Events

Closed roundtable meeting (by invitation only) with Patrick Pearson (Head of Unit Market Infrastructure, European Commission).

The crisis of complex and interconnected financial institutions and the instability of European public finances threaten our economies and hinder the already feeble economic growth. The event will discuss the impact of developments in the credit risk transfer market on the viability of systemically important financial institutions.

Riding the wave of public sentiment to overhaul financial markets, regulators on both sides of the Atlantic are drafting new rules for derivatives instruments traded over-the-counter (OTC). Current proposals in the EU and the US are calling into question the future prospects for trade execution, clearing and settlement platforms. On the one hand, there is strong pressure for centralisation of clearing, standardisation and data reporting, and on the other, there is an underlying trade-off with customisation and liquidity that can be a source of instability in the long run.

ECMI and CEPS are closely following the Markets in Financial Instruments Directive (MiFID) Review process run by the European Commission and the Committee of European Securities Regulators. The revision of MiFID represents a new challenge for Europe, which strives to improve efficiency and integration of its capital markets.

CEPS/ECMI is pleased to invite you for a special meeting with

MARK SOBEL

Deputy Assistant Secretary for international monetary affairs and

 financial policy US Treasury
 

 
Mark Sobel has agreed to engage in an open discussion on the state of the EU-US Financial Regulatory Dialogue.

An ECMI Conference organised in cooperation with LSE Group

Date:  February 1st, 2010

Location:  London Stock Exchange, The Forum, 10 Paternoster Square, EC4M 7LS London