The Evolving Regulatory Regime in Europe and the Effect on the Global Economy

IIEA4th April 20161min
Since the financial crisis in 2008, there have been significant changes in the  EU’s approach to financial regulation, brought about by the adoption of MiFID 2/MiFIR directives for financial markets and CRR/CRD4 directives for banks.

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About the Speech:   Since the financial crisis in 2008, there have been significant changes in the  EU’s approach to financial regulation, brought about by the adoption of MiFID 2/MiFIR directives for financial markets and CRR/CRD4 directives for banks. In his address, Mr. Lemierre examined how these changes in regulation have impacted on the real economy and on the banking system, specifically in the area of market competition between EU and U.S. investment banks.     About the Speaker:   Jean Lemierre became the Group Chairman of BNP Paribas in December 2014. In addition to his role at BNP Paribas, Mr. Lemierre serves as Chairman of the French Center for Research Studies on the World Economy (CEPII). Prior to joining BNP Paribas, he served as the President of the European Bank for Reconstruction and Development between 2000 and 2008. In 2009, he became a member of the International Advisory Council of the China  Development Bank.