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Asset management and the MISP

Asset management and the MISP

Thursday 17 September

Location :

ROOM 1

Speakers

Public Authoritiess
Natasha Cazenave
Executive Director - European Securities and Markets Authority (ESMA)
Jérôme Reboul
Managing Director, Regulatory Policy and International Affairs - Autorité des Marchés Financiers (AMF)
Martina Tambucci
Head of the International Relations Office - Commissione Nazionale per le Società e la Borsa (CONSOB)
Marco Zwick
Executive Board and Director of UCI Department - Commission de Surveillance du Secteur Financier (CSSF)
Industry Representativess
Stéphane Janin
Co-Head of Global Regulatory Developments and Public Affairs - BNP Paribas Asset Management
Adrian Mulryan
Chief Executive Officer - Invesco Investment Management Limited
Susan Revell
EMEA General Counsel & Global Head of Trading Legal - BlackRock
Samantha Ricciardi
Head of EMEA - Fidelity International

Session overview

This session will assess whether the MISP asset management measures can meaningfully reduce fragmentation and support a more competitive EU fund market, and whether the proposed supervisory framework and implementation approach are sufficiently effective, workable and proportionate to deliver these benefits.

Points of discussion

1. Expected impact of the MISP asset management proposals and pending issues

Are the MISP asset management regulatory proposals likely to deliver a meaningful reduction of fragmentation and support a more competitive EU fund market? Which measures are likely to have the greatest impact? What are the challenges raised by these proposals? What issues still need to be clarified or adjusted to make the framework workable and ensure that it supports cross-border activity without creating additional complexity or costs?

2. Supervisory aspects and implementation approach

Can ESMA’s proposed review of large asset management groups strengthen supervisory convergence without creating duplication? What supervisory architecture and cooperation arrangements are needed to support effective implementation and avoid duplication? Should implementation of the MISP asset management measures be sequenced and made more proportionate for different types of managers and funds?