Speakers
Objectives
The economic gap between the European Union and its main global competitors, in particular the United States, has widened since 2008 in terms of innovation, productivity and growth.
Furthermore, European banking and capital markets remain fragmented within the EU despite the EU initiatives of the past decade.
In such a context, the session will discuss the priorities for the next 5 years in the banking and financial services area. It will first focus on “the game changers” in order to relaunch the single market for banking and financial services. Then the session will assess the synergies between Banking Union, Capital market Union and the single market for financial services.
Speakers will also be invited to express their views on how to make European interests and expected benefits from EU financial integration prevail over national interests and discord among Member States.
Points of discussion
- What are the conditions to restore the confidence and cooperation needed between Member States to relaunch the single market in banking and financial services? To what extent do the economic and fiscal divergences between the largest Member States affect the desire for cooperation between States to make progress towards banking and capital markets unions? What are the key priorities, “the game changers” in order to move forward on this topic?
- Any progress on these topics requires vision, courage and leadership. How to foster these features among EU institutions and Member States and overcome existing hurdles for progress on this single market? How to make European interests and expected benefits from EU financial integration prevail over national interests and discord among Member States? What are the required institutional changes to ensure that national elected representatives are as responsible for developing and defending the European interests as they are for national interests?