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Open strategic autonomy and economic security strategy in the financial area: what are the priorities for the next Commission?

Day 2 Afternoon

Thursday 14 September

Room :

ROOM 1

Speakers

Chair
John Berrigan
Director General - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Public Authorities
Emmanuel Moulin
Director General of the Treasury - Ministry of the Economy, Finance and Industrial and Digital Sovereignty, France
Magdalena Rzeczkowska
Minister - Ministry of Finance, Poland
Anikó Túri
State Secretary - Ministry of Economic Development, Hungary
Industry Representatives
Stéphane Boujnah
Chief Executive Officer and Chairman of the Managing Board - Euronext
Pedro Castro e Almeida
Regional Head of Europe - Banco Santander
Vittorio Grilli
Chairman of Italy & CIB EMEA - J.P. Morgan

Objectives of the roundtable

10 years after the creation of the Banking Union and 7 years after the launch of the first CMU initiative, European banking and capital markets remain fragmented within the EU.
On 19 January 2021, the Commission issued a communication which sets out how the EU can reinforce its open strategic autonomy in the macro-economic and financial fields.
On 20 June 2023, the European Commission published a Joint Communication on a European Economic Security Strategy

The objective of this session is to take stock of progress 18 months after the publication of the Communication of the Commission on Open strategic autonomy and to identify further priorities for the next Commission.

Points of discussion

  1. What do we mean by open strategic autonomy in finance? How “autonomous” is the EU’s financial sector today? How can the EU’s open strategic autonomy contribute to strengthening long-term European economic security? How can we ensure that Europe’s abundant savings provide more domestic funding for the European economy (eg investing in EU equities etc.)?
  2. What are the key drivers to deliver European financial autonomy by the end of the decade? What are the priority areas where the EU’s financial autonomy should be reinforced and why?