Building on the success of our inaugural scene-setting Capital Markets Union Summit last May, this event is the first in a series of ECMU implementation events which we plan to hold every six months over the next two years, with the programme in each case focusing on those initiatives that are current at that point (e.g. on recently launched consultation or discussion papers and legislative proposals).
The development of a Capital Markets Union (CMU) has progressed significantly since the publication of the European Commission Green Paper (February 2015).
Neither the CSFI (a London-based think-tank) nor CEPS has an institutional position for or against Brexit – although the CSFI did publish a survey of City opinion in 2015, which found that 73% of respondents would either 'definitely' or 'probably' vote for the UK to remain part of the EU in the event of a referendum. (That said, virtually no one who was surveyed had anything good to say about the EU: it was simply a question of preferring the devil you know to the devil you don’t know).
This workshop is part of a series of four half-day workshops that are being held over two days – the first two on 2nd June and the other two on 7th July. This series of workshops builds on the demand from delegates at our highly successful and well-attended MiFID conference, which was held on 27th January this year, for a series of highly focused, specialist events.
The European Commission’ plan to introduce a European Capital Markets Union (ECMU) by 2019 will present significant opportunities to UK banks, asset managers and insurers.
The U.S. Chamber of Commerce’s Global Risk and Governance Initiative (GRGI) will be hosting Professor Anjan Thakor, John E. Simon Professor of Finance and PhD Program Director at the Washington University in St. Louis Olin School of Business, to discuss these issues, as outlined in the recent report International Financial Markets: A Diverse System is the Key to Commerce.
As the re-cast MiFID has continued on its laborious path (begun in 2007 and due to be completed in 2014), MiFIR has now been added to the mix (the two together are defined as MiFID II).
The MiFID Conference by the British Bankers’ Association (BBA) will look at the recent MiFID proposals, providing a forum where banks, investment companies and others who will be impacted by the revisions can discuss the possible implications of the reforms.
ECMI had the pleasure to contribute as knowledge partner and moderate this conference organised by QED. MiFID, the centrepiece of the legislation governing the EU's financial markets is currently undergoing a major review.