Speakers of the session
Verena RossEuropean Securities and Markets Authority, Executive Director
Mario NavaEuropean Commission, Director, Horizontal Policies, Directorate General Financial Stability, Financial Services and Capital Markets Union
Paul-Willem van GerwenDutch Authority for the Financial Markets, Head of Efficient Capital Markets Division and Trade Decisions Supervisor
Simon JaninAmundi Asset Management, Head of Public Affairs
Sergio TrezziInvesco Asset Management S.A., Managing Director, Head of EMEA Retail Distribution and LatAm
Guillaume PracheBetter Finance, Managing Director
Objectives of the sessionThe objective of this session is to assess the current state of play of retail investment in capital markets in the EU and the conditions for developing retail engagement in capital markets further in the current market environment.
The panel will also discuss the respective roles of the EU and member states in developing retail investment, whether the current EU policy framework and the initiatives underway (MiFID II, PRIIPs, CMU…) are likely to foster the development of retail capital markets in the EU and what changes or additional policy actions might be needed.
Points of discussionWhat is the current state of play of retail investment in capital markets in the EU? Should retail investment be further developed and for what reasons? What are the main conditions to do so in the current market environment and do these vary across the EU and different securities markets?
What are the respective roles of the EU and member states in fostering more retail investment? Are the EU initiatives underway (MiFID II, PRIIPs, CMU…) likely to contribute significantly to increasing retail investment in capital markets and what further policy initiatives or adjustments to existing legislations may be needed? Should retail investment channels be further diversified or developed in the EU (e.g. with the development of pension or workplace schemes, in addition to the PEPP, or crowdfunding)?