Dear friends, dear interested,
In the last few weeks, we experienced various attempts to use the Corona Crisis as an excuse in order to weaken financial regulation. In banking supervision we already saw steps towards relaxation of capital requirements and guidance. Further relief is currently in the making in the European legislative process. Consumer protection and financial market regulation are not spared as the EU-Commission is already discussing weakening in these areas, claiming it would support companies to survive the crisis. One gets the impression that the current economic crisis is used as an excuse to roll back important pieces of financial regulation in a rush and without credible evidence that it could actually help the economy. On the contrary, many of the rules at risk of being abolished are lobbied against by the financial business for a long time. We want to shed light on these attempts of regulatory rollback with you in a webinar on Wednesday, June 10 at 6 p.m. and have a discussion with experts, activists and civil society and consumer representatives.
Please register here: Registration
We are excited to welcome Anat R. Admati, professor of Finance and Economics at Stanford University and author of the book Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It for an introductory speech. For an overview of the quick fix of banking capital rules currently discussed, we are happy to announce Nicolas Véron, Senior Fellow at Bruegel and Peterson Institute for International Economics. Proposed changes to consumer protection and securities markets rules will be introduced by Thierry Philipponnat from FinanceWatch.
For the subsequent panel and discussion with consumer organisations, NGOs and political activists we are more than happy to announce the participation of Guillaume Prache, Managing Director of the European financial user organisation BETTER FINANCE, Vitor Texeira, advocacy officer on transparency and accountability of the EU Institutions at Transparency International, Molly Scott Cato, professor of Economics and former Green MEP and Myriam Vander Stichele, finance sector and trade expert at the NGO SOMO.
Please note: the webinar will be interpreted in English, German, French, Spanish and Italian.
The interactive online format allows all participants to ask questions and join in the discussion. The discussion is open to all interested parties. The number of participants is limited, so register here: (technically necessary; see instructions below)
We are looking forward to discussing with you. Please, share this invitation with anyone interested.
With European green greetings
MEPs in the Economic and Monetary Affairs Committee of the European Parliament:
Sven Giegold (Germany)
Claude Gruffat (France)
Philippe Lamberts (Belgium)
Stasys Jakeliunas (Lithuania)
Kira Peter-Hansen (Denmark)
Ernest Urtasun (Spain)