About this online course
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 online 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. The 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). On the basis of practical examples, the participants will have the opportunity to discuss the concrete actions taken by the ESAs, their first achievements as well as clear lessons for improvement.
Who will most benefit?
EU regulatory affairs professionals, officials in the national regulatory and supervisory authorities; professionals from financial institutions who wish to obtain solid understanding of fundamental legal concepts, principles and procedures in EU financial services; translators who need to acquaint themselves with the legal terminology as well as other professionals wishing to systematise their knowledge of financial markets regulation.
Methodology of the online course
The online course will be delivered by means of live streaming during two consecutive days via ZOOM.
The online course sessions will be conducted by experts providing a presentation on key topics. They 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.
The objectives of this online course are three-fold:
- To present the institutional set-up for the regulation and supervision of financial institutions, the system of regulation and decision-making in financial services;
- To discuss the first lessons learned from the ESAs activities, the ongoing reform and the outlook for the future;
- To inform about the legal remedies available to challenge the legality of ESAs actions and to discuss the recent litigation in financial services.
The online course will consist of presentations, question & answer sessions and a panel discussion.
For this online course we make use of Zoom
Ms Juliette Boussuge-Mollicone
Tel: +352 426 230 304
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, United Kingdom.
For all other participants, the regular fee applies.
Prior payment is a condition for participation.
For administrative reasons you will be charged € 50 for cancellations received within 7 days before the activity begins. There is no charge for qualified substitute participants.
EIPA reserves the right to cancel the activity up to 1 week before the starting date. In that case, registration fees received will be fully reimbursed.
I have a question
|09.00||Registration of participants|
|09.15||Welcome and introduction to the online course
Juan Diego Ramírez-Cárdenas Díaz, Senior Lecturer, European Centre for Judges and Lawyers, EIPA Luxembourg
|09.30||The new EU Institutional Framework for Financial Regulation and Supervision (I)
Eugenia Siracusa, Legal Officer, Legal, Convergence & Enforcement, European Securities and Markets Authority (ESMA), Paris
|10.30||Q & A Session|
|11.00||EU Institutional Framework for Financial Regulation and Supervision (II)
|11.45||Q & A Session|
|13.00||The progressive broadening of ESMA’s direct supervisory powers: the current role of ESMA as pan-European direct supervisor
Eugenia Siracusa and Fred Reinertz Barriera, Financial Sector Consultant, Luxembourg
|14.30||ESAs as Entities Subject to EU Administrative Law
Juan Diego Ramírez-Cárdenas Díaz
|15.30||Q & A Session|
|15.45||Interim conclusions of the first day|
|16.00||End of the 1st day|
|09.00||Sources of Financial Services Law
Expert to be confirmed
|10.00||Q & A Session|
|10.30||Procedures for the Adoption of Level 1 and Level 2 Acts
Juan Diego Ramírez-Cárdenas Díaz
|11.30||Q & A Session|
|12.45||Challenging the legality of actions taken by the ESAs and the ECB
Silvère Lefèvre, Legal Secretary at the General Court, Court of Justice of the EU, Luxembourg
|13.45||Q & A Session|
|14.15||General Overview of judicial remedies in the EU
|15.30||Conclusions and end of the online course|