EU Financial Services Law for Non-Lawyers: Institutional and Regulatory Framework – What’s New?

In March 2019, the European Parliament and the Member States reached a political agreement to reform the current system of financial supervision with a view of strengthening the macro- and micro-prudential supervision at the EU level. This course explains the legal system for financial services regulation and supervision before and after the reform and it clarifies the distribution of competences between the national and the EU level and the implementation of laws at both levels.

In this course, participants will learn about the respective roles and powers of various actors involved in the decision-making in financial services, with a particular emphasis on the tasks of the EU supervisory authorities (ESAs).

This course will also show participants the current status in the transposition of the EC’s CAD/CAR IV in the financial sector and the roles played by the SSM and the ECB in banking supervision.

Finally, the different legal proceedings which can be initiated before the Court of Justice of the EU to challenge the legality of the actions of the ESAs, the ECB and the SRB will be thoroughly examined.

What will you learn:

Are you working on financial services files and you are keen on gaining a clear overview of the number of regulatory components that compose the so-called EU Financial Services Law? Would you like to know about the adoption mechanisms of the EU financial legal instruments, and who contributed to their adoption? Are you aware the different procedures which can be initiated by natural and legal persons to contest the legality of these EU financial instruments?

Thanks to this course you will learn about:

• The EU regulatory framework for financial services;
• The current institutional setup for the supervision of financial institutions;
• The difference between the roles of the European Supervisory Authorities and the national supervisory authorities;
• The growing role of EU agencies in drafting legislation, as well as in ensuring their proper implementation by the Member States;
• The modus operandi of the EU Banking Union and the role of the European Central Bank and the SSM in supervising EU banks;
• The judicial remedies available to challenge the legality of the actions of the ESAs, the ECB and the SRB and about recent litigation in financial services.

Course methodology/highlights:

The course sessions will be conducted by experts providing a presentation on key topics, illustrated with examples and cases from financial legal practice. All sessions will be followed by Q&A periods allowing for the exchange of ideas and discussion periods where participants will have the possibility to share professional experiences.

By the end of the course, you will:

• Be able to identify the key competencies of the EU in the financial services area and have a clear overview of its various regulatory components;
• Develop a better understanding of the decision-making procedures in the area of financial services;
• Be aware of all the knowledge and expertise that you need to properly implement the EU financial service regulations of relevance to your work;
• Master the procedural toolkit to contest the EU financial instruments addressed to you or of your individual and direct concern before the Court of Justice of the EU.

• Civil servants working in the field of  EU financial services
• Officials in the national regulatory and supervisory authorities
• Professionals from financial institutions
• Translators who need to acquaint themselves with the legal terminology used in this sector

Course venue
European Centre for Judges and Lawyers – EIPA Luxembourg
8 rue Nicolas Adames
1114 Luxembourg

Programme Organiser
Ms Juliette Mollicone-Boussuge
Tel: +352 426 230 304
j.boussuge@eipa.eu

Fee
The fee includes documentation and refreshments. Lunches, a reception or dinner are included if mentioned in the programme. Accommodation and travel costs are at the expense of the participants or their administration.

Discounts
EIPA member fee

EIPA offers a discount to all civil servants working for one of EIPA’s supporting countries, and civil servants working for an EU institution, body or agency.

Who are the supporting countries?
Civil servants coming from the following EIPA supporting countries are entitled to get the reduced fee: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Spain, Sweden.

For all other participants, the regular fee applies.

Early bird discount

The early bird discount is not cumulative with other discounts or promo codes, except for the EIPA member fee.

Meals
Special dietary requirements (e.g. vegetarian, diabetic) can be indicated once you receive the confirmation of the seminar.

Confirmation
Confirmation of registration will be forwarded to participants on receipt of the completed online registration form.

Payment
Prior payment is a condition for participation.

Cancellation policy
For administrative reasons you will be charged €150 for cancellations received within 15 days before the activity begins. There is no charge for qualified substitute participants. EIPA reserves the right to cancel the activity up to 2 weeks before the starting date. In that case, registration fees received will be fully reimbursed. EIPA accepts no responsibility for any costs incurred (travel, accommodation, etc.).