FinTech – Its role in CMU and capital market integration
Despite numerous attempts, European capital markets remain fragmented, creating barriers to economic integration, holding back innovation, affecting both the efficiency and scale of continental European capital markets. Fintech holds great potential to increase market access, streamline processes, increase the range of products, lowering cost for clients, allowing national segmented markets to become pan-European and deepening and broadening EU capital markets. Thus, the panel will explore what role Fintech can play to overcome fragmentation, whether through improved trade execution, enhancing the transparency and comparability of products, or through reducing the well-publicised barriers to clearing and settlement transactions.
Is Fintech already helping further integrate European capital markets and what potential exists to enhance the process of interconnecting markets under CMU 2.0?
What barriers, whether regulatory or other, exist impeding the utilisation of new technologies from meeting the potential they offer to improve EU capital markets?
Will Fintech lead to more equality for clients irrespective of size and geographical location?
Will the trend of globalisation of capital markets through technological advancements hinder or advance the objectives of CMU?
How specific role do new technologies, such as artificial intellligence, distributed ledger technology and big data play to advance market integration?
Chief Government and Public Affairs Officer, Moody's
Head of International Government & Regulatory Affairs, Refinitiv
Carmine Di Noia
Head of Unit for Digital Finance, DG FISMA, European Commission
Director of Innovation, UK Financial Conduct Authority
Member of the Next CMU High-Level Group, Attorney-at-Law at the New Technologies Practice, Wardynski & Partners
Managing Director Government and Regulatory Affairs, Deutsche Bank
Head of Behavioral Science for Market Technology, Nasdaq