Program and registration

8:30 AM – 9:05 AM – WELCOMING REMARKS BY THE MASTER OF CEREMONY AND OPENING JOINT INTERVIEW

Confirmed speakers:

Mário Centeno, governor, Bank of Portugal

Klaas Knot, governor, De Nederlandsche Bank; vice chair, Financial Stability Board

9:10 AM – 9:35 AM – INTERVIEW

9:45 AM – 10:20 AM – SPOTLIGHT DISCUSSION: The COVID-19 financial pendulum: Where does Europe stand?

  • What lessons can Europe gain from the market turmoil induced by COVID-19? Will Europe be fragmented and will the north-south divisions amplify?
  • Were there any shortcomings in terms of supervision and coordination between European and national regulators?
  • How differently have eurozone and non-eurozone members been affected by COVID-19? What does that mean for the economic recovery?
  • What is the best way for financial services to support the recovery, and what are the obstacles to doing it?

Confirmed speaker:

John Berrigan, director general, DG FISMA, European Commission

10:25 AM – 10:40 AM – INTERVIEW WITH PHILIPPE DONNET, CHIEF EXECUTIVE OFFICER, GENERALI GROUP

10:50 AM – 11:35 AM – PANEL DISCUSSION: 2021: The year of Europe’s (green) recovery?

  • Where does Europe stand on the “green recovery?” Do recovery plans have to contain green strings attached to investments?
  • What role are banks, insurance groups, and asset managers playing in funding the green recovery?
  • Are financial regulators upping the pressure on firms to address climate risks?
  • In light of the review of the non-financial reporting directive (NFRD), can financial actors gain easier access to standardized information on non-financial reporting? How much of it relies on Europe’s common “taxonomy?”

Confirmed speakers:

Aleksandra Mączyńska, executive director, Better Finance

Siegfried Muresan, MEP (EPP, Romania)

11:45 AM – 12:30 PM – PANEL DISCUSSION: The EU financial toolbox: The CMU to the rescue?

  • Access to finance is key for Europe’s recovery. In that context, what progress can be achieved on the CMU and the Banking Union? What remains to be completed?
  • Does Europe need a single European supervisor to oversee capital markets?
  • How will Europe solve EU member states’ soaring national debt levels and deficits? Is the financial transaction tax a solution?
  • What can be done to improve SMEs’ funding?

Confirmed speaker:

Jörg Kukies, state secretary for financial market policy, European policy, Federal Ministry of Finance, Germany

12:40 PM – 1:15 PM – SPOTLIGHT DISCUSSION: AML and tax: Keeping finance clean

  • Has Brussels reached the limits in its fight against tax evasion? What powers should an EU dirty money watchdog have to do its job properly?
  • Which EU member states are the best at implementing AML recommendations? Does the EU need a single supervisory entity?
  • Is the supervision framework fit to tackle issues emanating from fintech companies?

1:15 PM – 2:30 PM – LUNCH BREAK

2:30 PM – 3:05 PM – SPOTLIGHT DISCUSSION: Is Europe backpedaling?

  • Until the COVID-19 outbreak, Europe seemed to be on a quest for collective fiscal discipline. Is it still the case in 2021?
  • What else is needed to ensure the recovery stays on track?
  • Is it time to introduce a fiscal instrument to protect against sudden shocks?
  • How should the fiscal rules be improved? When should they be reintroduced?

Confirmed speaker:

Maarten Verwey, director general, DG ECFIN, European Commission

3:15 PM – 4:00 PM – PANEL DISCUSSION: Asset managers: Testing the waters of resilience

  • In light of the COVID-19 outbreak, has Europe’s regulatory framework been more or less resilient than the U.S.’s?
  • Can funds solve the problem of hard-to-sell assets and easy investor withdrawals?”
  • Are Europe’s laws on alternative, long-term and money market funds fit for purpose and are current investment vehicles sufficient?
  • Despite volatile conditions in 2020, passive funds appear to have outperformed active funds. What does that mean for the industry’s future?

4:10 PM – 4:45 PM – SPOTLIGHT DISCUSSION: The future of digital finance: Which payment solution for Europe?

  • Is the European Payments Initiative enough to counterbalance non-European payment services providers?
  • How far will tech payment platforms expand their services in Europe? Should traditional financial services, such as banks, fear the rise of fintech and the recent involvement of Big Tech companies? Does that imply that the supervisory framework should be modified to take into account those new actors?
  • To what extent can stablecoins address current challenges in payment services? What are the risks and advantages?

Confirmed speaker:

Cecilia Skingsley, first deputy governor, Riksbank

4:55 PM – 5:55 PM – SIMULTANEOUS ROUNDTABLE DISCUSSIONS

Roundtable 1

Financial services: Oscillating between cyber resilience and cyber vulnerability?

Does the EU need a unified cybersecurity strategy that involves the banking sector as a critical component of EU infrastructure? What role for industry? What role for the U.K.?

What regulatory framework is needed to enhance the security of financial services? Should collaboration between competent authorities be improved to catch hackers?

How far can the set-up of cybersecurity measures prevent European financial services from innovating and being globally competitive?

Roundtable 2

Brexit

What is the best strategy for London to keep the benefits from the Single Market?

Is it time for EU and British policymakers to admit there is a need to be close collaboration on finance even after Brexit, or will they continue to use the industry as a political tool to score wider points?

How much progress has been achieved on the equivalence regime for financial services?

Roundtable 3

Solvency II

How far is a change to Solvency II rules motivated by a wish to invest more effectively in assets that have a positive environmental and social impact?

How can the Solvency II review remove barriers for long-term investment?

What will the review mean for insurance globally, since Solvency II has influenced international standards and let several other jurisdictions to change their rules?

How fair is it to claim that the Solvency II reporting requirements are excessive? What elements should be modified – or added – in the current Solvency II framework?

5:55 PM – 6:30 PM – END OF THE SUMMIT AND NETWORKING COCKTAIL

2021 PARTNER

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