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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: Finance & Financial Regulation

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

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Upcoming Event

Sep
2
13:00

European banks: under global competitive pressure?

Bruegel Annual Meetings, Day 2 - European banks have lost stature and remain generally low-profitability, low-valuation in comparison to their global peers. Is that a problem? If so, what can EU policymakers do to address it?

Speakers: José Antonio Álvarez Álvarez, Mairead McGuinness and Nicolas Véron Topic: European Macroeconomics & Governance, Finance & Financial Regulation Location: Palais des Academies, Rue Ducale 1
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Upcoming Event

Sep
2
14:15

Monetary and macroeconomic policies at the crossroads

Bruegel Annual Meetings, Day 2- In this session we would like to discuss monetary and macroeconomic policies after Covid-19.

Speakers: Grégory Claeys, Per Callesen, Gita Gopinath, Jorge Sicilia Serrano and Lawrence H. Summers Topic: Finance & Financial Regulation Location: PALAIS DES ACADEMIES, RUE DUCALE 1
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Upcoming Event

Sep
3
10:15

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: Energy & Climate, Finance & Financial Regulation Location: Palais des Académies, Rue Ducale 1, Brussels
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Past Event

Past Event

Financing for Pandemic Preparedness and Response

How can we better prepare for future pandemics? In this event, co-hosted by the Center for Global Development and Bruegel think tanks, speakers will present "A Global Deal for Our Pandemic Age", a report of the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response.

Speakers: Masood Ahmed, Victor J. Dzau, Amanda Glassman and Lawrence H. Summers Topic: Finance & Financial Regulation, Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: July 14, 2021
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Blog Post

SPACs in the gap

Special-purpose acquisition vehicles could fill a gap in European equity markets and lure risk-averse investors off the sidelines.

By: Rebecca Christie Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: July 13, 2021
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Blog Post

The EU green bond standard: sensible implementation could define a new asset class

The proposed EU green bond standard will be less prone to ‘greenwashing’, and the widest possible set of issuers and jurisdictions should be encouraged to use the standard.

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: July 13, 2021
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Blog Post

Banks post-Brexit: regulatory divergence or parallel tracks?

Post-Brexit UK bank regulation is not likely to compromise on international standards, but will place greater emphasis on competition, making close UK-EU dialogue essential.

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: July 6, 2021
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External Publication

European Parliament

UK banks in international markets

Implications of UK-euro area divergence in regulation and supervisory practice

By: Alexander Lehmann Topic: European Parliament, Finance & Financial Regulation, Testimonies Date: June 25, 2021
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Past Event

Past Event

Multilateralism in banking regulation and supervision

This members-only event welcomes Carolyn Rogers Secretary General of the Basel Committee on Banking Supervision.

Speakers: Carolyn Rogers and Nicolas Véron Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 24, 2021
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External Publication

European Parliament

What Are the Effects of the ECB’s Negative Interest Rate Policy?

This paper explores the potential effects (and side effects) of negative rates in theory and examines the evidence to determine what these effects have been in practice in the euro area.

By: Grégory Claeys Topic: European Parliament, Finance & Financial Regulation, Testimonies Date: June 9, 2021
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Policy Contribution

Europe should not neglect its capital markets union

The European Union’s capital markets remain very underdeveloped compared to the United States. The market for equity, as measured as the size of the total market capitalisation of listed domestic firms relative to GDP, is much larger in the US and in Japan than in Europe.

By: Maria Demertzis, Marta Domínguez-Jiménez and Lionel Guetta-Jeanrenaud Topic: Finance & Financial Regulation Date: June 7, 2021
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Blog Post

Banks in a net-zero Europe

A net-zero emissions target is a powerful incentive for the low-carbon transition, but for bank supervisors, climate-related risks, not climate outcomes, should remain the focus.

By: Alexander Lehmann Topic: Energy & Climate, Finance & Financial Regulation Date: June 1, 2021
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