In addressing gaps in the European Monetary Union (EMU) and settling on a two-pillar approach of Banking Union and Capital Markets Union, officials hope to simultaneously strengthen the banking system, reduce dependence on traditional lending, and promote more open, competitive, and efficient European financial markets and services. Given Europe’s systemic importance to the global financial system and worries about the continent’s sluggish economic growth, the implications of success (or failure) will be felt locally, regionally and globally. This panel will discuss ideas on the path forward for the Eurozone, including implications for key stakeholders such as multinational firms and the Bretton Woods institutions, and comparing the applicability of the U.S. experience on financial integration to that of the Eurozone.
Minister Luca Franchetti Pardo, Deputy Chief of Mission
Panel Discussion Featuring:
Andrea Enria, Chairman, European Banking Authority
C. Randall Henning, Professor, American University
Sandie O’Connor, Chief Regulatory Affairs Officer, JPMorgan Chase
Jose Manuel Gonzalez-Páramo, Executive Board Member, Banco Bilbao Vizcaya Argentaria (BBVA) SA
Paolo Garonna, Secretary-General, FeBAF; Bretton Woods Committee Member
A networking lunch hosted by the Italian Embassy will follow the panel discussion.
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