Past Event

The EU27’s trade-offs in setting policy on central counterparties

This workshop aims to investigate the trade-offs involved in the next steps of decision-making for the future EU27 policy regarding central counterparties (CCPs / clearing houses).

Date: July 5, 2017, 11:00 am Topic: Finance & Financial Regulation

This event is a non-public workshop about the trade-offs involved in the next steps of decision-making for the future EU27 policy regarding central counterparties (CCPs / clearing houses), following the recent publication of a regulatory proposal by the European Commission.

There will be two sessions in the event, the first including market participants and featuring a number of different perspectives, and the second as a moderated conversation among public policymakers only. Beyond the much-publicized issue of location policy, themes included for discussion will include the assessment and oversight of systemic risk related to CCPs, the division of labor between national and EU authorities and among EU authorities, the relationships with third-country authorities and possible international spillovers of EU27 decisions, and the implications of the CCP oversight framework for monetary policy.

This event is open only to Bruegel’s members and to a selected number of invited experts. 

This event is off  the record.

Speaker

Nicolas Véron

Senior Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

matilda.sevon@bruegel.org

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External Publication

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External Publication

European Parliament

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Policy Contribution

Dutch Senate

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By: Nicolas Véron Topic: Dutch Senate, European Macroeconomics & Governance, Finance & Financial Regulation, Testimonies Date: September 21, 2017
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Policy Contribution

Capital Markets Union and the fintech opportunity

Fintech has the potential to change financial intermediation structures substantially. It could disrupt existing financial intermediation with new business models empowered by intelligent algorithms, big data, cloud computing and artificial intelligence. Policymakers need to consider four questions urgently: Develop a European or national fintech market? What regulatory framework to pursue? Should supervision of fintech be exercised at the European level? What is the overall vision for the EU’s financial system?

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Blog Post

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Policy Contribution

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As regulators rush to strengthen banking supervision and implement bank resolution regimes, a macro approach to resolution is needed that considers both the contagion effects of bail-in and the continuing need for a fiscal backstop to the financial system. This can be facilitated through the completion of a banking union in which the European Stability Mechanism (ESM) becomes the fiscal backstop to the euro-area banking system.

By: Dirk Schoenmaker Topic: Finance & Financial Regulation Date: July 10, 2017
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