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CMU Action Plan: how and by when can decisive progress be made

Day 2 Morning

Thursday 09 September

Room :

Plenary Room 1

Speakers

Chair
David Wright
President - EUROFI
Public Authorities
Isabel Benjumea
MEP, ECON Committee - Committee on Economic and Monetary Affairs, European Parliament
Paulina Dejmek Hack
Director for General Affairs, DG FISMA - European Commission
Sébastien Raspiller
Assistant Secretary - Ministry of the Economy, Finance and the Recovery Plan, France
Sebastian Thomasius
Head of Unit, Financial Services Unit - Permanent Representation of the Federal Republic of Germany to the EU
Industry Representatives
Stéphane Boujnah
Chief Executive Officer and Chairman of the Managing Board - Euronext Paris
Francesco Ceccato
Chief Executive Officer - Barclays Europe
Christian Staub
Managing Director Europe - Fidelity International

This session will discuss whether the key policy priorities of the CMU are likely to achieve a step change in the development and integration of EU capital markets. The panel will also assess whether the progress made so far with the implementation of the Commissions’ CMU action plan is satisfactory and whether the conditions are in place in terms of political commitment and ambition to ensure the success of the CMU initiative, given other urgent priorities such as post-Covid recovery measures, climate change and dealing with Brexit. 

Points of discussion

  1. Are the Commission CMU action plan and the prioritisation specified in the December 2020 Ecofin conclusions sufficient to guarantee a step change in the development of EU capital markets? Does the CMU action plan focus on the right areas to boost the development and integration of EU capital markets and does it sufficiently take into account EU post-Covid recovery objectives?
  2. How is the implementation of the CMU action plan progressing? Is the level of ambition sufficient in terms of a politically agreed implementation timetable? Is there sufficient political urgency, focus and timetabling on the CMU project?