Half-day conferences

Gustav Mahlerlaan 10, Amsterdam, The Netherlands

The use of central counterparties (CCPs) has increased markedly in recent years. The decision to shift from bilateral to central clearing of standardised over-the-counter derivatives concentrates risks in a couple of CCPs, which has potentially negative effects on the financial sector and the broader economy in the unlikely event that a CCP fails.

CEPS - Centre for European Policy Studies, 1 Place du Congrès/Congresplein, 1000 Brussels

Under MiFID I transparency requirements were limited to equity instruments. MiFID II substantially expanded the scope of this transparency to cover also non-equity instruments. The full list includes shares; depositary receipts; exchange traded funds; certificates and similar instruments (equity-like instruments); bonds; structured finance products; emission allowances and traded derivatives (non-equity instruments). Such instruments can be traded not only on regulated markets (RMs), but also to multilateral trading facilities (MTFs), organised trading facilities (OTFs), and Systemic Internalisers (SIs). It remains to be seen how and to what extent the new transparency requirements will affect the current market structure.

CEPS - Centre for European Policy Studies, 1 Place du Congrès / Congresplein, 1000 Brussels

The financial sector is no stranger to innovation. Nevertheless, over the past few years, the exponential growth of FinTech companies suggests that more disruptive changes will be required in order to bring the financial system fully into the 21st century.

CEPS - Centre for European Policy Studies, 1 Place du Congrès / Congresplein, 1000 Brussels

The European asset management industry has witnessed a solid growth in recent years, reaching an estimated €19 trillion in assets under management (AuM) at the end of 2014, divided almost equally between discretionary mandates (largely serving institutional investors) and investment funds.

CEPS - Centre for European Policy Studies 1 Place du Congrès / Congresplein 1000 Brussels

Commodity markets never rest. The recent fall in oil prices and renewed expansionary monetary policies are increasing uncertainty on how these markets will once again react to economic and financial instability. This environment comes on the back of a more generalised reduction or stagnation in commodity prices and an ongoing policy overhaul.

CEPS - Centre for European Policy Studies 1 Place du Congrès / Congresplein 1000 Brussels

In recent years, commodities markets have undergone significant changes, rising from relative obscurity to a subject of intense scrutiny by policy-makers and supervisors. In a more global market structure, trading houses play a pivotal role in the supply chain that brings commodities from producers to billions of consumers around the world.

CEPS - Centre for European Policy Studies 1 Place du Congrès / Congresplein 1000 Brussels

This panel will set the framework of the debate on SME financing and public intervention. Each national government and the EU have considered the use of public resources to improve SME financing, mainly through bank financing.

CEPS - Centre for European Policy Studies 1 Place du Congrès / Congresplein 1000 Brussels

Transparency and openness of financial indices based on trade reporting - Market structure implications.