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THE EUROFI FINANCIAL FORUM 2017
Organised in association with the Estonian EU Council Presidency
What way forward for the EU27 and Eurozone?
TallinnHilton Tallinn Park Hotel
13, 14 & 15 September 2017Confirmed speakers
Draft agenda
08.09.2017
2
11:35-12:45
13:30-14:30
19:20-20:15
08:00-09:10
14:30-15:35
Eurofi Financial Forum - TallinnOverall agenda - Draft
COCKTAIL
REGISTRATIONS
Wednesday 13 September 2017 Thursday 14 September 2017
BUFFET LUNCH
Friday 15 September 2017
Macro-economic and political challenges
Diversifying the financing of the EU economy Improving financial stability and convergence
Opening remarks/ Keynote speech / Exchange of views: Outlook for the EU27 economy
16:55-18:00
20:45-22:30
10:30-11:35
18:00-19:20
Accelerating the CMU: which priorities following the mid-term review?
Exchange of views Deepening the EMU: when and how?
15:35–16:40
18:50-20:00
13:30-13:45
13:45-14:45
18:15-18:50
15:50-17:00
17:05-17:45
Fintech and the global regulatory context
09:15-10:20
20:00-20:45
Exch of views: Efficiency of G20 financial reforms
Improving financing prospects for EU
infrastructure projects and mid-sized enterprises
The economic, financial stability and trade implications of Brexit
Developing Baltic / Eastern European capital markets in the context of the CMU
Longevity and ageing: Opportunities and challenges
associated with the PEPP
Sustainable finance: EU and emerging market challenges
Accelerating the resolution of NPL
challenges
Challenges raised by Green Finance and FSB disclosure guidelines
Impacts of bank prudential rules (FRTB / NSFR…) on EU capital markets taking into account
the global context
Can the Asset Management industry provide new forms
of financing for the EU?
CRD V / CRR II pending issues
Review of Solvency II: priorities for developing long term investment and equity financing
Attracting retail investors to EU capital markets
AML, KYC, data and competition challenges
for digital banking
17:45-18:15
BUFFET LUNCH
Closing remarks: Meeting the challenges of the Eurozone
Exch of views: Banking Union: how to make existing pillars more effective?
EU CCP systemic issues (EMIR review, CCP R&R)
Systemic risks and resolution in the insurance sector
Resolution of banking groups
Are market-based finance risks under
control?
Exch of views: Challenges and conditions for a normalisation of EU monetary policy
20:30-21:30
COCKTAIL
GALA DINNER
Keynote speech
Closing session: Economic and financial priorities for relaunching the Eurozone and the EU
Exchange of views: Review of the operations of the ESAs
Exchange of views: Prospects of global policy coordination in the new political, economic and monetary context
Are EU digital and Fintech initiatives up to the challenges?
Addressing increasing cybersecurity risks
Leveraging Fintech in the context of the CMU
(trading & investment platforms, DLT, RegTech)
Leveraging Fintech in the insurance industry
Impacts of digitalisation on retail banking and payments
Speeches: International and EU policymakers and industry leaders
Speech
14:45-15:50
Eurofi Financial Forum 2017 – Tallinn – Proposed topicsMacro-economic and political challengesWednesday 13 September afternoon
REGISTRATION
Opening remarks: Gov. A. Hansson (Estonian Presidency) Keynote speech : Kara M. Stein (U.S. Securities and Exchange Commission) Update on US regulatory developments in capital markets
Exchange of views: Outlook for the EU27 economy (macro-economic and investment opportunities and challenges): C. Clausen (Blackrock), M. Pradhan (IMF)
13:30-14:30
14:30-15:35
Improving financing prospects for EU infrastructure projects and mid-sized enterprises
Chair: B. Angel (EU Com-DG ECFIN )Industry speakers: CDC (L. Zylberberg), HSBC (J. Chew), CNP Assurances (X. Larnaudie-Eiffel), S&P (M. Wilkins)Public authority speakers: Consob (C. Di Noia), EU Com-DG FISMA (N. Berger)Expert: J-J. Bonnaud (Eurofi)
Sustainable finance: EU and emerging market challenges
Chair: P. Berès (EU Parl-ECON)Industry speakers: HSBC, (S. James ) Amundi (A. de Bazin), Deka (A. Richers)Public authority speakers: EU Com-DG Env (T. Verheye), World Bank (L. Shyam-Sunders), EIB (A. Godard), EU Com-DG CLIMA (R. Doubrava)Expert: C. Thimann (EU High Level Expert Group, Axa)
Challenges raised by Green finance and FSB disclosure guidelines
Chair: J. Taylor (EIB) Industry speakers: Zurich Insurance (M. Leinwand), Moody’s (M. Madelain)Public authority speakers: EU Com-DG Env (T. Verheye),Expert: C. Thimann (EU High Level Expert Group, Axa)
Accelerating the resolution of NPL challenges
Chair: C. Bavagnoli (Min Fin France)Industry speakers: Unicredit (F. Giordano), Société Générale(L. Lascols), Credit Suisse (M. Dryden), Morgan Stanley (J. Trup)Public authority speakers: SSM (G. Siani), EBA (P. Haben), ESM (P. Fioretti), SRB (E. König),
15:35-16:40
3
Longevity and ageing:Opportunities and challenges associated with the PEPP
Chair: G. Bernardino (EIOPA)Industry speakers: Fidelity (P. Federici), CNP Assurances (X. Larnaudie-Eiffel)Public authority speakers: DNB (W. Evers), EU Com-DG FISMA (N. Berger), COVIP (Ambrogio Rinaldi)Expert: G. Prache (Better Finance)
Developing Baltic / Eastern European capital markets in the context of the CMU
Chair: V. Vasiliauskas (Central Bank of Lithuania)Industry speakers: Nasdaq (A. Saladziene), Swedbank (R. Kitt),Public authority speakers : Estonian FSA (K.E. Suurväli), Min Fin Slovakia (P. Palus), IMF (M. Pradhan), Min Fin Bulgaria (M. Petrova)
16:55-18:00
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Eurofi Financial Forum 2017 – Tallinn – Proposed topicsMacro-economic and political challengesWednesday 13 September afternoon
20:30-21:30
Exchange of views: Efficiency of G20 financial reforms
Chair: D. Wright
Industry speaker: P. Bordenave (BNP Paribas), F. Shirzad (Goldman Sachs)
Public Authority speakers: R. Himino (Japan FSA), S. Bowen (US CFTC), C. Bavagnoli (Min Fin France), W. Coen (BCBS)
COCKTAIL
19:20-20:15
Continuation of 13 September afternoon
The economic, financial stability and trade implications of Brexit
Chair: D. Wright (EUROFI)Industry speakers: KPMG (J. Cassidy), BNY Mellon (L. Ahto), Moody’s (C. Ellis), Goldman Sachs (D. McDonogh), Deutsche Bank (S. Matherat), Santander (S. Vadera)Public authority speakers: Min Fin Germany (L. Holle), UK Treasury (K. Braddick)Experts: Ch. Noyer
18:00-19:20
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140
Eurofi Financial Forum 2017 – Tallinn – Proposed topicsDiversifying the financing of the EU economyThursday 14 September 2017 morning
08:00-09:10
10:30-11:35
09:10-10:20
Accelerating the CMU: which priorities following the mid-term review?
Chair: S. Maijoor (ESMA)Industry speakers: Euronext (S. Boujnah), BAML (A. Batchvarov), Unicredit (F. Giordano)Public authority speakers: Min Fin Bulgaria (M. Petrova), Min Fin Germany (L. Holle), EU Com-DG FISMA (O. Guersent), EU Parl ECON (N. Gill)
Impact of bank prudential rules (FRTB, NSFR) on EU capital markets taking into account the global context
Chair: D. Wright (Eurofi)Industry speakers: BNP Paribas (C. Lefebvre), Barclays (D. Harland), MUFG (M. Rosenberg)Public authority speakers: ACPR (F. Visnovsky), EU Com-DG FISMA (M. Nava), Japan FSA (R. Himino), Central Bank of Ireland (G. Cross)
Can the Asset Management industry provide new forms of financing for the EU?
Chair: G. Everts (NL AFM)Industry speakers: JP Morgan, (J. Griffin) BNY Mellon (T. Ahern), Federated (D. Gepp), CACEIS (E. Derobert)Public authority speakers: Min Fin Austria (A. Lejsek), MFSA (J. Bannister), AMF (N. Cazenave)
CRD V / CRR II pending issues
Chair: K. Martin (Min Finance Estonia) Industry speakers: BPCE (N. Duhamel), ING (D. van Wassenaer), DSGV (K.-P. Schackmann-Fallis), Nykredit (D. Sørensen)Public authority speakers: Min Fin France (C. Bavagnoli), EU Com-DG FISMA (M. Nava), Central Bank of Denmark (P. Callesen)
Attracting retail investors to EU capital markets and PRIIPs / MiFID II pending issues
Chair: N. Giusto (Consob)Industry speakers: La Banque Postale (F. Lustman), Fidelity (U. Funered), Tradition (V. Remay), BME (A J. Zoido)Public authority speakers: FMA (B. Puck), ESMA (V. Ross)Expert: N. Lemmers (European Investors)
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11:35-12:45
AML, KYC, data and competition challenges for digital banking
Chair: K. Kessler (Estonian FSA)Industry speakers: Swift (P. Krekels), Western Union (M. Alvisini), ING (D. van Wassenaer),Public authority speakers: Bundesbank (J. Metzger), EBA (C. Gardner), Danish FSA (J. Berg)
Review of Solvency II
Chair: P. Berès (MEP)Industry speakers: Allianz (G. Terzariol), AXA (G. Harlin)
Public authority speakers: EIOPA (F. Parente), EU Com-DG FISMA (N. Berger), Min Fin France (T. Groh), BAFIN (F. Grund), IVASS(A. Corinti), B. Balz (EU Parl-ECON)
BUFFET LUNCH
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Eurofi Financial Forum 2017 – Tallinn – Proposed topicsFintech and the general regulatory contextThursday 14 September 2017 afternoon
Speech : J. Katainen
(EU Commission)
14:45-15:50
15:50-17:00
Leveraging Fintech in the insurance industry
Chair: S. Lemery (ACPR)Industry speakers: Zürich (E. Arnold), Metlife (G. Del Sesto)Public authority speakers: BAFIN (F. Grund), EIOPA (K. Würtz),
EU Com-DG FISMA (N. Berger)
Impacts of digitalisation on retail banking and payments
Chair: M. Müller (Central Bank of Estonia)Industry speakers: Santander (D. Pujazón) Crédit Agricole(A. Aucoin), Barclays (J. Wilson)
Public authority speakers: Central Bank of Lithuania (M. Jurgilas), ECB (M. Bayle), EU Com-DG Connect (P. Zilgavis), BAFIN (F. Hufeld)
Leveraging Fintech in the context of the CMU
Chair: O. Guersent (EU Com-DG FISMA )Industry speakers: Deutsche Börse (N. Tomm), Euroclear (P. Symons), BBVA (T. Paavola), BNY Mellon (A. Pierelli), Funderbeam (K. Ruusalepp)Public authority speakers: Min Fin France (S. Raspiller), FCA (L. Foulger), Gov Malta (S. Schembri)
Addressing increasing cybersecurity risks
Chair: D. Beau (Banque de France)Industry speakers: DTCC (S. Scharf), State Street (M. Gavell),PWC (D. Del Re ) Swift (L. Punt)
Public authority speakers: EU Com-DG Connect (P. Zilgavis), CFTC (E. Pan), ECB (M. Bayle)
Are EU digital and Fintech initiatives up to the challenges?
Chair: Y. Mersch (ECB)Industry speakers: Nasdaq (H.O. Jochumsen), BBVA (J M González-Páramo)Public authority speakers: Min Fin Estonia (M. Ross), Central Bank of Finland (A. Grym), EU Parl-ECON (C. van Nieuwenhuizen),Min Fin Lithuania (V. Šapoka)
13:45-14:45
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Continuation of 14 September afternoon
Eurofi Financial Forum 2017 – Tallinn – Proposed topicsFintech and the general regulatory contextThursday 14 September 2017 afternoon
COCKTAIL
GALA DINNERKeynote speech : T Tõniste, President of the ECOFIN Council
20:00-21:00
21:00-22:30
Speeches: International and EU policymakers and industry leaders• Future of global regulatory coordination in the financial sector and implications for the EU financial sector and economy
C. Giancarlo (U.S. CFTC), R. Gnodde (Goldman Sachs), V. Dombrovskis (EU Commission)
Exchange of views: Review of the operations of the ESAs
Chair: D. Wright (EUROFI)Public authority speakers: EU Parl-ECON (M. Ferber), ESMA (S. Maijoor), EBA (A. Enria), EIOPA (G. Bernardino)
18:15-18:50
17:05-17:45
Exchange of views: Prospects of global policy coordination in the new political, economic and monetary context
Chair: D. Wright (EUROFI)Industry speakers: A. Magasiner (BAML)Public authority speakers: O. Guersent (EU Com-DG FISMA), US Treasury (S. Baker), Min Fin Italy (V. La Via)
17:45-18:15
Closing session: Economic and financial priorities for relaunching the Eurozone and the EU
Chair: T. Wieser (EU Council) Industry speakers: JP Morgan (V. Grilli), Crédit Agricole (A. Aucoin), EIB (A. McDowell)Public authority speakers: EU Parl-ECON (R. Gualtieri), ECB (Y. Mersch), Min Finance Bulgaria (V. Goranov), Min Finance Malta (E. Scicluna)Expert: S. Goulard
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18:500-20:00
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Eurofi Financial Forum 2017 – Tallinn – Proposed topicsImproving financial stability and convergenceFriday 15 September 2017 morning
BUFFET LUNCH
Closing remarksMeeting the challenges of the Eurozone and the EU : Prof. S. Hanke
11:15-11:55
07:45-08:40
10:00-11:10
08:40-10:00
12:30-12:40
11:55-12:30
Exchange of views with members of the EurogroupDeepening the EMU: when and how?
Chair: K. Regling (ESM)Public authority speakers: B. Le Maire (Min Fin France), P. Orpo (Min Fin Finland), P. Kazimír (Min Fin Slovakia), M. Centeno (Min Fin Portugal)
Exchange of views: Banking Union: how to make existing pillars more effective?Chair: A. Enria (EBA)Industry speakers: J M González-Páramo (BBVA)Public authority speakers: Banque de France (F. Villeroy de Galhau), SSM (S. Lautenschläger), EU Parl-ECON (E. de Lange), SRB (E. König), EU Parl ECON (D. Hübner)
Exchange of views: Challenges and conditions for a normalisation of EU monetary policy
Chair: D. WrightIndustry speakers: J. Gual (CaixaBank)Public authority speakers: ECB (S. Lautenschläger), Central Bank of Austria (E. Nowotny), Central Bank of Netherland (K. Knot)
Systemic risks and resolution in the insurance sector
Chair: B. Balz (EU Parl-ECON) Industry speakers: Metlife (E. Ligere), Swiss Re (N. Arquint) AXA (J. Ariss)Public authority speakers: ACPR (S. Lemery), NAIC (T. Nickel), EU Com-DG FISMA (N. Berger)
EU CCP systemic issues (EMIR review, CCP R&R)
Chair: Y Mersch (ECB)Industry speakers: ICE (T. Grange), BP2S (L. Caron-Habib), Deutsche Börse (A. Hachmeister)Public authority speakers: EU Parl-ECON (J. von Weizsäcker), Bundesbank (J. Metzger), EU Com-DG FISMA (M. Nava), AMF (R. Ophèle), ESMA (V. Ross), Bank of England (D. Bailey)
Are market-based finance risks under control?
Chair: G. Gelos (IMF) Industry speakers: Blackrock (J. Cound), Federated (D. Gepp), Amundi(F. Bompaire), Vanguard (R. Comegys)Public authority speakers: EU Parl ECON (M. Ferber), IOSCO (J-P Servais), EU Com-DG FISMA (M. Nava)
Resolution of banking groupsChair: E. König (SRB) Industry speakers: Nordea (J. Galbo), Standard Chartered(T. McDermott), UBS (T. Pohl),Public authority speakers: EU Parl ECON (G. Hökmark), BAFIN (F. Hufeld), EU Com DG Comp (M.Velentza), Banca d’Italia(E. Serata), FDIC (A. Murton)
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Main activities
The main objectives of Eurofi are to help industry and public decision-makers reach a commonunderstanding of possible evolutions required in the regulation and supervision of financial services andto open the way to legislative or industry-driven solutions that may enhance the safety and effectivenessof the EU financial sector and its contribution to economic growth.
Eurofi acts in a general interest perspective, facilitating exchanges of views between diverse financialindustry players and the public authorities. These discussions are prepared by objective fact findingand issue analyses.
Eurofi has two main types of activities conducted by Didier Cahen, Secretary General of Eurofi,Jean-Marie Andrès and Marc Truchet, Senior Fellows:
Events and meetings:▪ Eurofi organizes annually two major international events (the High Level Seminar in March
/ April and the Financial Forum in September) gathering industry leaders and EU andinternational public decision makers for discussions on the major on-going regulatory projects in thefinancial area and the role of the financial sector in fostering growth as well as the economic andmonetary environment.
▪ These events are regularly organised in association with the EU Presidencies in parallel with informalECOFIN councils and in some cases with the G20 Presidencies. They are organised with the supportof Virginie Denis and her team.
▪ Additional workshops involving the members of Eurofi are set up to exchange views on regulatoryissues. Bilateral meetings are also regularly organised with representatives of the public authoritiesand other stakeholders (e.g. end-users, experts) to fine-tune assessments and proposals.
Research and documentation:▪ Assessments and proposals taking into account economic, risk and end-user impacts are prepared
with the support of cross-sectoral working groups comprising members of Eurofi.
▪ Topics addressed include prospective and on-going regulatory proposals at the EU and global levels, industry trends as well as the impacts for the financial sector of the economic challenges the EU is facing.
• A not-for-profit organization currently chaired by David Wright who succeeded Jacques de Larosière as Chairman in April 2016• A platform for exchanges between the financial services industry and the public authorities addressing issues related to the evolution of financial regulation
and supervision and the economic and monetary context impacting the EU financial sector
ABOUT EUROFIThe European think tank dedicated to financial services
Membership of Eurofi : leading global and European financial institutions from different sectors of the industry (banking, insurance, market infrastructures, asset management,
credit rating agencies…).
Main topics currently addressed111
▪ Measures and instruments needed to ensure an appropriate financing of the EU economy:impacts of Brexit on the financing of the EU, impact of on-going monetary actions, measures tosupport bank financing (securitisation), diversification of the financing of SMEs and infrastructureprojects, proposals for developing a long term investment perspective, climate change agenda
▪ Prospects of digitalisation and fintech: digital transformation in the banking and insuranceindustries, fintech and blockchain applications in the capital markets and investment, relatedregulatory challenges
▪ Prospects of further EU integration: implementation of the Banking Union, priorities forimplementing a Capital Markets Union, possible evolution towards a fiscal union and further economicintegration in the Eurozone, evolution of the EU regulatory and supervisory authorities (ESRB, ESAs).
▪ Optimizing the EU financial services internal market: payments, review of the IORP directive,regulation of CRAs, prospects of further banking integration and of digital banking
▪ Evolutions of the prudential and regulatory framework of banks and insurancecompanies: fine-tuning and implementation of banking and insurance prudential frameworks,recovery and resolution of banks and non-banks, culture and conduct measures
▪ Capital markets and investment product regulations: Capital Markets Union, regulation ofsecurities, derivatives and commodities markets and infrastructures, recovery and resolution of CCPs,cybersecurity, SFT and collateral requirements, asset management regulations, investor protectionregulation (PRIPs, MiFID, IMD…), regulation of shadow banking
▪ Financial regulation at the global level: feasibility of bank crisis management at the global level,coordination of capital markets regulations at the global level, systemicity of non-banks non-insurers