QED Lunch Debate on the EU Clearing System - QED

QED Lunch Debate on the EU Clearing System

Hybrid Event

Discussion Point

  • Will the European Commission’s proposal succeed in encouraging clearing in the EU and improving the attractiveness of EU CCPs?
  • Will the proposal make EU CCPs more resilient?
  • Is there a need for strengthening the EU’s strategic autonomy in the area of clearing?
  • Does the current level of clearing outside the EU pose a risk to financial stability?
  • Is the Commission’s proposal the way to go in order to achieve strategic autonomy and improved financial stability?
  • Is the Commission’s proposal for CCP supervision adequate?
  • How can we ensure safe and competitive post-trade arrangements?
  • Should firms subject to clearing obligations be required to do a portion of their clearing through active accounts at EU CCPs?
  • What will be the impact on the competitiveness of EU market participants?
  • Will the proposal make it easier and faster to approve new products and risk models at EU clearers?

Programme

12.15 – 13.00   Registration and sandwich lunch
13.00 – 13.05  Introductory remarks by moderator
13.05 – 13.35  Introductory remarks by speakers
13.35 – 14.45  Panel Discussion and Q&A

Speakers

Moderator:
Rebecca Christie

Senior Fellow, Bruegel

Rebecca Christie is a senior fellow at Bruegel, the Brussels-based economic policy think tank. She writes and speaks publicly about EU politics, financial regulation, tax and climate finance issues. Previously, she was the lead author on "Safeguarding the Euro in Times of Crisis", the official history of the European Stability Mechanism, and worked for more than 20 years as an economics and politics correspondent for Bloomberg News, Dow Jones/The Wall Street Journal and the Financial Times.

Prof. Danuta Hübner

Member of the European Parliament

Danuta Hübner has been the first Polish EU Commissioner, first for Trade and subsequently for Regional Policy. She is a Professor of Economics, and has been a Member of the European Parliament since 2009. Currently, she is a member of the Committee on Economic and Monetary Affairs – for which she was recently appointed as the Rapporteur on the review of the regulatory framework for investment firms and market operators (MiFID II and MiFIR) - as well as for the Committee for International Trade, and a substitute member of the Committee on Constitutional Affairs. She is also a member of the Delegation for Relations with the US. Before joining the European Parliament, she was the chief negotiator for Poland's membership of the OECD, and Executive Secretary of the European Economic Commission with the rank of Deputy Secretary General at the United Nations. In Poland she lead the Office of the Committee for European Integration and Minister of European Affairs, overseeing the process of Poland's accession to the European Union.

Jennifer Robertson

Head of unit - Financial Markets Infrastructure, European Commission

Jennifer Robertson joined the European Commission in 2004 and has worked in DG Financial Stability, Financial Services and Capital Markets Union since 2005. She is currently a Head of Unit in the unit responsible for financial markets infrastructure. Previously she worked on retail financial services issues and SME finance in various departments of the European Commission. Before working at the Commission, she worked as a senior economist for 5 years at the European Savings Banks Group on issues ranging from the introduction of the euro to the integration of European financial services markets. Her professional experience also includes working as an economic researcher for a financial communications consultancy in Washington DC, USA. She is a graduate of the University of Glasgow (UK) and received a Master degree in International Economics and European Studies at the School for Advanced International Studies of Johns Hopkins University (Italy and USA).

Brita Hammar 

Deputy Director-General and Head of Division, Swedish Ministry of Finance

Brita Hammar is Head of the Securities Markets Division at the Swedish Ministry of Finance. Brita joined the Ministry in 2007 and has had different positions in the department for Financial Institutions and Markets. Before that, she has worked at PwC, the Financial Supervisory Authority and the Swedish National Debt Office.

Erik Müller

Chief Executive Officer, Eurex Clearing AG

Erik Tim Müller, CEO of Eurex Clearing AG, has over 20 years of experience in Capital Markets and is a member of the Executive Board of Eurex Clearing AG since April 2013. He is also a member of the Management Board of Eurex Deutschland, represents Eurex on the CFTC Global Markets Advisory Committee and serves on the Board of Directors of the International Swaps and Derivatives Association (ISDA). As Managing Director of Deutsche Börse Group, he has been previously responsible for Corporate Strategy and Mergers & Acquisitions (M&A) for many years. Since the IPO of Deutsche Börse in 2001, Erik Tim Müller has been a manager of Deutsche Börse Group. He has been responsible for Group Treasury and Investor Relations, including all treasury activities of the two bank licensed businesses of Deutsche Börse Group, Eurex Clearing in Frankfurt/Main and Clearstream in Luxembourg since 2008. Erik Tim Müller holds a dual degree MBA from Goethe University in Frankfurt/Main, Germany and the Fuqua Business School in North Carolina, USA.

Julien Jardelot

Head of Europe, Government Relations & Regulatory Strategy, LSEG

Julien Jardelot is Head of Europe, Government Relations & Regulatory Strategy at LSEG, supporting LSEG business developments on regulatory matters in Europe. Julien worked in the Legal Departement of the French Autorite des Marches Financiers, on Fund Management and then in the Regulatory and Internaitonal Affairs Departement of the AMF on post-trade issues contributing to the French position on EMIR, CSDR, MIFIR etc. He then joined the European Commission’s Financial Markets Infrastructure Unit where he worked a wide variety of EU and international post-trade issues. A Lawyer by training, Julien Jardelot joined LSEG in 2017.

Corinna Schempp 

Head of EU Policy & Regulation, FIA

Corinna Schempp is FIA’s Head of EU Policy & Regulation, responsible for developing and implementing the association's political and regulatory engagement strategy in the EU and UK in close coordination with FIA senior policy staff. Leading FIA's Brussels office, she is also involved in evaluating pending legislation, surveying the impact of legislation on the organisation and its membership and developing responses to legislation. Schempp joined FIA in September 2014 from LCH.Clearnet Limited where she was a Senior Regulatory Advisor in the Compliance & Regulation team Previously, her responsibilities covered regulatory compliance and licensing work in relation to LCH.Clearnet’s SwapClear business, including liaison with the Bank of England, CFTC, Ontario Securities Commission, AMF Quebec, BaFin and other international regulators. During her time at LCH.Clearnet she provided support on European and US regulatory issues, including the implementation of Dodd-Frank and associated CFTC regulations and EMIR. Prior to joining LCH.Clearnet in May 2011, Schempp was the Legal and Regulation Manager at EDX London, a derivatives exchange and joint venture between the London Stock Exchange and Sweden’s OMX AB. Schempp is a dual qualified lawyer, holding a post-graduate diploma in European Union law from King's College London, as well as law degrees from Germany and the UK.

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  • LSEG

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