09:00 – 09:30
Keynote speech: “Financing the Recovery”
Mário Centeno, Governor of the Bank of Portugal
09:30 – 10:40
Challenges in regulating global and digitalized capital markets
The challenges posed to regulators by financial globalization and digitalization are enormous. The session will discuss the most important topics that the international regulatory and supervision community must face. The panelists will reflect upon topics such as:
• Setting global standards and the enforcement challenge: challenges for IOSCO and regional supervisors;
• The regulatory frameworks for new or expanding realities: fintech, artificial intelligence, emission allowances, non-banking credit intermediation;
• How to control business conduct: from Enron to Wirecard – what have we learned?
• Regulators and supervisors’ resources, performance and accountability.
11:10 – 12:10
Simultaneous “Call for papers” sessions organized by Bruegel, CIRSF and CEPS-ECMI
Sustainability in rulemaking and in practice (by Bruegel)
Organized by Bruegel, the session will discuss the results of the best papers chosen amongst candidates who responded to a “call for papers
” specifically promoted for this conference. It aims to explore the main challenges arising from sustainable finance trends in capital markets, namely:
• The implications of a green finance asset class for market liquidity and market structure;
• Analysis of supporting private sector service providers and requirements for an efficient regulatory regime;
• Integration of disclosure requirements and labelled instruments;
• The implications of non-financial disclosure and sustainability reporting;
• Emergence of ESG-oriented asset owners and investor mandates: implications for corporate governance and investor engagement.
Digitalizing investment finance (by CIRSF)
Organized by CIRSF, this session will discuss the results of the best papers chosen amongst candidates who responded to a “call for papers
” specifically promoted for the conference. It aims to explore the main challenges arising from the digitalization trends in capital markets, namely:
• Digital currencies, stablecoins and central banks digital currency;
• Platforms and investor protection;
• How big techs are changing modern finance;
• Digitalization of trading venues;
• DLT and blockchain impact on market infrastructures.
Which direction for capital markets in the EU and around the world ? (by CEPS-ECMI)
Organized by CEPS-ECMI, the session will discuss the results of the best papers chosen amongst candidates who responded to a “call for papers
” specifically promoted for this conference. It aims to explore the main challenges ahead for capital markets development and contribution to economic growth, namely:
• Global capital markets and their role in investment financing the post Covid-19 recovery;
• Pre-IPO risk capital, venture capital and private equity;
• Primary and secondary markets activity;
• EU-UK capital marketsand and the cost of fragmentation;
• Resilience and resolution of financial infrastructures.
12:10 - 13:20
How financial industry and policy makers can work for the benefit of society
How to enhance financial systems, so that they might efficiently address households and corporations’ saving and investment needs, while, at the same time, earning the general public’s trust in capital markets and contributing to economic growth, innovation and prosperity. The panelists will reflect upon topics such as:
• Investors preferences and needs: from new services to adequate returns (and products);
• Investor protection and strengthening investors’ confidence in market integrity: financial literacy, market conduct, product governance, financial inclusion and transparency requirements;
• Building a functioning banking and capital markets union in Europe. Lessons from other regions.