Yen to support their post-retirement income created sensational headlines this June. One of its effects has been renewed interest on the part of the general public in asset management. This reflects a longer term trend ‘from savings to investment’ in attitudes towards pension provision. Meanwhile, ‘Robo-Advice’ in Japan has spread rapidly since its first appearance in 2015. Professor Sumida’s talk will address the following questions: (i) what happens when a human investment adviser is replaced by an automated service (‘robo-advice’); and (ii) how should the legal framework of financial regulation and civil liability be changed to accommodate such a development?

Lunch will be served from noon.

Please email rw239@cam.ac.uk in order to confirm your attendance together with any dietary requirements.