Bob Bischof was a speaker at the R3 conference 2015.
Here is an extract from the programme:
“The insolvency and restructuring profession must overcome significant challenges as we face up to the threat of unprecedented change.
new legislation in the UK, the drive for ‘harmonisation’ in Europe, the perceived attraction of US style Chapter 11 concepts, and much decreased levels of formal insolvency present the profession with real and present challenges. The nature of insolvency inherently dictates that the insolvency profession is frequently ‘under the spotlight’.
Although our profession is highly regulated, and the UK’s regime is one of the best in the world, we need always to bear in mind that we are under constant scrutiny from politicians, press and the public. The UK insolvency profession does an excellent job in delivering the best results for creditors and debtors, and we have got much better at communicating our value to those all-important stakeholders.
But there is more we can do. To achieve the status of a trusted profession we must demonstrate integrity in all we do. Adherence to the principles behind the rules is as important as adhering to the rules themselves. In the same way that company directors’ responsibilities have widened, insolvency practitioners should always remember that trust and confidence in the insolvency profession depends on their actions and behaviour, passing continually higher tests of performance.
All of these issues and much more will be discussed at the r3 annual conference”
Phillip Sykes, Baker Tilly
r3 President (April 2015)