Speech by K. Johnson (U.S. CFTC)

Objectives The green transition will require considerable investment. Public funds alone will not be sufficient. The Next Generation EU (NGEU) recovery package and the EU budget should contribute to this green transformation (this corresponds to 1,98% of EU GDP on average per annum). But EU financings alone will not be able to reorient our economy … Continued

Objectives This session will first discuss the expected impact of the measures proposed in the September 2020 action plan to relaunch the Capital Markets Union (CMU) initiative, whether they are likely to be game-changers for the CMU and the remaining priorities to be pursued by the end of the current legislature. The panel will also … Continued

Objectives Many now focus on working out of the so-called open banking, whose promises are attractive. However, in addition to a possible open banking ambition, a full and optimal contribution of PSD2 in terms of levels of innovation, competitiveness, economic efficiency, level playing field and security, in the area of payments and payment accounts alone, … Continued

Objectives The first objective of this session is to take stock of the current level of competitiveness of the EU capital market ecosystem and of its strengths and weaknesses and to identify the main issues and drivers that need addressing to enhance competitiveness. Secondly, the panel will discuss the effects that can be expected in … Continued

Objectives This session will first discuss the main use cases of open finance in different areas of finance (banking, insurance, capital markets, pensions…), the expected benefits for customers and the opportunities for financial players, the challenges to overcome (e.g. in terms of standardisation, consumer protection, level playing field….) and also the possible risks posed by … Continued

Objectives SSM stress tests show that though banks have low exposures to flood-risk areas, some sectors are strongly impacted by a drought and heat scenario. An increase of impairments is also expected by the short-term disorderly transition scenario. This increase stem from the highest polluting sectors stroke by a steep increase in carbon prices or … Continued

Objectives The objective of this session is to provide the audience with an overview of digitalisation trends in finance and of their policy implications. This session will first discuss the main on-going trends in terms of digitalisation in the financial sector, the expected future developments and the related opportunities and challenges for financial market players … Continued