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Refocusing CMU: key policy priorities going forward

Day 2 Afternoon

Thursday 12 September

Room :

Fennia II - Roundtable

Speakers

Chair
John Berrigan - Deputy Director-General, DG FISMA European Commission
Public Authorities
Levin Holle - Director General, Financial Markets Policy, Federal Ministry of Finance, Germany
Steven Maijoor - Chair, ESMA
Robert Ophèle - Chairman, AMF
Industry Representatives
Stéphane Boujnah - Chief Executive Officer and Chairman of the Managing Board, Euronext
Christian Staub - Managing Director Europe, Fidelity International
Leonique van Houwelingen - Chief Executive Officer, The Bank of New York Mellon SA/NV
Kevin Wall - Chief Executive Officer, Barclays Europe

Objectives of the session

The objective of this session is to assess the progress made in the implementation of the CMU, the achievements so far and the main issues and obstacles that remain to be tackled. The panel will also discuss the way forward for the CMU in the coming 5 years (main areas of focus, how the initiative should be managed) and how the political and industry commitment for the project can be increased.

Points of discussion

What are the main achievements of the CMU initiative so far? Can the initial objectives of the CMU (further diversification of the financing of EU enterprises, providing new investment opportunities…) be fully achieved with the current action plan and if not what are the reasons? What are the main issues and obstacles that need to be overcome for significant progress to be made?

What is the way forward for the CMU in the coming 5 years? What should be the main areas of focus? Do the objectives of the CMU or the current action plan need reviewing, restructuring or refocusing? How can the political and industry commitment for the project be increased?