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• How are global economic changes influencing Europe’s financial sector, and what strategic moves should be made to adapt?
• What measures can be put in place to enhance the resilience of Europe’s financial industry against future economic shocks or crises?
• What impact are emerging technologies having on the financial industry, and how can the EU’s financial sector leverage these for a competitive advantage?
• What were the major regulatory changes in the last political cycle, and what has been their effect on the financial sector?
• Given the evolving landscape of the financial industry, what should be the primary objectives for the new legislative term?
• What are the principal elements that drive global competitiveness in the financial sector, and what steps can be taken to elevate Europe’s standing in these critical areas?
• What additional initiatives, either driven by policy or the industry, are necessary to boost competitiveness?
• What strategies are essential for the successful implementation of the Capital Markets Union?
• In what ways can the European financial sector support the EU’s objectives for climate and sustainable finance?
• What is the current state of digitalization within the financial services industry?
• Does the EU’s policy stance and regulatory oversight need to adapt to better facilitate the digital transformation of its financial sector?
• What should be the focus areas in the forthcoming political cycle regarding digital finance (such as implementing existing proposals, tailoring them more closely to the needs of the financial sector, or completing the regulatory landscape in specific domains)?
• How is artificial intelligence reshaping critical operations and services in the financial sector? What opportunities does AI present for enhancing decision-making, risk assessment, and customer service?
• What are the major challenges that financial institutions face in integrating AI technologies? How do issues like data privacy, ethical AI use, and algorithmic transparency impact consumer trust and regulatory compliance?
• What specific policies and regulatory frameworks are necessary to support the safe and effective integration of AI in financial services? How can regulations ensure that AI advancements do not exacerbate financial inequalities or systemic risks?
• Looking ahead, what can be expected from the evolution of AI in finance in terms of new capabilities or transformative impacts? What preemptive measures should policymakers and industry leaders consider to harness these advancements while mitigating associated risks?
• How can digital tools and technologies be harnessed to promote sustainability goals in finance, such as through green bonds and sustainable investments?
• What opportunities, challenges, and risks does digitalization present for users and stakeholders in the market?
• How can digital finance be used as a tool to improve financial inclusion, especially for underserved and unbanked populations within the EU?
• Are current digital and financial policies adequately supporting the advancements in digital finance and addressing emerging challenges?
• Is there a need for further action to mitigate operational challenges stemming from digitalization?
• How can regulatory and policy environments contribute to a more competitive European financial market, and what enhancements are necessary?
• How can broad theoretical support for the Capital Markets Union be translated into concrete, actionable plans?
• What key areas should the CMU target in the new European legislative term for maximum impact? Is there a need to alter the strategic approach to the CMU or reshape the ongoing discussions surrounding it?
• What specific actions are required to dismantle the legal and structural impediments to cross-border capital movements?
• In what ways can we facilitate easier access to market-based financing for businesses, particularly SMEs?
• What can be done to motivate retail savers to engage more in investments by both introducing incentives and removing existing barriers?
• Assessing the effectiveness of MiFID II/MiFIR: Have it successfully fostered fair, transparent, and efficient markets? What areas still need improvement?
13.30-14.00 Registration and welcome coffee
14.00-15.00 Session 1: Setting the scene – the C-level perspective
15.00-15:15 Coffee break
15.15-16.15 Session 2: Digital transformation of EU’s financial services
16.15-16.30 Coffee break
16.30-17.30 Session 3: The future of European financial regulation
Director-General, DG FISMA, European Commission
John Berrigan is the Director-General of the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) of the European Commission. DG FISMA is responsible for EU-level policy-making and legislative initiatives with respect to the financial sector, including Banking Union, Capital Markets Union, sustainable finance, digital finance, anti-money laundering and sanctions. In this context, John represents the European Commission on the Economic and Financial Committee and the Financial Services Committee, which report to EU Finance Ministers. He also represents the Commission on the Financial Stability Board, which reports to G20 Finance Ministers. He attends the European Systemic Risk Board and is a permanent observer on the Single Resolution Board. John has a master’s degree in economics from University College Dublin. He is married with two children.
Judge, General Court, Court of Justice of the European Union
Pēteris Zilgalvis is a Judge on the General Court of the European Union. He is a Member of its Management Board and of the Artificial Intelligence Management Board of the Court of Justice of the EU. Previously, he was the Head of Unit for Digital Innovation and Blockchain in the Digital Single Market Directorate in the European Commission and was the Co-Chair of the European Commission FinTech Task Force. He was the Visiting EU Fellow at St. Antony's College, University of Oxford and was an Associate of Political Economy of Financial Markets there. Before that he was Deputy Head of the Bioethics Department in DG Legal Affairs at the Council of Europe. Earlier, he was Senior Environmental Law Advisor to the World Bank/Russian Federation Environmental Management Project and was a Regional Environmental Specialist at the World Bank. His career started in the Latvian ministries of environment and foreign affairs. He completed his J.D. at the University of Southern California and his B.A. in Political Science Cum Laude at UCLA.
Chief Product Officer, Moody’s
Nick Reed is the Chief Product Officer for Moody’s Analytics, where he focuses on understanding our customer needs and aligning our products to address those needs. His goal is to ensure our customers can harness the power of diverse solutions across Moody's Analytics, and use them for the benefit of their customers. Nick joined the company from ANZ Bank, where he was the Group General Manager of Risk and managed all risk systems, process modernization, offshoring, customer aggregation and management systems, calculation engines, analytics platforms, and all enterprise projects, processes, and people. His work history spans banking and finance, digital and internet technology, insurance and superannuation in senior managerial roles with experiences in Australia, Hong Kong, the United Kingdom, and the United States. Nick graduated with a Bachelor's degree in Economics & Commerce (Banking/Finance) from the University of Melbourne. He also completed post-graduate work in Strategy at the Stern School of Business at New York University; Digital Transformation at the MIT Sloan School of Management at the Massachusetts Institute of Technology; and Architecture at the University of Technology Sydney.
Director, Horizontal policies DG FISMA, European Commission
Marcel Haag studied law at the universities of Freiburg, Bonn, Strasbourg and at the EUI in Florence and qualified as a judge in Düsseldorf. After a short stint in business, he joined the European Commission and worked in different Commission services. Until the summer of 2020 Mr Haag served as a Director for policy coordination in the Secretariat-General of the Commission. He is currently Director for Horizontal policies at the Directorate-General for Financial Stability, Financial Services and Capital Markets Union.
Managing Director, Meade Davis Communications
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