Press release: Thursday March 11th 2004
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| Pictured today (Thursday March 11th) announcing the event, the Taoiseach Bertie Ahern said 'the Financial Services Colloquium will provide an important and timely opportunity to discuss the future development of EU policy in relation to the financial sector. The focus on developing a vision for the future regulatory environment and the emphasis on EU/US dialogue in this area will prove particularly useful. I look forward to hearing about the progress made at the Colloquium and I congratuate Financial Services Ireland and Finance Dublin for taking this initiative' . Pictured (L-R) are Ken O'Brien, publisher, Finance Dublin, Aileen O'Donoghue, director, Financial Services Ireland, the Taoiseach, and William Slattery, chairman, Financial Services Ireland, and chief executive State Street International Ireland. |
Financial services regulation in Europe: what next ?
The future of financial services industry regulation in the EU is the subject of a major colloquium in Dublin at the end
of March which will be addressed by a gathering of the world's most senior policymakers in finance. The colloquium is organised by Financial Services Ireland and is held to coincide with the Irish Presidency of the EU, and is being held as part of the fifth annual conference of Finance Dublin on March 30th and 31st 2004.
The speakers include:
The Director-General Internal Market, EU Commission, Alexandre
Schaub
The CEO of the new Public Company Accounting Oversight Board at the Securities and Exchange Commission, and chairman of the Basle Committee on Banking Supervision, Mr William
McDonough
The Chairman of the Committee of European Securities Regulators, Arthur Docters
van Leeuwen
The Chairman of the Financial Industry Members European Parliamentary Financial Services Forum, Rainer
Boden
The Director General, Swedish Financial Supervisory Authority, Ingrid
Bonde
The Director of the Financial Markets Directorate, Internal Market, EU Commission, David
Wright
The Group Chief Executive, AIB Group, Michael
Buckley
The Minister for Finance, Ireland, Charlie
McCreevy
The Chief Executive, Irish Financial Services Regulatory Authority, Liam
O'Reilly
The Managing Director, State Street International and Chairman of Financial Services Ireland, William
Slattery
Also attending at the half day colloquium will be a gathering of senior policymakers in individual member states. Attendance at the colloquium will also include delegates at the conference, which is available to representatives from financial services companies, industry service providers and senior executives responsible for European and global regulatory and compliance issues. For conference registration information, please click on the following link: www.financedublin.com/conf2004_01/order.php
The Colloquium is part of the two day annual Finance Dublin conference, on March 30th and 31st 2004, which will also address these regulatory issues as they affect financial centres such as Dublin and Luxembourg.
A series of Case studies of Financial centre companies and sector reviews, and an assessment of the impact of global trends on the Irish financial services industry, including tax, regulatory innovation, and new initiatives, such as the headquarter legislation will be presented at the conference.
For full details of the two day programme see: www.financedublin.com/conf2004_01/
The Colloquium ‘A European Vision for Global Financial Services’ will address the following questions:
What will replace the EU’s Financial Services Action Plan, due to end in June 2004, with many voices saying there should be no FSAP II, given the heavy agenda of pan European regulatory initiatives already produced under FSAP I?
Should financial services regulation in the EU follow a path of harmonisation or subsidiarity?
With a new agenda for financial services trade between the US and Europe being set should it be characterised by regulatory convergence, or should Europe, and Asia, preserve a distinctly different philosophy of financial services regulation, with the emphasis on dialogue/ negotiation/independent development?
Within Europe, should the approach be characterised by central harmonisation or mutual recognition and subsidiarity?
Post Sarbanes-Oxley and market timing how should the problems being encountered by US listed companies and transatlantic financial services companies be addressed if global financial services is to grow to its potential?
The Colloquium is part of the two day annual Finance Dublin conference, on March 30th and 31st 2004, which will also address these regulatory issues as they affect financial centres such as Dublin and Luxembourg.
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