Speakers
Chair
Rodrigo Buenaventura
Chairman - Spanish Securities and Exchange Commission (CNMV)
Public Authorities
Carlo Comporti
Commissioner - Commissione Nazionale per le Società e la Borsa (CONSOB)
Carl Magnus Magnusson
Policy Analyst, Capital Markets and Financial Institutions - Organisation for Economic Co-operation and Development (OECD)
Hanzo van Beusekom
Member of the Executive Board - Dutch Authority for the Financial Markets (AFM)
Industry Representatives
Beatriz Alonso-Majagranzas
Head of BME Exchange - SIX Group
Vincent Remay
Advisor to the Chairman - Tradition
Objectives
This session focusing on the transparency regime and the market structure measures of the MiFIR review proposal will take stock of the main points of agreement on these measures and discuss issues that remain to be further clarified and addressed for their successful implementation. The panel will also discuss the expected impacts of these proposals on the competitiveness of EU securities markets and assess further measures that may need considering in this regard.
Points of discussion
- Stock taking and pending issues: What are the main points of consensus on the transparency and market structure proposals of the MiFIR review, considering the approaches of the co-legislators? What are the main pending issues that remain to be clarified or further specified at Level 1 or 2? What are the main conditions for a successful implementation of the transparency and market structure proposals of the MiFIR review?
- Expected impacts of the MiFIR review transparency and market structure measures: Can a significant improvement be expected from the MiFIR review transparency and market structure proposals in terms of competitiveness and liquidity? What are the expected benefits for investors and market participants? Are there any downsides from the proposed measures? What additional measures may be needed in the trading area to enhance the competitiveness of EU securities markets?