Great to participate in yesterday's Roundtable discussion on #consolidation in #Brussels, hosted by the #EuropeanCommission. With renewed momentum around this topic, we had a dynamic and insightful exchange on how to move towards more efficient #capitalmarkets, by tackling barriers to integration of market infrastructure and scaling up of investment funds. Topics like #FinancialLiteracy, centralization vs local specificities across markets, further reduction of regulatory fragmentation and many other topics were addressed, with a firm commitment to jointly work on finding solutions to have a better #CapitalMarketsUnion. #AllianzGI #CapitalMarkets #EU #Consolidation #Fragmentation #ScaleUp Valérie Urbain, Giorgio Modica, Carmine Di Noia, Karolina Rzońca-Bajorek, FCCA, Marcel Haag
Thanks for advocating this! There’s so much potential in these discussions, especially around reducing fragmentation and creating more efficient capital markets. It will be interesting to see whether policymakers recognize the lessons from cross-border asset management integration over the past decades and allow similar dynamics to play out in banking. Missing the opportunity for deeper cross-border banking consolidation could send an unfortunate message about the future of European financial integration.
Nic Sterckx
2mo
Very interesting debate indeed!
Senior Manager, EU Affairs - Allianz | U30 Advisory Group, Vatican Council for Culture
2moCongratulations to you Thomas and all the panelists for the insightful discussions, and to the FISMA staff for organising 👏