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SIU next steps: more regulation or coordinated market development?

Day 2 Afternoon

Thursday 10 April

Room :

ROOM 1

Speakers

Chair
John Berrigan
Director General - DG FISMA, European Commission
Public Authorities
Eva Wimmer
Director General, Financial Market Policy - Federal Ministry of Finance, Germany
George Theocharides
Chairman - Cyprus Securities and Exchange Commission
Jérôme Reboul
Head of the Regulatory Policy and International Affairs Directorate - Autorité des Marchés Financiers (AMF)
Jurand Drop
Undersecretary of State - Ministry of Finance, Poland
Industry Representatives
Dan Dorner
Vice Chairman & Chief Commercial Officer Corporate Banking - ABN Amro
Kipp Kranbuhl
Global Head of Regulatory Strategy and Policy - Citi
Pilar Martínez
Head Public Affairs EU and Latin America - SIX Group
Rainer Hauser
Head of Group Investment Management - Erste Group Bank AG

Objectives

The aim of this session is to discuss the main priorities for the future steps of the Savings and Investments Union (SIU), taking into account the latest proposals made by the Commission in the SIU Strategy and the EU Competitiveness Compass. In a first round, the panellists will assess whether the measures outlined in the SIU Strategy and the EU Competitiveness Compass will ensure a significant development of EU capital markets and allow the objectives of the SIU (better channelling of savings into productive investment and creating a wider range of financial opportunities for people and businesses) to be achieved and whether any adjustments or additions to the proposed measures are needed. In a second round, the panellists will discuss the approach proposed in the SIU Strategy for implementing these actions, in particular the combination of bottom-up and top-down measures with shared responsibility between Member States and EU institutions, and the continuous monitoring proposed to ensure that the SIU actions achieve their objectives.

Points of discussion

  • SIU action plan and priorities: Can the measures proposed in the SIU Strategy make a significant contribution to the development of EU capital markets? Which actions are likely to have the greatest impact? Are any adjustments or additions to the proposed measures necessary? Is the proposed timeframe for implementation appropriate?
  • Approach to SIU going forward: Will the approach proposed in the SIU Strategy for the SIU’s next steps enable more significant and faster progress to be made than with the previous CMU action plans? How to ensure an effective combination of bottom-up and top-down approaches in the next steps of SIU? How should the monitoring of the progress made on the SIU be carried out to be effective? Does the SIU provide a more convincing narrative than the CMU?