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Integration and competitiveness of EU fund markets

Day 2 Morning

Thursday 04 April

Room :

Constanta Room - Roundtable

Speakers

Chair
Wolf Klinz
MEP, ECON Committee, European Parliament
Public Authorities
Nicoletta Giusto
Director of the International Relations Office, CONSOB
Jean-Paul Servais
Chairman, FSMA, Belgium
Felicia Stanescu
Head of Policy Definition and Coordination, DG FISMA, European Commission
Industry Representatives
Frédéric Bompaire
Head of Public Affairs, Finance and Strategy, Amundi Asset Management
Dennis Gepp
Senior Vice President, Managing Director and Chief Investment Officer, Cash, Federated Investors (UK) LLP
Jarkko Syyrilä
Head of Public Affairs, Nordea Asset and Wealth Management

Objectives of the session

The objective of this session is to discuss the main challenges that the EU investment fund sector (UCITS and AIFs) is facing in terms of integration and competitiveness, the improvements that are needed as a priority for end-investors and the financing of the EU economy and whether sufficient progress can be made with the existing fund frameworks and on-going legislative proposals made in the context of the CMU.

Points of discussion

What are the main challenges that the EU asset management sector is facing in terms of integration and competitiveness? Is Brexit likely to impact significantly the competitiveness of the EU fund sector? What may be a reasonable improvement target for the EU fund sector in the short and medium term and what benefits can be expected for investors and the EU economy? Is the comparison with the US fund market relevant?

To what extent can the integration and competitiveness of the EU asset management sector be improved with the existing EU frameworks and the CMU-related legislative proposals underway? What additional regulatory or industry-driven measures might be needed? Can new technologies provide further improvements and what are the possible challenges?