Agenda

Morning

08:30 – 09:00

Registration and Welcome Coffee

09:00 – 09:20

Keynote Presentation

Moderator: Stefano Micossi, Director General, Assonime

Jyrki Katainen, Vice President for Jobs, Growth, Investment and Competitiveness, European Commission

09:20 – 10:40

Session 1: Strategic goals and tactical realities of the EU's Capital Markets Union

The European Commission has outlined the path needed to create by 2019 a fully integrated EU-wide capital market capable of financing and strengthening European products and services in the global marketplace. The goal is for capital to be available across national borders and on affordable terms. This opening panel will focus on the ways that banks, investment firms, insurers and other financing platforms are adapting to the needs of businesses, innovators and entrepreneurs. Where are significant changes taking place, and what policies as well as market developments are driving them? Are Europe's banks creating new relationships with non-banking actors who provide financial advice, funding and technological solutions, and how strong is the cross-border elements of these partnerships? Has Europe's financial services industry yet found the new direction it has been seeking?

Moderator: Jeremy Browne, former Minister of State for Foreign Affairs; Special Representative for the City, City of London Corporation

09:20 – 09:30

Opening Presentation

John Berrigan, Deputy Director General, DG FISMA, European Commission

09:30 – 10:40

Panel Discussion

John Berrigan, Deputy Director General, DG FISMA, European Commission
Sylvie Goulard, Member, Committee on Economic and Monetary Affairs, European Parliament
Lorenzo Bini Smaghi, Chairman, Société Générale
Christophe Nijdam, Secretary General, Finance Watch

10:40 – 11:00

Keynote Presentation

Jes Staley, Group Chief Executive, Barclays

11:00 – 11:20

Coffee Break

11:20 – 11:40

Keynote Presentation

Gottfried Leibbrandt, CEO, SWIFT

11:40 – 13:00

Session 2: Assessing the strengths and weaknesses of regulatory reform to date

The years since the crisis of 2008 have seen the introduction of radical change to the EU's regulatory framework for financial institutions, even if the more recently agreed rules have yet to be fully implemented. The result has been greater transparency and oversight along with stronger governance and far higher capital and solvency reserves. But legislators' intentions are still not always satisfied, with predictable consequences for market liquidity, funding costs and the returns of policy holders and bond and equity investors. With some of these measures acting perversely as disincentives for long-term investment, the prospect of a stronger equity culture in Europe with less reliance on debt funding is fading. How well-tailored, then, are the rules in Europe to the needs of smaller players who are burdened both by sectoral directives in the EU and by reporting and clearing requirements around the world? What sort of regulatory 'house cleaning' should EU policymakers now consider, and is there the necessary political will?

Moderator: David Reed, Partner, Head of Financial Services Practice, Kreab

11:40 – 13:00

Panel Discussion

José María Roldán, Chairman and CEO, Spanish Banking Association
Chris Allen, Global Head of Regulatory Policy, Barclays
Jean-Pierre Pinatton, Chair of the Supervisory Board, Oddo & Cie
Felicia Stanescu, Policy Assistant to the Director General, DG FISMA, European Commission
Carmine Di Noia, Commissioner, CONSOB

Afternoon

13:00 – 15:00

Lunch Session (by invitation only): The EU and the global environment

Hosted by the Managed Funds Association

In today's globalising world, Europe's political, economic and social outlook is clearly tied to developments elsewhere. The international questions the EU must take into account span the smooth functioning of financial flows, the need to monitor and respond to systemic risks and to reinforce the protection of data security. Have these needs along with the growth of cyber crime begun to reshape the EU's external relations, given the different rules governing financial services in other parts of the world? Have regulators at a global level yet begun to converge on core rules to stabilise both capital markets and derivates trading? How strong is the EU's influence on this part of the world stage?

Moderator: Roger Hollingsworth, Executive Vice President and Managing Director, Global Government Relations, Managed Funds Association

Keynote speaker: Anthony L. Gardner, United States Ambassador to the European Union