Download schedule

Past Event

The EU Debate about Audit Reform

As the crisis has led many observers to identify shortcomings in the financial reporting of financial institutions, the European Commission has introduced proposals for audit reform in November 2011. The current legislative debate on these proposals involves possible restrictions on services provided by audit firms, obligations for issuers to regularly change auditors (“mandatory rotation”), and […]

Date: Jan 17 - Topic: Banking and capital markets

As the crisis has led many observers to identify shortcomings in the financial reporting of financial institutions, the European Commission has introduced proposals for audit reform in November 2011. The current legislative debate on these proposals involves possible restrictions on services provided by audit firms, obligations for issuers to regularly change auditors (“mandatory rotation”), and interactions between reforms in the EU and in other parts of the world. While this endeavor has received comparatively less public attention that those concerning credit rating agencies, let alone banking supervision, it has potentially far-reaching consequences in terms of the structures of the European audit market, relations between auditors and their corporate clients, and the information content of financial disclosures to investors and other stakeholders.

Speakers

  • Nathalie Berger, Head of Audit and Credit Rating Agencies Unit, European Commission DG MARKT

Nathalie Berger took her present position as Head of Unit for Audit and credit rating agencies in the Directorate General for the Internal Market and Services of the European Commission in 2012. She is responsible for leading the reform of the statutory audit legislative framework in the European Union and the cooperation with third countries on audit oversight. She is also responsible for the credit rating agencies legislative framework.

After joining the European Commission in September 2000, she worked on the modernization of the financial markets legislation (“Lamfalussy reform”), and was later seconded to the Commission Task Force on the Future of the Union, taking part in the work of the European Convention and the Intergovernmental Conference. She has in-depth experience in company law and corporate governance and in political coordination.

She started her career as an academic and public speaker, working in parallel as a consultant in European Affairs for the Caisse des Dépôts et Consignations, and also spending six months as Legal Advisor for the Bertelsmann Liaison Office in Brussels.

A French national, she holds a Ph.D. Doctorate in Law (1998) and a Bachelor of Arts in Politics (1991).

  • Vincent Papa, Director, Financial Reporting Policy, CFA Institute

Vincent Papa leads work on financial reporting in London for the policy arm of the CFA Institute, the global organisation of investment professionals. He also serves in advisory bodies to the Financial Stability Board, International Accounting Standards Board, and European Financial Reporting Advisory Group. Before joining CFA Institute in 2007, he worked for Accenture and KPMG in Johannesburg and Observatory Capital in London. He holds a PhD in Finance and Accounting from Cranfield University, a Masters in Finance from London Business School and a MBA from Witwatersrand University.

Chair: Nicolas Véron, Senior Fellow, Bruegel

Practical details

Schedule

Read about event More on this topic
 

Upcoming Event

Dec
9
14:00

How to deal with small banks: consolidation, tailoring and the fintech challenge

Small banks face multiple challenges. What structural changes are needed to tackle these pressures?

Speakers: Alexander Lehmann, Nicolas Véron, Xavier Vives, Anne Fröhling and Philip Evans Topic: Banking and capital markets
Read article More on this topic More by this author
 

External Publication

Country case studies on resolving problem loans in Europe: Crises, policies and institutions

Contribution to 'Nonperforming Loans in Asia and Europe—Causes, Impacts, and Resolution Strategies' published by the Asia Development Bank.

By: Alexander Lehmann Topic: Banking and capital markets Date: December 3, 2021
Read about event More on this topic
 

Past Event

Past Event

The UK strategy for Green Finance

This members-only event discusses the UK's strategy for greening the financial system.

Speakers: Adam Lyons, Fayyaz Muneer and Nicolas Véron Topic: Banking and capital markets Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 22, 2021
Read article Download PDF
 

Policy Contribution

European governance

Next Generation EU borrowing: a first assessment

The Next Generation EU programme is radically changing the way the EU finances itself and interacts with financial markets. This paper assesses the first design decisions made by the European Commission and the issuances that have taken place so far. It also outlines the potential risks and opportunities linked to this upgrading of the EU borrowing.

By: Rebecca Christie, Grégory Claeys and Pauline Weil Topic: Banking and capital markets, European governance, Macroeconomic policy Date: November 10, 2021
Read article
 

External Publication

European Parliament

Don't let up - The EU needs to maintain high standards for its banking sector as the European economy emerges from the COVID-19 pandemic

In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON).

By: Rebecca Christie and Monika Grzegorczyk Topic: Banking and capital markets, European Parliament Date: October 21, 2021
Read article More on this topic More by this author
 

Blog Post

Better sustainability data is still needed to accelerate the low-carbon transition in capital markets

Investors need more trustworthy sustainability data. Regulators should leave space for better products to emerge, while remaining alert to well-known patterns of misconduct in capital markets.

By: Alexander Lehmann Topic: Banking and capital markets Date: October 18, 2021
Read article
 

External Publication

European Parliament

Tailoring prudential policy to bank size: the application of proportionality in the US and euro area

In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON).

By: Alexander Lehmann and Nicolas Véron Topic: Banking and capital markets, European Parliament, Macroeconomic policy Date: October 14, 2021
Read about event More on this topic
 

Past Event

Past Event

What is the link between biodiversity loss and financial instability?

Biodiversity loss impacts financial stability. How big is the risk of biodiversity loss for financial institutions?

Speakers: Sylvie Goulard, Romain Svartzman, Guntram B. Wolff and Michael Wilkins Topic: Banking and capital markets Date: October 5, 2021
Read article More on this topic More by this author
 

External Publication

Brexit and European finance: Prolonged limbo

It will take longer than many had anticipated for the dust to settle on the post-Brexit financial landscape and its respective implications for the EU and the UK.

By: Nicolas Véron Topic: Banking and capital markets Date: September 24, 2021
Read about event More on this topic
 

Past Event

Past Event

Setting up the EU as a new benchmark borrower

At this closed-door event Siegfried Ruhl, Counselor to the Director-General for Budget at the European Commission will discuss the EU's borrowing program.

Speakers: Rebecca Christie and Siegfried Ruhl Topic: Banking and capital markets Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 16, 2021
Read article More on this topic More by this author
 

Opinion

El Salvador’s great crypto experiment

Can bitcoin surpass the dollar in popularity and make El Salvador the first state to operate entirely with a private currency?

By: Maria Demertzis Topic: Banking and capital markets Date: September 14, 2021
Read about event
 

Past Event

Past Event

Sustainable finance

Bruegel Annual Meetings, Day 3 - In this session on the final day of the Meetings, our panelists will discuss the future of finance and its sustainability.

Speakers: Maria Demertzis, Alberto De Paoli, Pierre Heilbronn and Alexandra Jour-Schroeder Topic: Banking and capital markets, Green economy Location: Palais des Académies, Rue Ducale 1, Brussels Date: September 3, 2021
Load more posts