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SIU: can decisive progress be made with the current proposals?

Day 2 Afternoon

Thursday 26 March

Location :

ROOM 1

Speakers

Public Authoritiess
Alexandra Jour-Schroeder
Deputy Director-General and Acting Director, General Affairs - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Bertrand Dumont
Director General of the Treasury - Ministry of the Economy, Finance and Industrial and Digital Sovereignty, France
Markus Ferber
MEP - Committee on Economic and Monetary Affairs, European Parliament
Verena Ross
Chair - European Securities and Markets Authority (ESMA)
Industry Representativess
Carey Evans
Managing Director, Co-Head of EMEA Public Policy - BlackRock
Charles Bouffier
Director, OFI Invest - Aéma Groupe
David Wright
President - EUROFI
Katarina Kraljević
Board Member, Responsible for Retail, Retail Business Development, Direct Channels, and Digital Banking - Erste Bank Croatia
Stéphane Boujnah
Chief Executive Officer and Chairman of the Managing Board - Euronext

Objectives

Objectives

With most legislative initiatives under the SIU Strategy now proposed and in light of the European Council’s calls to accelerate implementation of phase 1 of the SIU as a key driver of EU competitiveness, this session will assess whether the current SIU package can generate decisive and tangible progress in the development and integration of EU capital markets, and under what conditions it can be implemented in a timely manner, building on the discussions held throughout the EUROFI Seminar on the different aspects of the SIU.

Points of discussion

  1. Strategy actions: can decisive progress be made with the current package?
    Can the current SIU package deliver a step-change in the growth, depth and integration of EU capital markets? Which measures are likely to be most impactful? Do important gaps or adjustment needs remain? 
  2.  Governance and implementation: is the proposed approach adequate to deliver the expected results?
    How can the hybrid implementation approach – combining EU-level initiatives with Member State implementation – best be leveraged to ensure effective, consistent and timely delivery of the SIU in line with the Council’s call to accelerate progress? In which areas could enhanced cooperation be most effective? Does the SIU governance and monitoring framework adequately mitigate the risks of fragmentation and loss of momentum and can it ensure implementation in line with the timelines set by the Council and the Commission? Are the proposed reforms to ESMA sufficiently ambitious to drive supervisory convergence and integration?