Capital markets growth in the EU:  expected impacts of the CMU action plan and future steps

Objectives This session focusing on the measures needed to foster more growth in EU capital markets, will discuss whether the combined set of measures proposed in the CMU action plans is sufficient to stimulate significant growth of capital markets in the EU, what are the priorities in this regard and what further measures may be … Continued

Objectives The objective of this session is to discuss key proposals of the EMIR 3 review aiming to strengthen EU clearing and identify further issues that may need to be addressed in the EU clearing space in future policy work. The first round of discussion will focus on the active account requirements proposed and the … Continued

Context and objectives of the session The European insurance regulatory framework, Solvency II, is under review as it coincides with the need for significant financing in the transition to low-carbon and digital economies. Policymakers aim to reduce volatility in the framework and allow insurers to invest in the economy without jeopardizing financial stability. Globally, the … Continued

Objectives This session will first discuss how the preparation of the Level 2 requirements of DORA is progressing and the key questions remaining to be addressed and clarified in the perspective of the implementation of the regulation. The panel will then assess whether the agreed DORA and NIS2 texts and the amendments to existing financial … Continued

Objectives of the session In the context of new EU legislation and supervision, achieving an effective breakthrough in Anti-Money Laundering (AML) requires gathering key success factors across various themes. A central pillar of success lies in adopting a risk-based approach and defining the scope of AML Authority (AMLA) supervision appropriately. Since AMLA must efficiently identify … Continued

Objectives This session will first discuss how the uptake of AI is progressing in the financial sector, how use cases are expected to evolve in the medium term with the sophistication of AI technologies and increasing analytical capacity and also the related benefits and challenges for customers and financial institutions of a wider use of … Continued

Background and objectives of the session The global shift toward a low-carbon economy to combat climate change demands private capital mobilization for sustainability. Financial activities, including decarbonization, responsible financing, and portfolio greening, are pivotal in this transition. EU regulators have implemented climate-related disclosure rules, sustainability labels, the EU taxonomy for sustainable activities, and green bonds … Continued

Objectives This session will first assess the current trends and expected future evolutions of European and global cryptoasset markets, how interactions are developing with traditional financial players and whether the lessons learned from the recent turmoil in the crypto market in terms of inappropriate business models and governance practices have been taken into account. The … Continued

Background and objectives of the session Greenwashing, the deceptive practice of exaggerating environmental efforts, is a growing concern. The EU has introduced regulatory changes to combat this and enhance transparency in ESG ratings, aligning them with the Green Deal. A concerning trend is the misuse of SFDR as a label for financial products, leading to … Continued

Objectives This session will first assess the current trends in the decentralised finance (DeFi) market, the related opportunities associated with DeFi applications and the technology underlying them and also the risks posed by DeFi activities and their interactions with traditional finance. The panel will also discuss the latest thinking about the policy implications of DeFi … Continued