Speakers
Public Authorities
Konstantinos Kaniouras Kaniouras
Officer Financial Services Directorate - Ministry of Finance, Cyprus
Martin Merlin Merlin
Director, Financial Markets - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Sandrine Ménard Ménard
Deputy Assistant Secretary, Financial Markets and Corporate Financing - Direction générale du Trésor
Marco Zwick Zwick
Executive Board and Director of UCI Department - Commission de Surveillance du Secteur Financier (CSSF)
Industry Representatives
Walt Burkley Burkley
Global Counsel - Capital Group
Stéphane Janin Janin
Head of Global Regulatory Developments and Public Affairs - BNP Paribas Asset Management
Sven Kasper Kasper
International Head of Public Policy - State Street Bank International GmbH
Colm McDonagh McDonagh
Chief Executive Officer-Insight Investment Management & Chair-Irish Funds - BNY
Session overview
Objectives
This session will examine the expected impact of the proposed Market Integration and Supervision Package (MISP) on the European asset management sector, in particular its potential to facilitate cross-border fund distribution, enhance supervisory convergence and support the development of integrated asset management groups.
It will also assess whether these measures are likely to strengthen the sector’s competitiveness and its capacity to channel investment into the European economy, and identify any remaining barriers to the effective integration of the EU asset management market.
Points of discussion
- Fund and depositary passports
Will the proposals of the MISP regarding fund and depositary passports enable a significant improvement of the cross-border marketing of funds? What impact can be expected in terms of the competitiveness of the European asset management sector and its capacity to channel investments into the economy? What potential issues do these measures raise and are there significant barriers to the cross-border distribution of funds remaining to address? - Intra-group arrangements and supervisory framework
Can the MISP measures proposed recognising EU cross-border asset management groups deliver significant efficiency gains? What impact can be expected from the measures proposed to strengthen supervisory convergence? What additional steps could support the development of an effective single market for investment funds?