Tuesday, 30 November 2021 / 15:00-16:00
Day 1: The market for the EU’s debt: is the EU becoming sovereign?
As a further to the pandemic response, the EU has become a big issuer in international capital markets. With the SURE programme, the Recovery and Resilience Facility, the ESM and EIB loans, total issuance may exceed EUR 1.4 tn. The EU thus has a safe asset, with an important part of these bonds being green.
This session will analyse how the EU’s safe asset market is working and will discuss burning questions such as: what is the governing law? What standards and documentation apply? Are collective action clauses used? What are the maturities and how is the yield curve?
- Kalin Anev Janse, CFO, ESM
- Isabelle Vic-Philippe, Head of Euro Aggregate, Amundi
- Niall Bohan, Director of Asset, Debt and Financial risk management, DG Budget, European Commission
- Annemarie Coldeweijer, Head of SSA and Covered Bonds in Global Capital Markets, Blackrock
Moderated by Jennifer Laidlaw, Senior ESG Writer, S&P Global
Thursday, 2 December 2021 / 15:00-16:00
Day 2: Private equity, CMU and the recovery.
Governments, central banks and others have pumped billions of euros into small businesses in an effort to keep them alive in response to Covid-19. To restart company growth, make vital investments, restructure debt and spur the growth of young and innovative companies there is need for more equity finance. This is where private equity could potentially play a vital role. Moreover, private equity funds had record amounts of capital for future investments at the end of 2020 (about EUR 300 billion in Europe and above EUR 1.8 trillion globally).
This session will focus on whether private equity should have a bigger role in the recovery of the EU? What are the regulatory and operational challenges that private equity is facing today? Are private-public co-investments working?
- Eric de Montgolfier, CEO, Invest Europe
- Sophie Manigart, Professor of Corporate Finance and Faculty Dean, Vlerick Business School
- Sven Gentner, Head of Unit Asset management, DG FISMA
- Judy Martins, General Counsel and Compliance Officer, Waterland Private Equity Investments
Tuesday, 7 December 2021 / 15:00-16:00
Crypto-assets: investors beware
The appeal of crypto-assets is increasing at a rapid pace, but the investor protection regime is confusing or still under construction. The location, valuation and taxation of crypto-assets are very shallow. Crypto-asset trading platforms are emerging, but the rules applicable are unclear, and market abuse is a problem. As the first international institution to do so, the European Commission has proposed to regulate crypto-assets under a tailor-made regime, the Markets in Crypto-Assets (MiCA) regulation, with a separate definition of digital assets. But this contrasts with the US or Hong-Kong, which both consider crypto assets as securities.
This session will analyse how will MiCA interplays with other existing and proposed rules (e.g., digital identity and privacy, e-commerce and digital markets and services, anti-money laundering, crowdfunding). How will European supervisors deal with these new tasks?
- Nobuyasu Sugimoto, Senior Financial Expert, IMF
- Julapa Jagtiani, Senior Special Advisor , Philadelphia Fed
- Almudena de la Mata, Blockchain Intelligence and IE Business School, Madrid
- Teana Baker-Taylor, Chief Policy Officer, Chamber of Digital Commerce
Moderated by Karel Lannoo, General Manager of ECMI and CEO of CEPS