Events

Reconciling Regulation and Growth

Location: Palazzo Taverna, Rome Italy Date: Nov 21, 2016

Overview

With the international financial crisis of 2007-09, a new era for thinking about financial regulation emerged that transformed our understanding of risk-management and financial stability. The subsequent Eurozone crisis reinforced the view that the European financial system remains vulnerable if the single market is being governed by heterogeneous regulatory requirement.

We hosted our 3rd annual conference jointly with CIGI in Rome on 21st November 2016,  with a gathering of senior representatives from across the public policy sector and financial institutions from the major European markets. This year’s conference we advanced our understanding of how well the new EU regulatory efforts contributed to a stable and sustained growth in Europe.

Below is the conference report co-written by Oliver Wyman and CIGI and reflects the views of the three co-authors. The report evaluates the progress made on strengthening the regulation and architecture of the European financial system, and considers areas where further enhancements are needed.

Reconciling Regulation and Growth Conference Summary Report


This report highlights some of the ideas that emerged by summarizing four key themes discussed at the conference.

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Strengthening the European Financial System


This report argues that the EU Capital Markets Union and European Deposit Insurance Scheme are two of the most important initiatives for improving the European financial system and should be completed over the next few years.

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Videos

Speakers

Agenda

11.30-12.30

Registrations and welcome buffet lunch

12.30-12.50

Opening address

Klaus Regling, Chief Executive Officer, European Financial Stability Facility and Managing Director, European Stability Mechanism

12.50-14.15

PANEL I: CURRENT STATUS OF AND PERSPECTIVES ON REGULATION IN EUROPE

Chair: Ignazio Angeloni, European Central Bank, Member of the Supervisory Board
Douglas Elliott, Partner, Oliver Wyman
Miranda Xafa, Senior Fellow, CIGI
Mark Yallop, Chair, FICC Markets Standards Board
Nicolas Véron, Senior Fellow, Bruegel and Visiting Fellow, Peterson Institute for International Economics

14.15-14.45

Coffee break

14.45–16.00

PANEL II: IS BANK REGULATION APPROPRIATELY BALANCING SAFETY AND GROWTH?

Chair: Andrea Enria, Chairman, European Banking Authority
Jose Manuel Gonzalez-Paramo, Executive Board member, BBVA
Mauro Grande, Director of Strategy and Policy Coordination, Single Resolution Board
Malcolm Knight, Distinguished Fellow, CIGI
Reza Moghadam, Vice Chairman for Global Capital Markets, Morgan Stanley

16.00-16.30

Coffee break

16.30-17.45

PANEL III: HOW CAN EU MACRO-PRUDENTIAL POLICY PROTECT GROWTH?

Chair: Sir Hector Sants, Partner and Vice Chairman, Oliver Wyman
Paolo Garonna, Secretary General, Italian Banking, Insurance and Finance Federation
Michel Pébereau, President MJP Conseil

17.45–18.15

Conclusions

Peter Beshar, Executive Vice President and General Counsel, Marsh & McLennan

18.30–23.00

NETWORKING & DINNER