BUILDING BACK BETTER
16.30 - 16.55
EU Private Markets: ESG Reboot
A presentation by Olivier Carré, PwC Luxembourg
As the world around us evolves, it is becoming increasingly apparent that environmental and social challenges – and the actions we must take in order to address them – will define this century. This evolving landscape has changed the course of the global political agenda, with significant knock-on effects on global financial markets. In this new backdrop, ESG and sustainable finance will become a matter of survival to meet the needs of sustainability-conscious investors, increased regulatory requirements and societal expectations. In this context, ESG investing is evolving into a veritable paradigm shift – particularly within the EU.
PwC will take a deep dive into the major trends that are already transforming the ESG wave sweeping across European Private Markets, and which is set to continue in the years ahead.
In fact, PwC estimates that European PM ESG assets will skyrocket to between EUR 775.7bn and EUR 1.2tn by 2025 – accounting for between 27.2% and 42.4% of the entire PM industry’s asset base.
The conference starts on Thursday, 18 November in the morning and runs until Friday, 19 November in the afternoon, with a programme featuring keynote speeches, an exclusive CEO panel, panel sessions, presentations, interview and workshop.
* The organisers reserve the right to adapt the programme.
(timings subject to change)
Thursday, 18 November
10.00 - 10.15
Welcome of Participants and Opening Speech
Naïm Abou-Jaoudé, EFAMA President
10.20 - 10.35
Mairead McGuinness, European Commissioner
10.40 - 11.10
The Impact of Digitalization on Asset Management
A presentation by Martin Huber and Cristina Catania, McKinsey
11.25 - 12.45
Nick Fitzpatrick, Funds Europe
Valérie Baudson, Chief Executive Officer, Amundi
Laurent Ramsey, co-Chief Executive Officer, Pictet Asset Management
Mark Versey, Chief Executive Officer, Aviva Investors
Asoka Wöhrmann, Chief Executive Officer, DWS
12.45 - 13.45
13.45 - 15.00
Panel 1 – EU Strategy for retail investment: The golden key to unlocking capital market participation?
The panel will discuss the European Commission’s strategy to encourage retail investment. In this context, it will take a close look at the purpose investment advice should serve in connecting EU citizens with capital markets and whether these goals are reachable without retrocession-based distribution models. The panel will also explore ways to reduce the information overload experienced by retail investors and how more engaging disclosures can help unlock retail investor participation.
Iris van de Looij, General Manager, DUFAS
Antonio Bottillo, Executive Managing Director, Country Head – Italy, International Distribution, Natixis Investment Managers
Andrea Liesenfeld, Deputy Head of Unit Retail Financial Services, DG FISMA,
Dan Hedley, Director Public Policy, Fidelity International
Arne Hertel, Head of Capital Markets, German Savings Banks Association (DSGV)
15.00 - 15.20
15.20 - 16.30
Panel 2 – Defining global standards for sustainability reporting
As finance becomes a key area for climate action, the lack of granular, reliable and comparable ESG company data hinders the ability of asset managers to support the transition to net-zero fully. This challenge has led to a growing demand for a global solution to sustainability reporting that reflects material climate-related impacts on a company and the impacts of a company on climate and other sustainability matters. These disclosures will be underpinned by taxonomies for environmentally sustainable activities currently under development in different jurisdictions, whose harmonization would provide further clarity to investors and companies. The industry will need to work with governments to support efforts to coordinate these ESG standards at a global level.
Nathalie Dogniez, Partner, PwC Luxembourg
Patrick de Cambourg, Chairman of EFRAG project Task Force
Carole Crozat, Head of Fundamental Research, BlackRock Sustainable Investing
Sue Lloyd, Vice-Chair of the IASB & Member of the Sustainability Technical Readiness Working Group
Gianluca Manca, Head of Sustainability, Eurizon Capital
Key industry themes
The impact of digitalization on asset management
EU Strategy for retail investment: the golden key to unlocking capital market participation?
Defining global standards for sustainability reporting
Alternative investment regulations under the microscope: challenges and opportunities
Is there a case for a macro-prudential framework for the funds industry?
Hot topics and trends in U.S. regulation of funds and asset managers (Legal Workshop)
17.00 - 17.30
Philippe Lamberts, Member of the European Parliament, Greens / EFA, member of ECON
Friday, 19 November
09.30 - 09.35
Tanguy van de Werve, Director General, EFAMA
09.35 - 10.15
Natasha Cazenave, Executive Director, ESMA
10.30 - 11.45
Panel 3 – Alternative investment regulations under the microscope: challenges and opportunities
The panel will discuss the most recent developments concerning the ongoing AIFMD and ELTIF reviews and exchange views on the adjustments required to the existing regulation to further improve the robustness of the AIFMD framework and to boost the offer and the demand for European Long-Term Investment Funds.
Marcus Mecklenburg, Director, Head of Legal, BVI
Chris Cummings, Chief Executive, The Investment Association
Sven Gentner, Head of Unit Asset Management, DG FISMA, European Commission
Michael McGrath, Assistant Secretary Financial Services Division, Irish Ministry of Finance
Jarkko Syyrilä, Head of Public Affairs, Nordea Asset & Wealth Management
12.00 - 12.45
In conversation with
Martin Moloney, Secretary General, IOSCO
An interview conducted by Pat Lardner, Chief Executive, Irish Funds
12.45 - 14.00
14.00 - 15.15
Panel 4 – Is there a case for a macro-prudential framework for the funds industry?
Coming back to some of the findings from the March-April 2020 market events, this panel will take a close look at the concerns raised by regulators about risks that investment funds may pose to financial stability (liquidity mismatches, leverage, pro-cyclicality) and discuss measures that may be needed to address such concerns.
Elisa Ricón, Director General, Inverco
Greg Dulski, Senior Vice President, General Counsel and Head of International Government Affairs, Federated Hermes; Chair of EFAMA’s MMF TF
Lee Foulger, FS Strategy & Risk, Bank of England
Simon Janin, Head of Public Affairs, Amundi Asset Management
Franck Raillon, Senior Policy Advisor, Asset Management Policy Division, AMF
15.15 – 16.15
Special Legal Workshop by Dechert LLP
What you need to know: Hot topics and trends in U.S. regulation of funds
and asset managers
During their annual U.S. update, Dechert lawyers will review the latest developments from the U.S. regulatory agencies affecting funds and asset managers, and discuss the potential implications for European asset managers. Specific topics will include updates on the following:
1. What European asset managers doing business in the United States should know about U.S. regulation of ESG and sustainability claims
2. Is 2022 the year when FSOC turns to asset managers again and seeks further reforms for U.S. money market funds?
3. Other U.S. developments affecting asset managers: Review of the new SEC regulatory agenda; Developments in the crypto space
Speakers: Julien Bourgeois, David Harris, Brenden Carroll, and Mikhaelle Schiappacasse
* The organisers reserve the right to adapt the programme.