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Capital market supervision and regulatory simplification

Thursday 17 September

Location :

ROOM 1

Speakers

Public Authoritiess
Marie-Anne Barbat-Layani
Chair - Autorité des Marchés Financiers (AMF)
Mark Branson
President & Member of the Supervisory Board, SSM - Federal Financial Supervisory Authority, Germany (BaFin)
Urška Cvelbar
Director General, Financial System Department - Ministry of Finance, Slovenia
Dušan Hradil
Department Director, Financial Markets - Ministry of Finance, Czech Republic
Joe McHale
Head of International Government Affairs & Regulatory Strategy - Bloomberg
Verena Ross
Chair - European Securities and Markets Authority (ESMA)
Industry Representativess
Jakub Michalik
Chief Policy Officer & Member of the Executive Committee - Euronext
Corentine Poilvet-Clediere
Chief Executive Officer, LCH SA, France Country Head, LSEG - LSEG

Session overview

As the MISP package moves towards the final phase of negotiation, this session will examine the main pending issues regarding the proposals to strengthen capital-market supervision and simplify regulation, and the clarifications needed to make them effective, workable and consistently implemented.

Points of discussion

1. Supervision of significant trading venues and post-trading infrastructures

What remains to be clarified regarding the PEMO regime and the supervisory model for significant cross-border CCPs and CSDs to achieve more consistent and efficient EU-level supervision, while ensuring that the proposed set-up is workable and effective?

2. Supervisory powers, convergence tools and regulatory simplification

Can the horizontal MISP measures on supervisory convergence, regulatory agility, simplification and burden reduction deliver more consistent supervisory outcomes, faster and more predictable regulatory processes, and lower compliance burdens? What clarifications or adjustments are still needed to ensure an effective implementation of these tools?