The Future of Capital Markets in the European Union:
towards deeper integration?
Hosted by Pervenche Berès, MEP, S&D Coordinator & Member of the ECON Committee & Substitute Member of the ITRE and AFCO Committees
CFA Institute has the pleasure to invite you to a high-profile conference on The Future of Capital Markets in the European Union: towards deeper integration? on 6 June, in the European Parliament, Brussels.
Ten years after the outbreak of the financial crisis many issues in terms of financial regulation and supervision, which were identified in the early 2000s, have not yet been addressed. For instance, overlaps, duplications and inconsistences for some regulations or directives, and barriers on retail financial services across the EU are still present. In addition, the EU is and will be facing other challenges (and opportunities), such as the Britain’s exit from the Union, FinTech, the review of the European Supervisory Authorities, and the new initiatives on sustainable finance. These could be the key drivers for more integrated and harmonised EU capital markets.
Hear from EU policymakers, national regulators, senior academics, and industry participantss about their respective viewpoints, ideas, and potential solutions on the future of capital markets in the EU and whether it is the right time to be more ambitious and seek more harmonisation in financial regulation and supervision at European level.
Discussion topics include :
• Brexit and Fintech: how will these two game changers affect the financial services sector in the EU?
• How will the plans for CMU be affected by Brexit? Can CMU become a more ambitious initiative? How has the Brexit process affected the proposal on the review of the ESAs?
• ESAs review: is it the right moment to have a single supervisor on capital markets in the EU? Should this process be built in more steps (considering the next review in 2020)?
• Capital Markets Union: can the EU be a financial markets union or a group of different financial markets?
• Central and Eastern Europe: Which are the main regulatory and supervisory issues that slow the development of Central and Eastern European capital markets?
• Sustainable finance: In light of the recent ambitious Action Plan by the European Commission, how would this approach position the EU capital markets globally?
-Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA)
-Esther Wandel, Head of the Investment Funds Unit, Federal Ministry of Finance, Germany
-Carmine Di Noia, Commissioner CONSOB, Italian financial markets authority
-Pervenche Berès, MEP (hosting the event)
-Sirpa Pietikäinen, MEP
-Wolf Klinz, MEP
-Guillaume Prache, Managing Director of Better Finance
-Peter De Proft, Director General, EFAMA
-Daniel Dăianu, Member of the Board, National Central Bank of Romania