Dear friends, dear partners,

We are pleased to invite you to our next roundtable discussion on the theme:

Capital Markets Union: Are we on the right track?

Friday 08 February 2019 | 09h30 – 12h00

In the offices of the Liaison Office in France of the European Parliament,
288 Boulevard Saint-Germain, Paris 75007

Discussions will take place under the so-called « Chatham House » rule
(see conditions at the end of the invitation)

BY INVITATION ONLY

On the eve of Brexit and the renewal of the European institutions, it is necessary to take stock of the progress and challenges of the proposed Capital Markets Union as a prerequisite for building a competitive European financial industry.

In particular, we would like to check that the achievements and the programme planned by the Commission are going in the right direction and ask ourselves the following questions:

• Does the system, as it stands, promote a better match between savings and investment needs?
• Are the existing tools adapted to their objectives (securitisation, prospectuses, clearing houses, TARGET2, etc.)?
• Should new tools be promoted (PEPP, European structured products, pension funds, etc.)?
• Is the efficiency of the system penalized by over-regulation? Doesn’t it sterilize funds at the expense of investment needs?
• Is the right balance between European and national level (sometimes referred to as « proxunion ») in sight?

Speakers :

Mrs Dominique GRABER, Director of European Public Affairs, BNP Paribas
Mr. Nacim DARDOUR, Director of European Affairs, AXA
Mr François-Edouard DE LENCQUESAING, President, European Institute of Financial Regulation (EIFR)
Mr. Yann POUËZAT, Deputy Director of Corporate Finance and Financial Markets, General Treasury Department, Ministry of Economy and Finance.
The exchanges will be moderated by Mr. Jean-Robert LEONHARD, Finance Advisor for Confrontations Europe.

Chatham House » Rule: When a meeting, or part thereof, is held under the Chatham House rule, participants are free to use the information collected on that occasion, but they must not reveal the identity or affiliation of the persons from whom the information originated, nor must they reveal the identity of other participants.