Objectives of the session
The concept of open strategic autonomy has progressively expanded from the security and defense dimension to many other areas, such as energy, healthcare and, with the UK exiting the EU, to the financial services although the dollar is the international benchmark currency in the world and dollar liquidity is key to financial stability.
The session will assess the state of the EU’s financial autonomy, the strategic financial dependencies that need to be addressed and the reasons why this autonomy needs to be strengthened. Then the session will discuss how the EU should improve this open strategic autonomy in the financial area, the key prerequisites, the enablers and the priority areas.
Points of discussion
- What is the state of the EU’s financial autonomy, one year after Brexit? Does the EU’s financial autonomy need reinforcing and if so for which reasons? What are the costs and risks of not addressing the European strategic financial and IT services dependencies on non-EU country services/players?
- How does the European Commission ‘s “Open strategic autonomy” agenda translate in the financial sector? How can Europe’s financial autonomy be strengthened? What are the priorities?