Events

The Capital Markets Union (CMU) has been a flagship project of the European Commission since 2014.

In recent years, the concept of sustainability has increased in scope and importance for policymakers.

Governments, central banks and international institutions have been mobilising resources in an effort to mitigate the economic consequences of the

Soon after the work of the Next CMU High-Level Group, the EU Commission set up its own High-Level Forum to discuss the continuation of CMU, with th

With the COVID-19 virus spreading across Europe, governments and central banks are mobilising resources in order to avoid a deep

THIS CONFERENCE HAS BEEN POSTPONED UNTIL FURTHER NOTICE.

Environmental externalities are not fully incorporated into asset prices at present. But investors (from households to asset managers, insurers or pension funds) can provide powerful incentives to integrate environmental sustainability into business operations. A plethora of instruments is currently discussed under the European Commission Action Plan such as taxonomy, disclosure requirements for investors, low-carbon benchmarks, non-financial corporate reporting, credit and sustainability ratings, green bonds standards, eco-labels for retail financial products. Will they be able to ‘move the trillions’ of investable funds?

After Brexit, the UK financial sector will lose access to the Single Market under the various passport regimes. While equivalence rules offer some alternative to passporting, they are available only for certain regulated activities. Equivalence decisions can also be withdrawn unilaterally by the authority granting them, be that the UK or the European Commission. There are also concerns about the increasing politicisation of the process. Given the UK’s departure from the EU, and its stance against necessarily maintaining strict alignment or rules, the question arises how the respective regulatory autonomy of the EU and UK can be maintained while continuing to recognise the equivalence of each other’s regimes. What additional regulatory and supervisory arrangements might be put in place alongside the existing equivalence regimes?

Small and medium-sized enterprises (SMEs) – in particular those that are young, innovative and have risky projects – face minima