CMU: bottom up or top-down approach?​

Objectives This session aims to evaluate the main features and the strengths and weaknesses of the current approach to the Capital Markets Union (CMU) and to discuss the possible need for evolutions of this approach in the future steps of CMU. This includes examining the balance between top-down and bottom-up actions, the prioritization of these … Continued

Objectives It is important that financial regulation is predictable, legally precise, in line with best international practice, and rigorously implemented and enforced, without regulatory arbitrage. The aim of this session is to assess whether the criticisms of the financial industry of the way regulation is developed in Europe are well-founded, and to define their consequences … Continued

Objectives European banks are concerned that the implementation of Basel 3 will lead to an increase in RWAs without the accompanying reduction in Pillar 2 requirements and without benefiting from reduced regulatory and management buffers, as envisaged in the UK. Against this backdrop, this session will examine the impact of capital requirements of banks in … Continued

Objectives This session will first assess the expected impact of the CMU measures adopted since the launch of the project and identify the main issues hindering further progress. The panel will then discuss the priorities for the next European political cycle, taking into account the proposals made in the main reports recently published on the … Continued

Objectives The objective of this session is to discuss the additional improvements needed in the European post-trading space to support the objectives of the CMU and the priorities for the next European political cycle in this area. The discussion will concentrate on settlement activities. The panel will first assess the opportunities and challenges associated with … Continued

Objectives The session aims to provide insights into the G20 FSB/CPMI cross-border payment initiatives seeks to foster a comprehensive understanding of the current status, challenges, and future direction in improving cross-border payments. The key topics addressed include the main achievements and upcoming milestones for 2024 and 2025, progress in regulatory changes globally and in the … Continued

Objectives This session will take stock of the approaches adopted by the co-legislators on the RIS proposals, discuss issues that remain to be further clarified for the implementation of the RIS and identify further measures that may need to be considered for supporting retail investment. The discussion will focus on the scope of the RIS … Continued

Objectives The launch of the Banking Union project was a response to the EU Sovereign crisis (2011-2012). The design of the banking union envisaged common supervision, resolution and deposit insurance in the euro area. Only two of its pillars, European supervision and resolution, are in place. The Covid Crisis and the US banking turmoil in … Continued

Objectives This session will focus on the prospects for new investment products and product labels to support retail investment, and on possible measures that might be needed in addition to the Retail Investment Strategy (RIS) to develop long term retail investment. This session will first assess whether new or improved investment products or product labels … Continued

Objectives An effective and integrated framework for crisis management is essential to maintain confidence in the financial system, prevent further fragmentation and safeguard financial stability. On 18 April 2023, the European Commission published its proposal to revise the BRDD, the SRMR, the DGSD and the Daisy Chains Directive – the Crisis Management and Deposit Insurance … Continued