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Should financial sovereignty be a key objective for the EU and what are the priorities?

Day 1 Afternoon

Wednesday 09 September

Room :

HALL 1 C

Speakers

Chair
Sylvie Goulard - Second Deputy Governor, Banque de France
Public Authorities
John Berrigan - Director-General, DG for Financial Stability, Financial Services and Capital Markets Union, European Commission - DG FISMA
Harald Waiglein - Director General for Economic Policy, Financial Markets and Customs Duties, Federal Ministry of Finance, Austria
Joachim Wuermeling - Member of the Executive Board, Deutsche Bundesbank
Industry Representatives
Jacques Beyssade - Secretary General, Groupe BPCE
Stéphane Boujnah - Chief Executive Officer and Chairman of the Managing Board, Euronext
Christian A. Edelmann - Co-Head of EMEA Financial Services, Oliver Wyman
Alban Schmutz - Senior Vice-President, Business Development & Public Affairs, OVH

Objectives of the session

The objective of this session is to discuss the issues that the EU is facing in terms of sovereignty in the financial sector, the main areas where it may need to be enhanced and whether on-going policy initiatives are likely to reinforce the financial autonomy of the EU.

Since other sessions will discuss in further detail the possible enhancement of sovereignty in certain areas e.g. payments, technology…this session will address the broad concepts of sovereignty in the financial sector.

Points of discussion

Does the EU need to increase its financial sovereignty, if so for which reasons and what are the priorities? Can EU sovereignty be increased without reducing efficiency and competitiveness?

Are the current EU initiatives in the financial sector likely to reinforce the financial sovereignty of the EU? What more can be done and what are priorities from a policy standpoint?