Please note amended address and new speaker Open Europe & Policy Exchange Invite you to a panel discussion kindly hosted by JP Morgan: EU Supervision and Regulation in the Securities Markets: Will One Size Fit All? Monday 12 July 2010 2.00pm - 3.30pm JP Morgan 20, Moorgate - London EC2R 6DA With: Salvatore Gnoni Securities Markets Unit, Internal Market and Services DG - European Commission Kay Swinburne MEP for the UK - Member of the European Parliament's Committee on Economic and Monetary Affairs William Underhill Slaughter & May - Chairman of the City of London Law Society's Company Law Committee Chair: Mats Persson Director, Open Europe Places are limited. If you wish to attend this event, please contact Vincenzo Scarpetta on 0044 (0)207 197 2333 or vincenzo@openeurope.org.uk The EU's controversial AIFM Directive is almost at a final text, but there are also other proposals in the pipeline to establish a closely harmonised system of securities regulation in Europe. One of the key proposals coming out of Brussels is the creation of three new supervisors to oversee banking, insurance and securities markets in the EU. The European Securities and Markets Authority (ESMA), one of the new bodies established by the legislation, could be given far-reaching powers to impose technical standards, or take actions in 'emergency situations', including limiting the use of leverage or short-selling. Is the creation of a new EU supervisor the right response to the financial crisis? How will ESMA impact on the authority of the UK's national regulators? What will another layer of supervision mean for the City of London? Open Europe and Policy Exchange are delighted to bring together some of the key people involved in this debate to examine the arguments for and against greater harmonisation of securities regulation in Europe. Thanks to JP Morgan who have kindly provided the venue for this event. ------ Open Europe is an independent think-tank set up by some of the UK's leading business people to contribute bold new thinking to the debate about the direction of the EU. It is at the forefront of the debate about EU regulation, making the evidence-based case for sound and proportionate business rules. For more information about Open Europe's activities, visit our website www.openeurope.org.uk, or e-mail mats@openeurope.org.uk. Policy Exchange is an independent educational charity. Its mission is to develop and promote new policy ideas which will foster a free society based on strong communities, limited government, national self-confidence and an enterprise culture.
Friday, 9 July 2010
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