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Digital Omnibus Package: will it boost innovation? ​

Day 1 Afternoon

Wednesday 25 March

Location :

ROOM 1

Speakers

Public Authoritiess
Alex Ivančo
Head of Financial and Cohesion Policy Unit - Permanent Representation of the Czech Republic to the EU
Christopher P. Buttigieg
Chief Officer Supervision - Malta Financial Services Authority (MFSA)
Gerry Cross
Director Capital Markets and Funds - Central Bank of Ireland
Januš Kizenevič
Vice Minister - Ministry of Finance of the Republic of Lithuania
Industry Representativess
Andrew Vennekotter
Head of Security Regulatory Engagement, Europe - Amazon Web Services (AWS)
Anna Dunn
EMEA CFO & UK CEO - JPMorgan Chase & Co.
Nadia Filali
Head of Innovation and Development - Groupe Caisse des Dépôts (CDC)

Objectives

Objectives

This session will examine the expected impact of the proposed Digital Omnibus Package in terms of burden reduction, legal clarity and improved conditions for digital innovation in the EU financial sector, and identify any further policy actions that may be needed to support digital transformation in the sector.

Points of discussion

  1. Simplification impacts of the Digital Omnibus Package
    Does the Digital Omnibus Package proposal address the main sources of regulatory complexity and overlap in the EU digital finance framework? Are the proposed adjustments likely to deliver tangible improvements in terms of burden reduction and legal clarity? How significant are these benefits likely to be in practice, and do they vary across institutions, depending on their size, business models or activities? Are there areas where simplification or coherence across digital rules could go further?
  2. Impact on innovation and the EU’s attractiveness for digital finance  
    Will the regulatory streamlining proposed in the Digital Omnibus Package contribute to improving the conditions for digital innovation in the EU financial sector? Are there remaining gaps in the EU digital framework that continue to hinder digital transformation? Are further policy or supervisory measures needed to address these issues?