Today's @ECMI_CEPS seminar on building dynamic EU capital markets has finished! In the keynote speech from @NiklasWykman and during the panel discussion that followed, our speakers explored the shortcomings in Europe's current approach to boosting capital markets as well as the

@NiklasWykman @FinansdepSv @FSMA_info @AdamKostyal @Nasdaq “The Swedish model has been developed for decades. We cannot wait for all Member States to follow it - to speed up the transition, we need cross-border European liquidity pools. Simplification also needs to be done at 🇪🇺EU level” says @michalik_jak from @euronext 👇🏻👇🏻

@NiklasWykman @FinansdepSv @FSMA_info “At the end of the day, saving is investment. The Swedish model is about financial literacy, which is key. There is also good competition among the providers to make sure they are creating value at a reasonable cost.” 🎙️ @AdamKostyal, @Nasdaq

@NiklasWykman @FinansdepSv What’s missing in Europe that the Swedish model has? 📌 Alignment and proximity to local ecosystems 📌 Trust 📌 Willingness to engage with risk - Annemie Rombouts, @FSMA_info

@NiklasWykman A check list for reform proposal: 1️⃣Increase long-run return to households’ savings 2️⃣Lower capital cost for firms 3️⃣Increase pool of investable capital 4️⃣Achieve this without jeopardising financial stability 🗣️ @NiklasWykman, @FinansdepSv

🟠 LIVE NOW / The @ECMI_CEPS event on building dynamic EU capital markets has started! To kick the event off, @NiklasWykman is delivering a keynote speech on Sweden's approach to developing resilient capital markets and how other countries can adopt the Swedish model.

@NiklasWykman The Swedish model is the one to follow. In 🇸🇪 culture and households, there is no distinction between savings & investments. Key components in the Swedish view are 🔵Deep pools of institutional capital 🔵Make it easy for households 🔵Good corporate governance 🎙️ @NiklasWykman

The 🇸🇪Swedish Minister for Financial Markets @NiklasWykman is kicking off our event on building dynamic #capitalmarkets! “Europe as a continent is lagging behind, and it’s been difficult to see European large corporations lately - this is the problem”. 👇🏻

🔵 LIVE NOW - ECMI seminar on "Building dynamic EU #capitalmarkets"! Keynote speech by 🇸🇪 Minister for Financial Markets @NiklasWykman, @FinansdepSv & panel discussion: 🎙️@AdamKostyal, @Nasdaq 🎙️Annemie Rombouts, @FSMA_info 🎙️@michalik_jak, @euronext 🔔Stay tuned for updates!

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal @EU_Competition @GoldmanSachs @michalik_jak @euronext @erfan_ghofrani @TheWFE @ESMAComms 🗣️Armi Taipale, Head of Capital Markets Supervision Department, @FIN_FSA NCAs have lots of costs which means we have to prioritise our supervision. Those coats are going to rise. It is very likely that this results in the industry paying more

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal @EU_Competition @GoldmanSachs @michalik_jak @euronext @erfan_ghofrani @TheWFE Iliana Lani, Head of the Conduct Supervision & Convergence Department at @ESMAComms Centralised supervision is part of a wider framework that aims to strengthen integration. It adds value to paneuropean players that now have to comply with multiple different supervisors/rules

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal @EU_Competition @GoldmanSachs @michalik_jak @euronext @erfan_ghofrani @TheWFE Congratulations to the three winners of the ECMI Best Paper! 🏆 Ishak Demir, Erfan Ghofrani and Ying Liu from the @TheWFE 📃: "Attracting New Listings: Understanding What Drives IPO Activity Across Markets"

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal @EU_Competition @GoldmanSachs @michalik_jak @euronext @erfan_ghofrani @TheWFE ➡️ Higher market liquidity is the stronger predictor of more IPO activity. ➡️GDP growth positively impacts ➡️Financial development increases the size of IPOs

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal @EU_Competition @GoldmanSachs @michalik_jak @euronext 🏆🗞️ @erfan_ghofrani, Financial Economist at @TheWFE, is presenting the findings of the ECMI Best Paper on IPO activities, aiming to offer guidance for policymakers, exchanges & investors to strengthen public #capitalmarkets worldwide. Congratulations to all the authors 👏🏻

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal @EU_Competition @GoldmanSachs 🗣️@michalik_jak, Chief Policy Officer & Member of the Executive Committee at @euronext on T2S ✅ Lots of potential to enable cross border transactions. ❌But all CSD should be connected, more currencies included and we need a better governance

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal @EU_Competition 🗣️Eleanor Beasley, Managing Director, COO and Head of Market Structure, EMEA Equities @GoldmanSachs The cost and the complexity of post trade in the EU is huge. Regulators have taken steps but that hasn't changed market players practices. We need to focus more on implementation

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal 🗣️Maria Velentza, Director of Financial Services, on the role of @EU_Competition ➡️We favour consolidation as long as this brings efficiencies to the market. ➡️ We want to address national biases. ➡️Very often what we do inspires policymakers like in the Cleastream case

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal 🗣️@Kathleen_Tyson_, Founder & CEO at @pacemakerglobal European supervisors are exhausting. I would rather have a few years of regulatory calmness so we can get a baseline and be able to check what works and what doesn't.

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy @Kathleen_Tyson_ @pacemakerglobal 🗣️@Kathleen_Tyson_, Founder & CEO at @pacemakerglobal Europe hasn't had much growth for two decades. With stagnant wages, how can you increase investments if young people do not see a future or can not afford a house?

@karel_lannoo @FDemarigny @Better_Finance @Zurich_Policy 🗣️Fireside chat with @Kathleen_Tyson_, Founder & CEO at @pacemakerglobal There is great market infrastructure in Europe. The problem is fragmentation. Different national cultures result in different rules, different pension systems and different preferences.