ECON Hearing on EU-UK Regulatory Cooperation Framework
The Committee on Economic and Monetary Affairs (ECON) of the European Parliament will hold a hearing to discuss the Memorandum of Understanding (MoU) establishing a framework for financial services regulatory cooperation between the European Union and the United Kingdom. MEPs will exchange views with the Commission regarding the future cooperation between the EU and the UK. During the hearing, Professor Danuta Huebner will reflect on what the recent developments with respect to the MoU mean for the competitiveness and economic growth of both the EU and the UK. In particular, she will ask whether the Commission plans to prioritize these issues within its regulatory framework, similarly to what the UK has done in reframing the mandate for the Financial Conduct Authority (FCA).
Tuesday, June 28, 2023, 09:00-10:00
ECON Public Hearing with Andrea Enria, Chair of the Supervisory Board of the ECB
The Committee on Economic and Monetary Affairs (ECON) of the European Parliament will hold a public hearing with Andrea Enria, Chair of the Supervisory Board of the European Central Bank (ECB). The hearing will address relevant supervisory issues, and during the hearing Professor Danuta Huebner will pose questions related to the clearing environment and the financial stability risks associated with third-country Central Counterparties (CCPs). Additionally, she will seek insights into the lessons learned from recent banking crises and market developments concerning single name Credit Default Swaps (CDS).
Tuesday, June 28, 2023, 14:30-15:30
Presentation of EMIR Report by Rapporteur Danuta Huebner
The Committee on Economic and Monetary Affairs (ECON) of the European Parliament will hear a presentation from Professor Danuta Huebner on her draft report on the review of the European Market Infrastructure Regulation (EMIR). As the Rapporteur for the European Parliament’s on this file, she will focus on the key aspects of her draft report, including on the active account proposal, the europeanisation of supervision through an increase role for the European Securities and Markets Authority (ESMA), and enhancing the competitiveness and stability of the EU clearing ecosystem.
Tuesday, June 28, 2023, 10:00-10:45